Knowledge base system for an equipment market

• US 7,512,544 B2
• Filed: 07/30/2002
• Issued: 03/31/2009
• Est. Priority Date: 07/30/2001
• Status: Expired due to Fees

• Current Assignee: IHS Global Incorporated (Markit Group Ltd.)
• Original Assignee: ODS-Petrodata, Inc. (S&P Global Inc.)
• Inventors: Lindsay, Jeremy, Carter, Steven, Cochrane, Stuart, Isherwood, Ryan, Bouzek, Mark
• Primary Examiner(s): Jeanty; Romain
• Application Number:
  US10/208,548
• Publication Number:
  US 20030074391A1
• Time in Patent Office: 2,436 Days
• Field of Search: 705/7, 705/10
• US Class Current: 705/7.31
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 10/06315 Needs-based resource requirements planning or analysis
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 30/0202 Market predictions or forecasting for commercial activities
• CPC Class Codes: G06Q 30/0205 Location or geographical consideration
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors

Abstract

A system and method for managing and processing supply and demand information in an equipment market comprises a business logic engine, a database and interface engine and communications engine on a web host server. The communications engine is configured to enable the community of participants in the market to send market inquiries from the demand side of the market, and the business logic engine is configured to process market inquiries and responses to include them in the database of supply and demand information. The database is configured to enable the search engine to retrieve all types of data relevant to business planning and executing of equipment contracts and activities from community data and published data. The business logic engine comprises tools for collaboration, calculation, optimization and forecasting in the equipment market. In the exemplary embodiment the equipment is offshore drilling rigs.

Claims

1. A computer implemented system for managing and processing supply and demand information for participants in an equipment market, the system comprising:

a data processor programmed to receive and store electronically received data, designated by an user, as private information or public information and combinations thereof in a relational database in an electronic storage medium, wherein the computer implemented system assigns the private information an unique requirements reference number;

a business logic engine comprising computer readable program code stored on a host computer wherein a business logic program code comprises;

a search engine for selectively retrieving data from the relational database;

an interface engine for communication between a system user and the data processor and the business logic engine whereby the business logic engine operates on data processed by the data processor and the interface engine displays the results of operation by the business logic engine, wherein the interface engine generates graphical output for creating an interactive chart view, wherein the interactive chart view is supported solely by a host computer, a means for generating a graphical user interface with a tabular output; and

a communications engine for receiving a market inquiry on equipment from both a demand side market participant and a supply side market participant and forwarding the inquiry to the supply side market participant or the demand side market participant and for receiving a response to the inquiry from the supply side market participant or demand side market participant and forwarding the received response to the demand side market participant or supply side market participant, and wherein the equipment comprises drilling and production equipment for oil and natural gas.

2. The system of claim 1 wherein the search engine and communications engine each comprise computer readable program code and wherein the business logic engine further comprises computer readable program code modules selected from the group comprising a personalization tool module, a search engine module, a report engine module, a forecast tool module, an equipment planning tool module, an equipment usage sequences tool module, collaboration tool module, an equipment deployment optimization tool module and a day rate calculation tool module.

3. The system of claim 1 wherein the data processor, communications engine and business logic engine are stored on the host computer coupled to the Internet.

4. A method for creating a plan for equipment usage comprising the steps of:

providing a database contained in a computer storage medium for storing information relevant to participation in an equipment market, wherein the database comprises;

a plurality of equipment records containing information about specific pieces of equipment within an equipment category wherein each record comprises a unique equipment identifier and data associated with that identifier wherein the associated data is selected from the data group comprising;

technical specifications for the equipment, type of equipment, equipment owner, equipment contractor, current equipment activity, current equipment status, equipment availability date, equipment ownership history, and equipment technical upgrade history; and

one or more equipment related activity records, wherein each record comprises a unique activity identifier and data associated with that identifier, the associated data comprises public data and private data selected from the data group comprising;

activity location, activity status, activity operator, activity technical specifications, and equipment rental rate for the activity;

querying a database to identify and select an equipment group;

creating work flow templates and using the work flow templates to draw details from the equipment records into a document template, and generating periodic reports based on the document template and information stored in the database.

5. A method for analyzing supply and demand information in an equipment market having a discrete number of market participants comprising:

creating a database from published information sources containing equipment supply data and equipment demand data;

selectively adding to the database information received from one or more of the discrete market participants, identifying the data as private data or public data in a relational database in an electronic storage medium, assigning the private data an unique requirements reference number;

providing a graphical user interface for the discrete number of market participants to organize and access selected information and to provide public data and private data for inclusion in the database; and

providing analytical tools for operating on the public data or private data in the database wherein the analytical tools include an optimization tool and a forecasting tool for both supply side market participants and demand side market participants.

6. The method of claim 5 wherein the selectively adding step comprises selectively allowing access to the private data.

7. An Internet based knowledge base system for participants in a market for equipment wherein the participants include owners of the equipment and users of the equipment, the system comprising:

a relational database for receiving and storing information relevant to the market, said relevant information comprising;

equipment information, comprising equipment technical specifications and equipment activity information; and

market participant information, comprising participant identification information and participant market activities information;

computer readable program code for selectively retrieving information from the database in response to input queries from one or more of the market participants;

computer readable program code for selectively receiving information from market participants and storing the information in the relational database as private information or public information in a relational database in an electronic storage medium, wherein the internet based knowledge base system assigns the private information an unique requirements reference number; and

computer readable program code for enabling the market participant to receive public and private information about availability of equipment and needs for equipment, wherein the program code automatically generates real time reports on a fixed time interval.

8. The system of claim 7 wherein the equipment comprises drilling rigs for drilling in underwater formations and wherein the equipment technical specifications and equipment activity information comprises data comprises rig performance information selected from the group comprising well specifications, well location, water depth, drilled depth, well angle, hole size, casing design, mud type, displacement, mechanical details, rig name, operator, hole problem incidents, health, safety and environment (HSE) incidents, lost time incidents, downtime incidents, drilling costs, downtime, flat time and total time, stratigraphic description and stratigraphic penetration indices.

9. The system of claim 8 wherein the equipment technical specifications and equipment activity include mechanical specifications, type of equipment, equipment owner, equipment contractor, current equipment activity, current equipment status, equipment availability date, equipment ownership history, and equipment technical upgrade history.