Patent ID: 9269199
Filing Date: 2016-02-23
CPC Classification: E21B,G06F,G07C

Claim Text:
1. A method of monitoring downhole assets, comprising: (a) providing a system including at least one electronic tag containing a unique identification code, at least one reader, at least one downhole monitoring package, and at least one force measuring device; (b) assembling a downhole asset in a first environment; (c) measuring one or more forces applied to the downhole asset during assembly of the downhole asset with the at least one force measuring device; (d) associating the at least one electronic tag and the at least one downhole monitoring package with the downhole asset; (e) interrogating the at least one electronic tag for the unique identification code using the at least one reader; (f) storing in a database configuration information of the downhole asset, the configuration information comprising the unique identification code, and a service life of the downhole asset that is determined from the measurement of the one or more forces applied to the downhole asset during assembly of the downhole asset in the first environment; (g) measuring and recording one or more parameters related to usage of the downhole asset in a second environment using the at least one downhole monitoring package; and (h) displaying a remainder of the service life of the downhole asset determined by reducing the service life stored in the database by an amount proportional to usage of the downhole asset as indicated by the record of the one or more parameters related to usage of the downhole asset in the second environment.