As an unexpected failure of rig equipment can have such catastrophic implications we are often overly conservative in our replacement of fatigue sensitive hardware, our use of multiple systems in less efficient configurations and our use of conservative design practices. As a result we may be less efficient than we could be. In this session we look at how better models enable a reduction in replacement rate of drill line, new and novel energy storage system reduces diesel consumption and emissions while electrification can improve the accuracy and effectiveness of our BOPs without impacting our safety and integrity.