Abstract: A smart load pin may be configured to measure a load on a hook of a draw-works system. The smart load pin may also include circuitry to convert the measured load to a digital value representative of the measured load, wherein the digital value represents the value of the measured load in engineering units and to transfer the digital value representative of the measured load to a control system located at a derrick. The data from the smart load pin may be used in adjusting, with a control system, operation of the draw-works system based, at least in part, on the received digital value representative of the measured load.

Abstract: A smart load pin may be configured to measure a load on a hook of a draw-works system. The smart load pin may also include circuitry to convert the measured load to a digital value representative of the measured load, wherein the digital value represents the value of the measured load in engineering units and to transfer the digital value representative of the measured load to a control system located at a derrick. The data from the smart load pin may be used in adjusting, with a control system, operation of the draw-works system based, at least in part, on the received digital value representative of the measured load.

Abstract: A method for identifying compliance of a marine motion-compensated draw-works system's performance with pre-defined performance specifications, includes the steps of: receiving, by a processor, performance data associated with a marine motion-compensated draw-works system; receiving, by the processor, pre-defined performance specifications for the draw-works system; determining, by the processor, whether or not the performance of the draw-works system complies with the pre-defined performance specifications; and outputting, by the processor, a notification when the performance of the draw-works system is determined to not be in compliance with the pre-defined performance specifications.