Abstract: A location of a downhole asset relative to a first environment may be tracked. The configuration information for the downhole asset is acquired, where the configuration information includes a measurement of one or more forces applied to the downhole asset during assembly of the downhole asset in the first environment. A service life of the downhole asset is determined from the configuration information. One or more parameters related to usage of the downhole environment in a second environment are measured. A remainder of the service life of the downhole asset is determined by reducing the service life by an amount proportional to usage of the downhole asset as indicated by the measurement related to usage of the downhole asset. The remaining service life may be used to automatically initiate an order for new parts.

Abstract: A trackable downhole tool includes a tool body having a tag mortise formed therein. The tag mortise has a female dovetail profile. An encapsulated electronic tag is retained in the mortise. The encapsulated electronic tag includes an electronic tag embedded in an encapsulation body. The electronic tag contains or is programmable to contain a unique asset identification code associated with the downhole tool. The encapsulation body has a male dovetail profile that cooperates with the female dovetail to form a dovetail joint that retains the encapsulated electronic tag in the tag mortise.

Abstract: A method of monitoring downhole assets includes tracking a location of a downhole asset relative to a first environment. The configuration information for the downhole asset is acquired, where the configuration information comprises a measurement of one or more forces applied to the downhole asset during assembly of the downhole asset in the first environment. A service life of the downhole asset is determined from the configuration information. One or more parameters related to usage of the downhole environment in a second environment are measured. A remainder of the service life of the downhole asset is determined by reducing the service life by an amount proportional to usage of the downhole asset as indicated by the measurement related to usage of the downhole asset. The remaining service life may be used to automatically initiate an order for new parts. A system of monitoring downhole assets is also disclosed.