- Drilling performance optimization – multivariate, multidimensional, stochastic analytics
- NPT Reduction: ROP Optimization using well-to-well correlations
- Well Advisor based on NLP
- Well Cost Optimizer
- Digitization of well log and regenerating missing log curves
- Predicting the ‘Time to Failure’ of the progressive cavity pump
- Managing well integrity – tubing failure prediction and corrosion inhibitor optimization
- Early warning system for hurricane and evacuation of offshore crew
- Drones for offshore platform inspection
- Indexing seismic data files and seismic section images to improve searchability
Navigating Industry Fluctuations
The oil and gas industry has always felt immense fluctuations, whether from oil prices themselves or from extremes in both supply and demand. With these ongoing concerns, the industry is also under constant pressure to reduce operating expenses. These forces give leading oil and gas companies the incentive to harness the power of AI to radically change business practices, operating models, and investment strategies.
Industry Gaps
Service Offerings
Our AI service offerings include:
Exploration and Production
Manufacturing
- Neural networks and Monte Carlo simulation to move refinery planning from deterministic GRM to probabilistic GRM
- Maximum Possible Production – Refinery and Petrochemical Heat Exchanger Fouling Prediction – Example Crude Preheater
- Defining the operating envelope of cracked gas compressor / centrifugal compressor failure prediction - cracked gas compressor for ethylene plant
- Crude Assay Prediction using AI
- Ethylene furnace yield optimization
- Desalter efficiency improvement
- Image and video analytics for unsafe acts and practices
Retail and Marketing for B2B/B2C
- Retail marketing analytic
- Retail planning and demand management
- Retail dynamic pricing
- Churn analysis
- Affinity analysis
Lubes
- Lubricant traceability and product authentication
- Additives optimization AI tool
- AI-enabled lubes scheduling
- Lubricant business model disruption from product sale to services
- AI-enabled social media analytics
Solutions
Drilling Performance Optimization
While the upstream sector generates enormous volumes of high-frequency data about production, it isn't easy to factor in such data to optimize performance. Our drilling performance optimization model leverages AI's power to reduce NPT and increase output from optimal well placement through efficient and standardized reproduction of the scattered data.
Neural Networks and Monte Carlo Simulation
The present refinery planning process does not input relevant historical market data, which presents a considerable gap between planned and actual GRM. Our AI-first solution helps consider relevant factors like contingency, events, and refinery conditions to input into Aspen PIMS, a trusted planning software solution for optimizing operations. This helps refineries achieve a probabilistic GRM and a more predictable cash flow.
Heat Exchanger Fouling Prediction
Heat exchanger fouling increases energy costs and the risk of tube failure, while the dependency on manual monitoring hampers availability. Our AI-based fouling prediction model stores cleaning records for heat exchanger cleaning and other variables to minimize energy loss and product slippage through timely alerts. The intervention also helps improve availability.
Retail Dynamic Pricing
Traditional pricing mechanisms lack a customer-centric approach and ignore applicable consumer buying behavior. Our Retail Dynamic Pricing Model uses AI to compute optimal fuel costs for retail. This incentivizes the customer to save on fuel bills while businesses get insights to increase profits.
Solutions Benefits
Drilling Performance Optimization
Achieve NPT optimization by 8 to 10% and drilling cost variance by 5 to 10%. Increase production with optimal well placement.
Neural Networks and Monte Carlo Simulation
Leverage contingency, past patterns, and refinery condition for input to Aspen PIMS. Gain probabilistic GRM and improve GRM potential to help predict cash flow.
Heat Exchanger Fouling Prediction
Minimize energy costs in the refinery by about 30%. Aid in the reduction of product slippage/loss and avoiding tube ruptures from localized heating by timely intervention.
Retail Dynamic Pricing
Optimize revenue by 10 to 12%, reduce the cost of operation, and improve profitability by 1 to 2%. Customers can save on fuel bills and added incentives and business gains insights to plan ahead.
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