Oil and Gas Software Solutions

For a large mining player, we served as an oil and gas software solution company to develop an analytics solution that leverages high-precision GPS data collected from mining vehicles and used distinctive statistical signatures to identify and evaluate factors that contribute to unsafe practices and erratic operator behaviors. This resulted in $13 million in savings per mine.

By analyzing vast amounts of data oil and gas companies can increase reservoir performance, well optimization, price forecasting and profitability; reduce downtime by identifying equipment failures before they occur; ensure efficient use of resources, such as transport and personnel, through forecasting demand and supply; and identify hazards and compliance issues to preserve safety and maintain regulatory requirements.

With digital twin technology, you get a real-time, data-driven replica of your physical assets, operations or systems. This opens the door to real-time operational visibility, predictive maintenance, optimized production, digital workforce enablement and more. For instance, you can simulate different operating scenarios to optimize processes, collect real-time data from sensors for continuous information about asset performance, perform what-if analysis to evaluate the impact of drilling a new well and train operators in virtual rigs to reduce risk.  

Using AI to optimize upstream and downstream processes is about gaining efficiency, safety, cost savings and speed across the entire value chain. On the upstream front, that includes analyzing geological datasets to identify optimal drilling locations, managing inventory for your supply chain, and identifying energy efficiency opportunities to support sustainability efforts. Downstream optimization puts AI’s real-time data analysis, predictive capabilities and automation to work in areas such as improving product yield and quality by optimizing refining operations, driving quality control with better monitoring of processes, and using data-driven insights for product pricing and sales strategies.