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Well planning transformed through collaborative software package and artificial intelligence (AI)

Project Summary

Typical well operations utilise multiple applications and various modes of communication across operator, rig contractors and service company interfaces. These systems have little cross-linkage and lack data sharing. Data requires manual duplication and valuable lessons learnt can be lost. In addition to this, the process is very time consuming. The combination of these effects results in increased cost and risk.

In order to transform well planning, NZTC supported a project which looks at the application of Evoilve to well design/abandonment with continuous data flow through planning and operations plus analysis of lessons learned using artificial intelligence (AI).

Industry value:
Evoilve’s COLLAB software provides a focussed and centralised arena for the engineer to streamline well planning and operation by reducing the administrative burden associated with back-to-back, high paced, varied well operations so that time can be better spent engineering solutions. By focussing on the well programme and taking the whiteboard to the web, the goal of COLLAB is to transform well planning and reporting by embracing the digital transformation that has swept other industrial sectors, bridging across communication gaps and providing a central platform for data input.

Fewer cost overruns, fewer failures during execution and enabling continued learning in a structured and integrated manner could transform the industry.

Key results:
The project connected Evoilve with an appropriate industry partner who evaluated COLLAB in an interactive workshop.

This project phase determined the suitability for further development. Industry feedback has resulted in an updated version of COLLAB, which in turn has increased interest in the product – pushing the team closer to commercialisation.

Lessons learned / Next steps: 
It is hoped to further refine the product through additional industry collaboration.

Let's work together

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