Energy

AI-powered well optimisation

Key facts

typically80%reduction in equipment failures
Next Steps
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Top business benefits

Cuts pump failures

Lowers maintenance costs

Increases pump productivity

AI-powered predictive and prescriptive well-optimisation analytics system.

In more detail

Full description

With tough environmental and sustainability targets to meet, oil operators are increasingly focused on maximising well productivity at minimum economic and environmental cost. This AI-powered well-optimisation system uses predictive and prescriptive analytics to optimise well production. Collecting data from smart sensors, it recognises and predicts issues.

These include: well anomalies; wellhead leaks; surface anomalies; and, gas interference. As production continues, the system constantly analyses performance and calculates optimal parameters. This includes: optimising pump strokes; avoiding overpumping or underpumping; identifying sticking pumps; optimising chemical treatments; and predicting downhole failures. This solution reduces pump failures, cuts maintenance costs and increases pump efficiency and productivity.

The challenge

With tough environmental and sustainability targets to meet, oil operators are increasingly focused on maximising well productivity at minimum economic and environmental cost. They are constantly looking for ways to improve pump efficiency and reduce pump failures. This AI-powered well-optimisation system uses predictive and prescriptive analytics to optimise well production. Collecting data from smart sensors, it recognises and predicts issues.

These include: well anomalies; wellhead leaks; surface anomalies; and, gas interference. As production continues, the system constantly analyses performance and calculates optimal parameters. This includes: optimising pump strokes; avoiding overpumping or underpumping; identifying sticking pumps; optimising chemical treatments; and predicting downhole failures. This solution reduces pump failures, cuts maintenance costs and increases pump efficiency and productivity.

The approach

This AI-powered well-optimisation system uses predictive and prescriptive analytics to optimise well production. Collecting data from smart sensors, it recognises and predicts issues. These include: well anomalies; wellhead leaks; surface anomalies; and, gas interference. As production continues, the system constantly analyses performance and calculates optimal parameters.

This includes: optimising pump strokes; avoiding overpumping or underpumping; identifying sticking pumps; optimising chemical treatments; and predicting downhole failures. This solution reduces pump failures, cuts maintenance costs and increases pump efficiency and productivity.

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2022 Globee Award Winner

A bronze award in the 'Startup of the Year: Business Services' category