Energy

IoT-enabled drill technology

Key facts

typically50%fall in new well-drilling time
Next Steps
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Top business benefits

Increases well-drilling speed

Optimises drilling

Increases productivity

Reduces CapEx

IoT-enabled drilling solution that speeds up well drilling.

In more detail

Full description

Typically, operators rely on a mix of manual analysis and multiple software tools to determine the effectiveness, efficiency and accuracy of drilling. This IoT-enabled advanced drilling analytics solution uses well-field data to improve drilling performance and optimise speed to production, cutting well-drilling time by up to 50%. It uses IoT-enabled advanced analytics on data collected from sensors deployed across well fields. It collects data on everything from rates of penetration to RPM on the drill floor. This real-time data is then visualised on a single dashboard and the system compares data from the sensors to adjust the weight on bit and its speed. This enables it to accelerate drilling and optimise the timeline to production. This solution cuts maintenance and overall costs, saves drilling time and ultimately improves production.

The challenge

Typically, operators rely on a mix of manual analysis and multiple software tools to determine the effectiveness, efficiency and accuracy of drilling. These methods are susceptible to human error, expensive and time consuming. They can lead to damaged drill bits, poor drilling accuracy and reduced productivity.

This IoT-enabled advanced drilling analytics solution uses well-field data to improve drilling performance and optimise speed to production, cutting well-drilling time by up to 50%. It uses IoT-enabled advanced analytics on data collected from sensors deployed across well fields. It collects data on everything from rates of penetration to RPM on the drill floor. This real-time data is then visualised on a single dashboard and the system compares data from the sensors to adjust the weight on bit and its speed. This enables it to accelerate drilling and optimise the timeline to production. This solution cuts maintenance and overall costs, saves drilling time and ultimately improves production.

The approach

This IoT-enabled advanced drilling analytics solution uses well-field data to improve drilling performance and optimise speed to production, cutting well-drilling time by up to 50%. It uses IoT-enabled advanced analytics on data collected from sensors deployed across well fields. It collects data on everything from rates of penetration to RPM on the drill floor. This real-time data is then visualised on a single dashboard and the system compares data from the sensors to adjust the weight on bit and its speed. This enables it to accelerate drilling and optimise the timeline to production. This solution cuts maintenance and overall costs, saves drilling time and ultimately improves production.

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2022 Globee Award Winner

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