Offshore staff
SANDNES, Norway – eDrilling has secured funding through the Research Council of Norway’s DEMO 2000 program.
The company will investigate how its AI, machine learning and predictive analytics software for well construction and drilling operations can be applied to existing infrastructure.
Goals include addressing cost savings needed for field-life extensions and helping the industry in Norway achieve sustainability and carbon emission targets.
Sven Inge Ødegaard, COO and head of eDrilling Research, said: “Re-using rigs and perfectly usable drilling-related equipment will make a significant initial saving by removing the need for the energy locked into new build materials and manufacturing.
“We have not calculated the tons of carbon dioxide (CO2) savings per rig, but it is compelling.
“Moreover…our technologies have a substantial impact on operational CO2, as leveraging AI and predictive analytics software results in less time per well – both performance optimization, and the avoidance of non-geological incidents causing the need for drilling of side tracks.”
The DEMO 2000 program promotes collaboration between the Norwegian supplier industry and the oil and gas industry to foster development and application of new technologies that can reduce the cost of activities on the Norwegian continental shelf; increase recovery rates; cut greenhouse gas emission; and lead to HSE improvements.
10/06/2020
