Archive
29 articles · page 2 of 3
Drilling
International Oil Gas Producers statistics state that human errors are the top contributors to many incidents, accounting up to 80% of causes of loss of well control. Assessing human error probabilities is noted to be a hard area to tackle, and margins of improvement can be significative.
Project risk management
The new version of RISKTURN, kwantis and Techedge financial management software, has just been released. One of the main upgrade is the new Landing Page, a brand new graphic about the duality of Riskturn environment, composed by the Configuration, where the user defines the structure of the financial model, and the…
Automation of Drilling Performance Analysis
A European renewable energy company has chosen ID3 solution to track, monitor and optimize their innovative geothermal drilling operations. The ID3 Reporting Module is available for compiling, reviewing, and reporting rig activities and comes with a full variety of pre-made reports.
Automation of Drilling Performance Analysis
id3 Software, kwantis flagship product for drilling performance optimization, has been successfully installed at a large National Oil Company in the Middle East. The new version of id3 will enable the company to increase resource efficiency by reducing ILTs and improving operational performance and environmental…
Automation of Drilling Performance Analysis
id3, kwantis flagship product for drilling performance analysis, has improved its data analytics capabilities with a brand-new version of id3 Multi-Well Benchmark https://id3.kwantis.com/multirig.html.
Processes digitalization
Transition to cloud is currently a hot topic in the industry. Kwantis, thanks to the expertise of its Digital Lab, started a collaboration with a new client to migrate a legacy application to a cloud platform, increasing its scalability and availability.
Processes digitalization
Kwantis recently started a new project for a major oil company implementing a system able to process production data and store them in a Corporate Database, compliant with the PRODML international standard.
Processes digitalization
Kwantis is supporting an Integrated Energy Company on a GAP analysis between current technical computing standards and operations. The objective of the project is to provide new ideas to improve the current operative workflow, in a continuous effort towards digitalization of processes and systems.
Automation of Drilling Performance Analysis
One of the world’s largest rig contractors is renewing his confidence in id3 – integrated drilling data discovery. id3 is the forefront of the rigs digitization process, through the integration of advanced solutions for operations reporting, real time rig sensors monitoring, predictive analytics and overall data…
Processes digitalization
The definitive wellhead coordinates, the directional drilling survey and the definitive bottomhole coordinates are crucial data to confirm the exact wellhead and bottomhole locations and to compute the final well trajectory.
Drilling
Kwantis, in line with the context of growing energy demand and emission reduction, recently developed a new risk assessment for a major oil company. The objective is to measure the integrity loss probability for both legacy and new wells for a wide set of well operations, including H 2 , CO 2 and gas storage.
Drilling
Kwantis is co-author of a paper presented at IPTC2022 conference in Saudi Arabia, related to blowout probability reduction given by the application of K-BOS technology on drilling and completion operations.