news

events, press and some insights from kwantis team

Riskturn used for EBIT at Risk calculation

Riskturn used for EBIT at Risk calculation

Kwantis and its IT Partner Techedge are implementing their common solution Riskturn for a world leading tyre manufacturer. The purpose of Riskturn is to support the listed company to calculate EBIT at Risk and Return on Sales at Risk, thanks to its powerful and cloud engine for Monte Carlo simulation.


Riskturn
Tender bidding optimization model

Tender bidding optimization model

Kwantis has developed a bidding optimizing model for a major energy service and contracting company in Middle East. This innovative and replicable model calculates the best price mix according to a number of objectives, constraints and variables related to each tender bid, maximizing the operating margin and the delivery of goods and services.

Kwantis joins Energistics

Kwantis joins Energistics

Demonstrating the company's commitment to efficient oil and gas data management, kwantis joined Energistics, a global consortium that facilitates the development, management and adoption of data exchange standards for the upstream oil and gas industry. kwantis solution ID3, able to calculate automatically a set of accurate KPIs for all drilling and completion operations, is compliant with Energistics standard WITSML.


kwantis on Energistics
kwantis on Il Sole 24 Ore

kwantis on Il Sole 24 Ore

Read about Kwantis innovative approach in today's publication of Il Sole24Ore (main financial newspaper in Italy).
It is described how Riskturn and id3 solutions are re-inventing strategic planning and performance management.


Read the article
SPE Interview on Job & Energy Market

SPE Interview on Job & Energy Market

kwantis has been invited by Spe Italy (Society of Petroleum Engineers) and Politecnico di Milano to a panel discussion on Petroleum & Energy job Market, with 3 former students (from kwantis, Eni and a postdoc of Politecnico) sharing their educational and working experience with near-graduates. Alessandro from kwantis had the opportunity to share his experience on the development of innovative solutions (ID3 and Riskturn) for the industry.

Offshore Drilling Risk Assessment

Offshore Drilling Risk Assessment

kwantis is supporting a major European oil company to define methodologies and tools to comply with the Directive 2013/30/UE, in terms of risk assessment during drilling and completion operations. The objective of the project is to define a standardized method to calculate blowout risk through fault trees and to draw synthetic bow-ties to display the preventive and mitigative actions.

New Collaboration in the Naval Industry

New Collaboration in the Naval Industry

kwantis started a collaboration with a leading French industrial group specialized in naval, defense, energy and marine infrastructures, in order to provide Risk Management Services.

Automatic Decline Curve Analysis

Automatic Decline Curve Analysis

kwantis started an innovative project to automatically calculate the decline curve of producing oil&gas fields on a probabilistic basis. This system will help the definition of an accurate production budget and the standardization of the calculation process.

kwantis published an article on JPT

kwantis published an article on JPT

kwantis published an article on the February issue of JPT (Journal of Petroleum Technology). The article describes how the increased quantity of data available during the drilling activities managed through advanced solutions such as ID3 - Integrated Drilling Data Discovery, can improve the performance of the drilling operations.


Read the article
kwantis partnership with EFTECH

kwantis partnership with EFTECH

kwantis is pleased to announce a technical and commercial partnership with EFTECH to distribute and support kwantis solutions. EFTECH is a provider of integrated services to the energy industry in South-East Asia. kwantis develops and provides innovative solutions to better manage performance ( ID3 ) and risks ( RISKTURN ).