events, press and some insights from kwantis team
kwantis is extending ID3 functionalities providing an enterprise Data Hub capable of acting as a single entry point for all digital data coming from the drilling field. ID3 Data Hub has been configured for a major Oil&Gas client, feeding real-time machine learning models for failure prediction with a full integration with Company Hadoop-based data lake.
ID3
kwantis renewed the collaboration with Enereco, providing an Integrated Cost & Schedule Risk Analysis on a major field development in Middle East. An intense workshop, together with a major European oil Company, allowed to highlight main project risks, define accurate cost estimations and drive the mitigation plan to secure project objectives.
A publication about Riskturn solution for Upstream Portfolio Management is available in the last Technical Bulletin of Society of Petroleum Engineers (SPE) - Italian Section. The solution provides a complete assessment of single assets and portfolio of assets, including all fiscal models specific to the Oil & Gas Industry. Riskturn is distributed in 3 versions: Investment Evaluation, Enterprise Risk Management, and Upstream Portfolio. Stay updated!
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On Thursday 28 March, kwantis will present an application of Riskturn at the #OMC2019 conference in Ravenna. The presentation will be about "An innovative approach for portfolio analysis and investment decisions in the Oil and Gas industry". Looking forward to meeting you there!
Read about Kwantis new publication on the last Technical Bulletin of Society of Petroleum Engineers (SPE) - Italian Section. Inside, you can find some hints and techniques on risk management and how to manage uncertainties with a quantitative approach.
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A major Drilling Contractor has selected ID3 (Integrated Drilling Data Discovery) to monitor the performance of its Onshore activities. ID3 is providing a Reporting Module (IADC compliant), a Current Performance Module for real time analytics and a Multi Rig Module for the benchmark of several rigs on detailed KPIs. ID3 is the backbone of the digitalisation process, gathering, consolidating and analysing all data form the field.
ID3 website
kwantis is delivering a training on the software ID3 (Integrated Drilling Data Discovery) in Cairo, Egypt. Thanks to the best user-friendliness for a drilling analytical tool, with just one day of practical exercises the drilling engineers are able to measure and optimize the performance of their wells and identify actions to improve the engineering process.
ID3 website
kwantis together with its partner Techedge is developing a web application for the pre-feasibility evaluation of Extended Reach Wells. The analytical model is engineered together with the R&D department of an International Oil Company and it is aimed at investigating the presence of main ERW drilling issues, such as excessive torque, hole cleaning problems, drill string failures, and obtain valuable advices in terms of the adoption of Best Available Technologies and Practices.
kwantis is pleased to welcome a new consultant, Vahid Heidari. Vahid, Iranian, has a MSc in Computer Science and Engineering and previous experiences in Machine Learning and developing IT solutions for the oil&gas sector.
kwantis is currently working with a major European oil company, on the improvement of kwantis' performance tool ID3 to manage G&G (Geology and Geophysics) data for analytics and reporting. New data packages will include LWD (Logging While Drilling), MWD (Measurement While Drilling) and other sources of drilling data.
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