events, press and some insights from kwantis team
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.
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.
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.
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 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.
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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 ).
kwantis is pleased to welcome a new consultant, Alessandro Vetere. Alessandro, Italian, has a MSc in Computer Science and Engineering and previous experience in a R&D project on predictive analysis.
kwantis, thanks to its strong R&D commitment and the high skill set of its people, has been admitted by the Italian Government in the directory of Innovative SMEs. Thanks to this recognition, our Italian clients will benefit from a set of tax advantages on their R&D activities.
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kwantis presented a paper at the AICE (Association of Italian Cost Engineers) entitled "The Quantitative Evaluation of Risks As A Key Success Factor For Investment Projects". This article presents the innovative approach supported by Riskturn.com solution to perform a risk-based cash flow evaluation.
Read the paper
kwantis initiated a collaboration with Pakistan Petroleum Limited, the pioneer of the natural gas industry in Pakistan and producer of about 20 percent of the country's total natural gas supplies besides producing crude oil, Natural Gas Liquid and Liquefied Petroleum Gas. The project regards the implementation of a process to evaluate the risks and the performance of the drilling activities.
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SUMMARY
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GENERAL
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