events, press and some insights from kwantis team
kwantis was invited at a digital workshop in Houston to present id3 as a successful application of digitalization in the upstream industry. Over the last 4 years id3 has analyzed more than 25000 days of drilling through more than 400 KPIs calculated in real time.
kwantis team is involved in a project to design and develop an application able to store RESQML file, the standard data format developed by Energistics to support the exchange among software packages used in the subsurface workflows. This solution allows to consolidate all subsurface data in a unique and organized repository, granting traceability of the information and speeding up the exploration and production workflow.
Thanks to its achievements in meeting facilitation and expertise in investment evaluation, kwantis is supporting a major Oil & Gas Company in the definition of a template for board evaluation of strategic investments. The project is following agile methodology involving all key stakeholders in the decision process.
kwantis team gathered in Italy for two days dedicated to team building and innovation. Many smiles, some sport and new ideas accompanied the team while exploring Lamborghini car factory, balsamic vinegar farm and wonderful cities on the hills close to Modena.
kwantis has been selected for the "Open Innovative PMI" prize in the category "Research and Technology". Thank you Grant Thornton for selecting kwantis among the most innovative small-medium enterprises, it is a great result that highlights the commitment of kwantis and its team in delivering innovative solutions for the industry.
Innovation Paper Award for Riskturn methodology at the Megaprojects conference in Italy! Thanks for the opportunity #MeRIT
Kwantis moved into its new offices in downtown Milan. New offices are larger, brighter and more functional to support the growing activities in performance and risk management, thanks to the success of the software solutions id3 and Riskturn. Our new address is: Kwantis SRL Via Santa Sofia, 27 20122 Milan - Italy
kwantis developed a complex model in order to evaluate blowout probabilities and consequences in terms of duration and volume. The stochastic approach considers all possible natural, mechanical and human interventions and allows a more realistic risk assessment. This approach, already applied on several wells of a major European Oil&Gas company, allows to optimize the well design and to speed up the authorization process for new drilling campaigns.
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kwantis performed a comprehensive risk assessment on the extension of a large Central Processing Facility in Middle East. The objective of the analysis is to calculate potential delays and associated contingencies for the budget through Monte Carlo simulation.
kwantis is pleased to welcome a new colleague, Aishwarya Pabbisetti. Aishwarya, Indian, has a MSc in Computer Science and Engineering and previous experiences in software development for major e-commerce websites.
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