events, press and some insights from kwantis team
Kwantis participated to the SPE Virtual Workshop "Petroleum Economics - Solution Provider to Game Changer", presenting a case study dealing with the decision-making process for portfolio management in un uncertain environment. The risk-based approach is supported by Riskturn a powerful kwantis software to perform probabilistic evaluation of single assets and portfolio of multiple assets.
Riskturn
kwantis is pleased to welcome a new colleague, Gerson Enriquez. Gerson, Peruvian, has a BSc in Computer Science and Engineering and a previous experience in front end and back end development in consultancy.
Now all fluids data (volumes, rheology, mud properties, chemical consumption) can be managed by ID3 - Integrated Drilling Data Discovery, kwantis solution for drilling optimization. Easy collection: direct data gathering from the rig site through WITSML stream. Quality and consistency checks: secured data consolidation in an unique database. User-friendly analysis: data available in your favourite ID3 dashboard.
ID3
kwantis engineers went on rigs sites in Saudi Arabia and Kuwait to install ID3 solution for rig operations real time performance monitoring. In one day per rig, the installation provided installation of dedicated hardware, deployment of the software, connection to rig sensor converter and finally onsite training to the rig crew, so they can immediately make the best of ID3 edge analytics to improve performance, reducing Invisible Lost Time and Non Productive Time.
ID3 Real Time Performance
Kwantis is celebrating its 10th anniversary, proud of its achievements: 10 years of great collaboration with a flourishing team of young and enthusiast engineers 10 years of trustable and long-term commitments with its clients, major corporations worldwide10 years of innovation, especially with the success of its software ID3-Integrated Drilling Data Discovery and Riskturn.
Kwantis has been awarded a contract for the deployment of ID3, its advanced drilling performance monitoring solution, for another of the top 10 largest Oil Company. This is the result of the constant innovation of ID3 as well as its unique approach for integrating and processing multi-source data and provide advanced analytics, as a key element of field digitalization.
ID3 - Integrated Drilling Data Discovery
Due to the recent developments in the digital sector, the drilling industry is now at the turning point where the "data quality" issue must be finally tackled and solved. kwantis is working with a major Drilling Operator in the implementation of a comprehensive system dedicated to measure the quality of all incoming real time data by means of relevant KPIs. The applications allows to monitor the results in real-time, in order to prompt a fast reaction should any data-quality problems appear. Know more about our solutions and services on data management.
Data management servicesWe at kwantis want you to know that, during this unprecedented time, we are taking all of the necessary steps to ensure the health and well-being of our team while continuing to remain fully operational. We understand that our customers rely on our solutions (id3 and Riskturn) to make complex decisions, and we are committed to making sure that all our services remains available.
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.
KWANTIS - COPYRIGHT NOTES
All ownership rights pertaining to the information and material contained on this website, including but not limited to the kwantis name, logos, trademark, graphics, images, multimedia contents, files, documents and other content, are owned or have been duly licensed by kwantis S.r.l. with all rights reserved. Unless otherwise specifically designated, kwantis is the unique owner of all intellectual property rights to this website and all its contents.KWANTIS - PRIVACY POLICY
SUMMARY
We make no effort to identify public users of our site. No identifying data is disclosed to any third party for any purpose. Data that we collect is used only for site administration and researching the efficacy of our tools.
GENERAL
This statement describes how personal data of public users of our website kwantis.com are eventually collected.
This statement is given in accordance with article 13 of Italian legislative decree n. 196/2003 concerning the handling of personal data.
This statement applies only for the website kwantis.com - and not for other sites that might be reached by the user by following links to contents external to kwantis.com.
DATA CONTROLLER
The "controller" of the users' data as defined by the l.d. 196/2003 is the CEO (Amministratore Delegato) of kwantis S.r.l., based in Milan (Italy), Piazza Quattro Novembre, 7 - 20124.
DATA COLLECTION
All data are processed by kwantis S.r.l., and are not disclosed to any third party for any purpose.
Personal data (such as name, email address, and other personal data voluntarily given by the sender) of users who request various material and/or information (such as marketing brochures, company information, answers to technical and commercial enquiries, etc.) are used only to expedite the user's request.
TYPES OF DATA
Our website functionality relies on Information Technology systems and software that collect users' navigation data. This data collection is indeed implicit in the most common Internet communication protocols.
As is typical, we log http requests to our server. This means that we know the originating IP (e.g. 18.29.0.1) address of a user agent requesting a URL, the timestamp of the requests, the request method, and other parameters such as the operating system of the user. This data is only used for administration and researching the efficacy of our tools.
We do not log the specific identity of visitors. We occasionally analyse the log files to determine which files are most requested. We do not use technologies such as cookies to maintain any information on users. Session cookies could be generated in order to allow protected and efficient navigation on our website.
DATA PROCESSING METHODS
Logged information is kept indefinitely as admistrative and research material, not disclosed outside of kwantis organization. Aggregate (completely non-identifying) statistics generated from these logs may be reported as part of research results.
DATA SUBJECT’S RIGHTS
Users have the right to obtain confirmation as to whether or not personal data concerning him exist, and has the right to obtain updating, rectification or, where interested therein, integration of the data. Furthermore, the cancellation of unlawfully completed data can be required, and all further rights (in accordance with article 7 of Legislative Decree 196/2003) regarding establishment of contact with the retainer of the data (kwantis S.r.l.) may be exercised. Such requests will have to be directed to the kwantis data controller.
