Artificial Intelligence Software Aids Decision-Making in Onshore Drilling
In 2010, the company received an infusion of investment due to Verdande’s success with stuck pipe solutions. That same year, the company opened its Houston office, which houses the sales and operations arm for the group.
Since 2010, the company has developed case-based reasoning for other challenges operators may face in drilling, such as twisting off. Over the past three and a half years, the company has created six new case-based reasoning solutions.
Verdande has used its analysis to build a case library. At this time, the start case library consists of an average of two cases per problem area, which is 17, but this number changes as Verdande builds more robust generalized cases or adds new problem areas. Wade believes these cases can be deployed on any given well, and the behavior will be accurate enough to alert someone to a potential problem. A case has multiple events, or symptoms, said Wade. Each event is generated by an algorithm captured by a case.
Case-based reasoning applications are being used in other industries, Verdande is the sole owner of the intellectual property for case-based reasoning for oil and gas, Wade noted.
Though it’s targeting the onshore and offshore drilling markets, Wade believes Verdande’s case-based reasoning software is a better fit with land operators at this time due to the lower margins in operations that operators can risk, lower level of services and greater need for economies of scale.
“Land-based operations have not typically required the same amount of advanced to ultra-advanced solutions that deepwater uses,” Wade noted. “However, this is changing with greater use of rotary steerable assemblies in unconventional plays, as well as greater overall automation process and uptake of technology like ours.
“I think we are one of the companies influencing this sea change,” Wade commented.
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