Seeking new colleagues at our APAC office in Singapore

We are expanding rapidly, and we are looking for great people to join our team in Singapore.  We are looking for people who are passionate about how new technology can improve how people and organizations live and work.  eDrilling is a software company, that through artificial intelligence, machine learning, predictive analytics, and digital twin technologies, represent a paradigm shift in well construction and drilling operations in the energy industry.

Interested?  Send an email to info@edrilling.no, with a link to your LinkedIn page.  We would love to hear from you.

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Webinar: Upgrade your well design and engineering software without having to replace it

 

We understand clearly the industry’s need to improve safety margins and reduce and rid themselves of risk, not to talk about the need to drastically reduce well planning time.

At the same time, we understand the investment you have done over the years (time, money, competence, etc.) in your legacy planning solutions, and the pain (cost, competence, workforce, etc) of replacing it with software that can help you with the above.

By offering our technologies as microservices, you now have a solution. eDrilling’s wellPlanner offer instant modernization of your legacy well planning and well design systems, while at the same time extending the value of your existing investments.

Attend this webinar to learn more about how to balance your need for continuity and cost savings with the objective of implementing a well planning solution that really enhances drilling operation efficiency

If you are interested in joining our 30 minute webinar on October 24, please register here.

The webinar is for everyone interested in quicker and better quality drilling programs (well engineering managers, well/drilling engineers, etc.), and saving time and cost on well planning (CIOs, CTOs, everybody)

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Interview eDrilling COO on Digital Twin and Platform January 2017

Interview eDrilling COO on Digital Twin and Platform January 2017

Digital this and digital that.  These are indeed exciting times for the oil and gas industry.  It is early days yet in 2018, but there’s growing optimism around.  Especially for those involved in digitalisation of the industry.  We sat down with eDrilling’s COO, Sven Inge Odegaard, to hear his view on the topics of digital twin and platform.

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As one of the co-founders of eDrilling, 2018 is a special year for you?

–  I guess so. This year our technologies turn 25, and our company 10 years.  And since our first digital twin back in 2008, we have now passed 100 digital twins.

Digital Twin –  Doesn’t everybody have one?

–  Unfortunately, for the oil and gas industry, yet not. Introduced by Michael Grieves at the University of Michigan in 2003, in oil and gas drilling it means the digital representation of the physical downhole reality.  Most service companies say they offer it, but, as for now, it is seldom more than a rebranding of what they’ve already had for a while.

What are the benefits?

– I often refer to Formula 1 racing to explain, especially at the CXO level.  A Formula 1 team uses data from hundreds of sensors wired in the car, harnessing data and using algorithms to make projections about what’s ahead, and apply complex computer models to relay optimal race strategies back to the driver. Ultimately, to drive faster and safer.

In our industry, having a digital twin of your well, pairing digital and physical data combined with predictive analytics and diagnostics, improves accuracy in decision making and results in real, and lasting, safety and efficiency gains.

With obvious benefits like these – how come it is not yet implemented industry-wide?

–  Well, I guess several factors.  For one, some are mistaking digitization for digitalization.  Whereas digitization is the process of converting information into a digital format, digitalization is about using new technologies to plan, prepare for, and drill smarter for better and cheaper operations and do things that was not possible before. The former is a tech project, and the ladder is a change project.

Moreover, on the boards and drill floors of E&P companies, there is still a majority of digital immigrants.  Digitalization is a company-wide transformation – you need everyone from the board to the drill floor – and anyone in between – onboard to be successful.

In your view, what characterizes those successful employing a digital twin in their drilling operations?

–  Two things, really.  Firstly, they think about the well life cycle as one continuous process – and adopt and adapt technologies and workstreams accordingly.  Secondly, they tear down the silos.  Internal silos, but also the various “islands” of service companies, involved in drilling operations.  From planning, through preparation and training, to actual drilling of the well.

In short, they are thinking platform.  Think of it as Windows, or an Amazon Marketplace, of drilling.  By incentivizing, or forcing, the ecosystem to create and integrate Application Programming Interfaces (APIs).  In stark contrast with the “old” world, where both software and hardware were designed as “black boxes”, intended to lock customers in, and keep competitors and new entrants out.

In layman terms, in a platform world, all members of the ecosystem expose its data and/or capabilities through a programmatically consumable service or an API to other members of the ecosystem.

Indeed, now every service company has launched their platform?

–  Again, I wish it was that easy.  The same way making your data available in the cloud, just creates a big data graveyard in the cloud, if nothing is done with the data, just providing access to the code does not create a platform.

That said, the E&P companies ahead of the curve on digitalization are creating application networks – plug-and-play infrastructures if you like – embracing the next step of applying the company’s wealth of data to optimize the process of drilling a well. Leaving spreadsheets, proprietary software programs, and excess email in their wake.

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