Towards a new energy paradigm
This client was a global energy company with a long-term vision to play a key role in the transition towards a sustainable, low-carbon future. This transition necessitates the reduction of oil exploration activities around the world, particularly the extraction of large amounts of rock from the ground.
By applying innovative algorithms to drilling data and chemical-physical analyses of core plugs, we assessed the possibility of testing for the presence of oil or natural gas at specific well depths without performing core extractions, which are inefficient, expensive and dangerous.
Artificial intelligence algorithms applied to subsurface geology
In order to reduce the use of core extractions at drilled wells, it is necessary to identify meaningful geological patterns from wireline data.
Machine learning and artificial intelligence algorithms proved to be valuable in the fields of tabular data and image analysis. Energy companies must respond to innovation and apply cutting-edge methods, such as image alignment, depth matching, missing core fragment reconstruction, and the recognition of patterns in geologic images, in order to solve domain specific problems.
Nextbit has been hired to solve daunting and complex business problems in the oil and gas industry, and we have never failed to implement effective solutions.
towards the future
Working toward sustainable energy development
The major oil companies in the world are adopting strategies based on a circular economy model. Such approaches allow for sustainable energy development while also protecting the natural environment.
The long-term goal of attaining business sustainability in a low-carbon economy must be based on industrial-scale innovation on the economic, environmental and technical-operational levels.
The introduction of artificial intelligence algorithms to support automated technical operations is likely to play a central role in this innovation process. Nextbit has been working for years to address challenging problems in the field of subsurface geology, such as deducing missing core properties from available data, recognizing features and virtually rebuilding damaged or missing parts of the core.
Find out how Nextbit can empower your team today
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