Photo - RigCode
56480

RigCode

100% Cloud based drilling optimization software with AI

Serbia
Market: Internet and IT, Consulting, Petroleum refining, Other, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 10.03.2022
Go to the owner's profile
1
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

Cloud based software solution for drilling optimization and performance improvement. Deep learning component with implicit mathematical models predicting and controlling drilling operations.

Current Status

Working product with option to be upgraded to real time and automated drilling process (this is under development).
We have just finalized field tests of our software solution and distribution contract for North African region is signed with local partner.C

Problem or Opportunity

Oil and gas companies are looking for the most cost effective and reliable digital solution for well planning and drilling optimization.
As oil, gas and geothermal drilling operations are the most expensive part of entire process of exploration and production clients are looking for cloud based software solution with AI component (up to now there was nothing like that in the market).

Solution (product or service)

Mathematical models with AI component using sensor data from embedded machines to create accurate, real-time simulations of drilling parameters. These models allow for intelligent structural assessments and analyzes, with actionable insights into machine control system.

Business model

Selling annual licenses for software package with/without onsite engineering & advisory support

Team or Management

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility755
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation