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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
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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
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