Optimize Capital Allocation, automate forecasting and improve efficiency
Novi’s is an oil & gas focused machine learning driven cloud based software platform designed to improve economic outcomes and drive efficiency for oil & gas operators and investors.
Turn Data into Better Wells
Novi connects engineering, planning, financial analysis & technology and teams to a single source of data and interactive predictive models, driving focus on improving economic outcomes for oil & gas investments.
FOCUS ON OPTIMIZING ECONOMIC OUTCOMES
Customers use Novi’s software platform to drive well planning & forecasting workflows. Instead of arguing about data, teams work together to optimize returns on well portfolios.
DRIVE EFFICIENCY IN PLANNING WORKFLOWS
Customers leverage Novi software collaboratively across functions, including reservoir, geology, completions & planning. Novi workflows and software eliminate the need for spreadsheet driven type curve scaling.
We Help analytical Teams Make Better Decisions
Novi software combines machine learning algorithms and intuitive web applications designed to help petroleum engineers to drill more profitable wells. Whether your focus is on rate of return, net present value, present value index, or cash payback, Novi’s software can help you get the best return on your capital.
ACCURATE AND FAST PER WELL TYPE CURVES
Type curves drive oil & gas operator decision making – production forecasting, reserves estimation, and investment decisions. They need to be accurate and fast. The Novi solution uses predictive analytics built on oil & gas data to drive dynamic per-well type curves for oil, gas, condensate and water that scale automatically for completion designs and spacing considerations. With Novi, you can optimize well designs on a per-well, per-pad or asset level.
Use All of the Data to Drive Decisions
Oil & Gas data needed for analysis is spread across different systems and typically difficult to consolidate. Each variable could have a different impact on each well, so it is necessary to get all the data together. Novi’s modeling workflow optimizes dataset creation allowing Novi models to capture complex non-linear and non-parametric data relationships
This allows approach allows each well’s performance prediction to be based on the unique attributes of its location, spacing, and proposed completion design data. With Novi’s predictive models, you can push the efficient frontier of well design and increase the pace of innovation.
Evaluate INVESTMENT Decisions iN Real-Time
Use Novi’s dynamic type curves to create economic models that help optimize a well portfolio or net asset value, one well at a time. With Novi, you can:
- Test sensitivity to different strip pricing expectations.
- Get recommended completion design parameters for each well to optimize economic outcome.
- Create economic projections that model well, pad, package or portfolio level options.
- Evaluate hundreds of scenarios in a single day to determine the best economic return for your organization.
- Immediately understand how acquisitions or divestitures might create accretive value.
How Novi Works
Novi builds machine learning software that predicts future well performance and creates insights.
Technology and Oil & Gas Expertise
Novi’s well planning platform integrates cloud computing, machine learning, battle tested best practices, and a relentless approach to product innovation.
State-of-the-Art AI and Cloud Technologies
Unlike other software vendors who claim to leverage artificial intelligence, Novi is leading by example. Our software incorporates true AI and machine learning algorithms to automate data analysis and high-grade optimal well planning recommendations. Novi’s software is available on an annual subscription basis and includes a highly collaborative support model designed to drive sustainable competitive advantage for our customers. Novi delivers software as a service (SaaS), enabling secure cloud collaboration for everyone on your team.
Relentlessly Driving Continuous Innovation
Every day analytical teams encounter unique challenges as economics constantly shift. Solving for well planning complexities is a moving target, which is why Novi has assembled the foremost oil & gas experts to identify tomorrow’s capital allocation solutions today. As a result, our products undergo continuous refinement, providing clients with ever higher levels of value through automatic product updates and new software functionality at no additional cost.
The Novi Advantage
Why do leading investors and operator chose Novi? In short, we provide unparalleled competitive advantage and game-changing capabilities to optimally engineer every well, reduce exposure to risks, automate forecasts and maximize long-term asset value and economic returns.
Data pipeline optimized for analysis workflows and oil & gas sources. Sustainable and repeatable.
Deployed across all major shale plays. Top tier operators. Purpose built apps.
Analytical datasets published automatically. Reduce wasted effort manipulating data.
Create Value Today
Immediate business value through fast and accurate EUR predictions and efficiency gains.