Optimize Capital Allocation and Production
Novi’s artificial intelligence driven software helps shale operators improve economic outcomes through completions and spacing optimization.
Turn Data into Better Wells
Novi connects petroleum engineering teams to a single source of data and interactive predictive models, allowing asset teams to focus on improving economic outcomes on capital drilling programs.
FOCUS ON OPTIMIZING ECONOMIC OUTCOMES
Asset teams use Novi software to drive well planning workflows. Instead of arguing about data, engineering and planning teams work together to optimize returns on well portfolios.
DRIVE EFFICIENCY IN PLANNING WORKFLOWS
Asset teams 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 Shale Asset 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.
Make Your Type Curves an Interactive Business Application
Type curves drive oil & gas operator decision making – production forecasting, reserves estimation, and investment decisions. They need to be accurate and they need to be current. 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 or per-pad level.
Use All of the Data to Drive Decisions
Use All of the Data to Drive Decisions Shale plays introduce relatively large volumes of heterogeneous data. Each variable could have a different impact on each well. Novi’s predictive modeling approach captures complex non-linear and non-parametric data relationships, so you can optimize each well 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 Field Development Decisions in Near Real-Time
Use Novi’s dynamic type curves to create economic models that help optimize a well portfolio, 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.
How Novi Works
Novi builds machine learning software that predicts future well performance and drives 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, well planning and drilling teams encounter unique challenges while economics constantly shift along with completion technology and best practices. 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 shale operators across North American basins choose Novi? In short, we provide unparalleled competitive advantage and game-changing capabilities to optimally engineer every well, reduce exposure to risks, 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
Novi generates immediate business value through fast and accurate EUR prediction. ..