Novi automates well planning & forecasting workflows, optimizes asset value, and improves return on capital for drilling programs
Novi optimizes oil and gas well planning workflows with machine learning software and proprietary data outputs accessed through our cloud-based platform. Our well planning software creates accurate forecasts for well drilling optimization designs, multiple cube designs and optimizes capital allocation.
Novi products turn raw data
into scenario driven well forecasts for oil well drilling optimization
Novi products create value across the asset lifecycle
AcquiRE
- Data driven analog well selection
- Acreage delineation.
- Forecast & value PDP wells.
- Evaluate PUD value creation potential.
- Oil well design analysis.
optimize
- Well plan performance driver analysis.
- Well engineering designs.
- Prioritization of PUD development.
- Economic sensitivity analysis.
- Well planning scenario analysis.
Automate
- PDP oil well forecasting.
- PUD oil well forecasting.
- Drilling optimization workflows.
- Acreage appraisal.
- Oil well design optimization.
Novi products are focused on the OIl & gas domain
Well Planning for Oil and Gas Operators
Differentiation through domain-specific adaptation
Black box
- Give us data, we will give you answers.
- Examples: boutique hourly data science consultancies, large consultancies such as McKinsey, Accenture, etc
General ai
- Base data management and model building capabilities.
- No domain specific adaptation out of the box
- Customers will have to build their own domain specific data transforms and applications.
- Examples: DataRobot, SAS, AWS, Tibco, IBM Watson
NOVI IS OIL & GAS FOCUSED ai
- Cloud based AI driven software platforms tuned for a specific industries.
- Adapted to the domain through data engineering and software applications designed to integrate into workflows.
- Explainability datasets compliment every Novi well forecast.
Why Novi products?
Analytics Ready Data
- Analytical dataset creation.
- Sustainable & repeatable.
- High value proprietary datasets.
Oil & Gas Focused AI
- Industry focused apps and analytics ready oil and gas data.
- Top tier Customers.
- Rapid time to value.
Efficiency & Automation
- Scenario based drilling optimization.
- Rapid appraisal analysis.
- Fully automated well forecasting.
why you should adopt ai driven oil well drilling optimization workflows
Investors are demanding return on capital which requires drilling optimization and automated oil well design
Cost reduction
- High cost producer is a synonym for bankruptcy.
- Shale well planning efficiency is critical.
- Automation of key workflows is a necessity.
DRILLING OPTIMIZATION
- Capital is scarce.
- All well planning decisions are critical.
- Oil well design risk must be quantified.
building an actionable ai-driven program
Automate Well Planning with Accuracy
Novi provides oil well drilling optimization tools and processes, you provide the organization & culture to drive adoption
Organization
