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
- Data driven analog well selection
- Acreage delineation.
- Forecast & value PDP wells.
- Evaluate PUD value creation potential.
- Oil well design analysis.
- 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
- Give us data, we will give you answers.
- Examples: boutique hourly data science consultancies, large consultancies such as McKinsey, Accenture, etc
- 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
Why Novi products?
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
- High cost producer is a synonym for bankruptcy.
- Shale well planning efficiency is critical.
- Automation of key workflows is a necessity.
- Capital is scarce.
- All well planning decisions are critical.
- Oil well design risk must be quantified.
ACQUISITION & DIVESTITURE
- Attractive valuations.
- Non-core consolidation.
- Divestiture to reduce debt.
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