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Novi automates well planning & forecasting workflows, optimizes asset value, and improves return on capital for drilling programs

AI driven automated well planning in oil and gas - Map of analog wells for drilling optimization

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

image/svg+xml DATA ENGINE MODEL ENGINE FORECAST ENGINE NOVI CLOUD TABULAR Completions, drilling, directional surveys, Novi Spacing (dynamic) GEOSPATIAL Raw logs, interpreted subsurface TIME SERIES Production, lift choke, pressure & Novi Time Series Spacing COSTS Drilling, completion, LOE, shrink/yield, etc.
image/svg+xml DATA ENGINE MODEL ENGINE FORECAST ENGINE NOVI CLOUD TABULAR Completions, drilling, directionalsurveys, Novi Spacing (dynamic) GEOSPATIAL Raw logs, interpretedsubsurface TIME SERIES Production, lift choke, pressure &Novi Time Series Spacing COSTS Drilling, completion,LOE,shrink/yield,etc.

Novi products create value across the asset lifecycle

acquire accurate well data for forecasts

AcquiRE

  • Data driven analog well selection
  • Acreage delineation.
  • Forecast & value PDP wells.
  • Evaluate PUD value creation potential.
  • Oil well design analysis.
optimize well designs

optimize

  • Well plan performance driver analysis.
  • Well engineering designs.
  • Prioritization of PUD development.
  • Economic sensitivity analysis.
  • Well planning scenario analysis.

automate well planning

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

data in, oil well plan models out

Black box

  • Give us data, we will give you answers.
  • Examples: boutique hourly data science consultancies, large consultancies such as McKinsey, Accenture, etc

ML driven well forecast models

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
AI driven well planning

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?

well planning based in data analytics

Analytics Ready Data

  • Analytical dataset creation.
  • Sustainable & repeatable.
  • High value proprietary datasets.
well planning for oil and gas specifically

Oil & Gas Focused AI

  • Industry focused apps and analytics ready oil and gas data.
  • Top tier Customers.
  • Rapid time to value.
well drilling optimization efficiency is automated

Efficiency & Automation

  • Scenario based drilling optimization.
  • Rapid appraisal analysis.
  • Fully automated well forecasting.
oil well drilling design that creates value today

Create Value Today

  • Reduce appraisal risk.
  • Automate forecast workflows.
  • Deploy quickly.

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

oil well optimization = cost reduction

Cost reduction

  • High cost producer is a synonym for bankruptcy.
  • Shale well planning efficiency is critical.
  • Automation of key workflows is a necessity.
intelligent optimization of drilling operations is critical.

DRILLING OPTIMIZATION

  • Capital is scarce.
  • All well planning decisions are critical.
  • Oil well design risk must be quantified.
Acquire a smart well design for oil and gas success.

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

Tools

shale well design modeling tools
Visualization
AI / ML Platform
Well Data Platform

Processes

AI Driven Software Workflows
Data Engineering Workflows
Data Management Workflows

Organization

Executive Support
Decisional DNA
Commitment to Improve

Reach out

Novi’s AI-driven well planning software is the only product of its kind that revolutionizes the way oil & gas investments are made. Drop us a line to request more information by clicking the button below!

Contact us today

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Contact

1905 Aldrich Street, Suite 220
Austin, Texas 78723

intro@novilabs.com
512.368.9042

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