Ambyint optimizes performance of oil wells with IoT

03 November 2016
Report type: Research Note
Author(s): Emil Berthelsen
Keywords: Oil well optimization, predictive maintenance, artificial lifts, condition based monitoring, advanced analytics, artificial intelligence, machine learning, deep learning
Companies: ambyint, PumpWell Solutions, PSG (a Dover Company), Iridium, Penn West Exploration Ltd., Bonavista Energy
Number of Pages: 7

Achieving a well performing oil well improves the profitability of that well. These improvements can range from ensuring minimum disruptions to production, to reducing the need for onsite engineering calls, and to ensuring that oil well production continues to the very last barrel. What enables the latest improvements is a result of Industrial IoT, and how analytics offers new opportunities to improve operational performance.

This Research Note explores how a traditional company, PumpWell Solutions has reinvented itself with its new CEO, Nav Dhunay and IoT, and how the new company, ambyint has developed a new solution for the improvement of oil well performance, and potentially gas well performance as well, all based on domain expertise and analytics.

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