Weatherford, a leading global energy services company, recently collaborated with a leading advanced drilling analytics company, Kwantis. In order to offer clients with outstanding visibility and performance optimization across various operations, this collaboration will expand the Weatherford Centro well construction optimization platform with multi-well benchmarking and Drilling KPI analytics.
Matt Foder, Senior Vice President of Innovation and New Energy at Weatherford, said, “We are proud to collaborate with Kwantis to deliver best-in-class drilling and well construction optimization to our clients. This relationship highlights Weatherford’s commitment to innovation and investing in updating our technology to add the most value to our clients. We know our combined strengths will deliver game-changing operations for our clients worldwide.”
The Centro platform uses real-time engineering and automated and predictive capabilities to make dynamic adjustments that improve well delivery outcomes. Real-time engineering models, smart alarms, and intelligent algorithms replicate the conditions down there and foresee problems before they become risks. The Centro platform’s integration with Kwantis’ ID3 advanced analytics increases performance management capabilities by allowing asset teams to enable real-time well planning, post-well analysis, and forecast downhole drilling problems while discovering possibilities to cut costs and emissions.
“This agreement with Weatherford is a win-win because both companies have rich and complementary software solutions in drilling data analytics. With this collaboration, we can now propose an integrated and innovative solution that creates the highest value for our clients”, Nicola Rossi, Chief Operating Officer at Kwantis.