Oliasoft is delighted to launch collaboration on an integrated solution that will revolutionize subsea well planning together with digital twin pioneer FutureOn.
The outcome of the collaboration is named FutureOn Well Assist – Powered by Oliasoft, and combines digital twin technologies with Oliasoft WellDesign for well planning.
When Oliasoft WellDesign is seamlessly integrated with FutureOn’s FieldTwin, this Software as a Service (SaaS) becomes Well Assist, the most powerful tool for conceptualizing well placements and field layouts with unparalleled clarity, giving deeper understanding during the pre-FEED development stages.
The Well Assist feature offers field planners and drilling engineers the ability to design, visualise, test and accurately cost estimate field concepts from the topside to the target zone via a real-life, immersive subsea experience using a desktop.
Because of the open and collaborative mindset of both Oliasoft and FutureOn, WellDesign integrates seamlessly with FieldTwin, offering an entirely new dimension of visualizing offshore well planning, installation and operating with greater precision to get wells producing faster.
With its immediate insight into well design options, Well Assist supports better decision making, team collaboration, risk reduction, all while maximizing cost efficiencies.
Features, which can be enhanced by asset operator input and tailored to specific project requirements include:
- High-level algorithms – Well Assist has integrated a series of recognised mathematical methodologies that deploy increased levels of intelligent automation to create the optimum well path. The feature is based on documented standards that support and build on directional drilling primitives.
- Well-head placement – Well Assist can guide the ideal placement of well heads by generating a heat map based on factors including the cost metric. The feature can be used to compare the economics of various solutions based on the economics of a series of wells reaching specific targets.
- Bespoke data sets – Big data provides a wealth of options to create user-specific modelling based on operational requirements.
“It will revolutionise field planning and well design by providing sophisticated and proven insight at the earliest stages of any subsea project. In a time of tight margins and increased competition, that is an advantage that no operator can afford to ignore.”
– Jostein Lien, Senior Vice President of Products at FutureOn.
To find out more about FutureOn’s technologies and the Well Assist integration visit https://www.futureon.com/wellassist/.
Joint presentation on IDEC 2021
On June 30th Oliasoft and FutureOn held a joint presentation on IDEC 2021 – Transforming Field Development Planning with Integrated Digital Platforms. See the recorded session here.
Want to experience seamless well planning workflow?
To have all calculations performed in one application, improved collaboration, communication and to be freed from spreadsheets and manual adjustment and inputs?
Request free trial of Oliasoft WellDesign for a trial period or book a bespoke demo for you and your team with one of our well planning experts.
