Oliasoft awarded contract with Neptune Energy

Stavanger | Oslo, Norway – September 19, 2023 – Oliasoft has been awarded a contract with Neptune Energy for its software, Oliasoft WellDesign® to be the future Well Engineering tool for Well planning and design.

Neptune Energy and Oliasoft have been working together since 2022, when Oliasoft won the “World Championship for Well planning” arranged by Neptune Energy. Furthermore, Oliasoft has had an R&D contract with Neptune Energy to enhance the capabilities of its Blowout & Kill module.

The contract further reinforces that Oliasoft WellDesign® is seen as a state-of-the-art software solution, designed to optimize well engineering and planning activities. Built on a modern software architecture, it allows for great flexibility in workflows and its advanced features streamline workflows, enhance decision-making, and deliver great efficiency gains. This aligns perfectly with Neptune’s vision of innovation and excellence in offshore drilling.

At Neptune, we are committed to continuously improving our ways of working and staying ahead in the industry by adopting modern technology and embracing digitalization. Oliasoft WellDesign® is a powerful addition to our capabilities, and it will help us deliver even better results, while maintaining the highest standards of safety and sustainability.

- Thor André Løvoll, Director of Global Drilling & Wells in Neptune Energy

We are delighted to see Oliasoft WellDesign® become an integral part of Neptune's digitalization journey. Together, we will continue to revolutionize well engineering and planning, setting new standards for the industry through modern and future proof software solutions.

- André Backen, Oliasoft CEO
Oliasoft awarded contract with Neptune Energy

About Neptune Energy

Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 135,000 net barrels of oil equivalent per day in 2022 and 2P reserves at 31st December 2022 of 552 million barrels of oil equivalent. Neptune aims to store more carbon than is emitted from its operations and the use of its sold products by 2030. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners. For more information visit www.neptuneenergy.com

About Oliasoft

Oliasoft is a global Software-as-a-Service (SaaS) company enabling digitization and automation through sophisticated cloud engineering software. The current primary focus is well planning and design with the pioneering product, Oliasoft WellDesign®, which fully integrates well design processes resulting in optimal and safer well solutions for both the Energy and Carbon Capture, Utilization & Storage (CCUS) industries. Partners. For more information visit www.oliasoft.com

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