Houston | Oslo, Norway – March 28, 2023 – Oliasoft announces development contract with Shell for the development of Oliasoft WellDesign. Shell has embarked on a journey to digitalize its operations. Part of this will be to improve and standardize their digital well planning processes by implementing digital and automated workflows. A key milestone on this journey has now been achieved by awarding Oliasoft a development contract for the improvement and integration of its state-of-the-art well planning and design tool Oliasoft WellDesign. Shell and Oliasoft are collaborating closely to validate and develop required functionality in Oliasoft WellDesign. This newly awarded contract will build on this strong foundation by implementing next steps to ensure Oliasoft WellDesign capabilities are ready for piloting with targeted assets within Shell. This includes:
- Final validation of required Oliasoft WellDesign functionality
- Developing and integrating Oliasoft WellDesign into Shell’s digital environment
- Demonstrating value creation to end users and collecting their feedback in preparation for wider deployment of the software
Oliasoft WellDesign is a cloud-based software that seamlessly integrates well design and planning using open and scalable technology.
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.