September 20, 2021
Oliasoft and Equinor enters into a long-term agreement deploying Oliasoft WellDesign into the daily drilling planning and integrating it into Equinor’s digital well planning application, WellCom.
Oliasoft WellDesign™ is a cloud-based well design engineering software, seamlessly providing data collection, modeling and simulations in a unified environment. The simulation engines are compliant with industry standards and, with Open API’s, connecting to third party applications and ecosystems to achieve integrated planning and automation.
Oliasoft has worked closely with Equinor to deliver and validate the required capabilities, including unique thermal simulation requirements for CO2 injection wells.
“New technology is required to achieve digitalization and allowing for collaboration, extensive automation and easy integration across applications. It has been exciting to work closely with Equinor’s many subject matter experts to validate OWD capabilities and to see how it can create value as part of digital well planning workflows”
Jim Strand, Chief Product Officer at Oliasoft
Digital well planning encompasses the entire design and planning process of a well, from feasibility to the drilling operations. Through integrated operations and use of modern and innovative digital technology, the aim is to plan and drill wells significantly faster, but also safer and more environmentally sound. Access to fast and automated simulation capabilities play an important part of this well planning process. To meet the many engineering requirements posed by a diversity of well types requires flexible simulation engines as the basis for the well construction process.
“Oliasoft is excited for this opportunity and is proud to see our technology integrated into Equinor’s drilling workflows. Equinor is at the forefront of adopting technology for digitalization. The agreement is a testament to the 6 years of development efforts and technology choices we have made. We look forward to continuing the open and fast-moving cooperation with Equinor to scale and harvest the many digitalization gains that Oliasoft WellDesign offers through fast, open and science-based calculations”
André Backen, CEO of Oliasoft
About Equinor ASA
Equinor’s purpose is to turn natural resources into energy for people, and progress for society. Equinor, a broad energy company with more than 21000 employees committed to develop oil, gas, wind and solar energy in more than 30 countries worldwide. Equinor is dedicated to safety, equality and sustainability. As the largest operator in Norway, a leading international offshore operator and a growing force in renewables, they are shaping the future of energy.
About Oliasoft AS
Oliasoft is a Norwegian software company specialized in developing integrated cloud engineering software for the energy sector. Oliasoft has recently launched Oliasoft WellDesign, a cutting-edge well planning suite that includes all mandatory calculations for well construction. Oliasoft converts the latest in web-based software technology into user-friendly solutions built to digitize the well construction domain. Oliasoft has worked closely with some of the world’s largest operators and industry leading research institutions to ensure product market fit.
Media Relation
Kiran Dhillon, Chief Marketing Officer, Oliasoft | +47 401 09 966 | kiran.dhillon@oliasoft.com
André Backen, Chief Executive Officer, Oliasoft | +47 908 79 707 | andre@oliasoft.com
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