BCG acquires stake in Solution Seeker
Boston Consulting Group strengthens its investment in AI and optimization within the upstream oil and gas sector by joining the Oslo-based AI company.
- Solution Seeker
- Publish date
- · 3 min read
September 7, Oslo
Boston Consulting Group (BCG) announces its partnership with Solution Seeker, the foremost developer of AI solutions in upstream oil and gas with an international roster of fuel industry partners. This unique joint offering aims to deliver an optimal AI solution using Big Data and machine learning to production teams and operators around the world seeking to leverage the power of AI to increase production and excel in operations.
BCG and Solution Seeker’s newly launched integrated offering is unique in the market. Solution Seeker brings to the partnership its patented data feed and proven use cases enabled by AI models. BCG brings its globally acknowledged pool of subject matter experts, data scientists, IT architects, and other specialists, as well as its relentless focus on value, client enablement, change management, and resource upskilling, to enable digital to be rolled out at scale to clients and fully capitalized upon.
Solution Seeker offers a data-driven approach to production optimization that addresses a $100 billion global annual optimization opportunity. The company’s software platform, ProductionCompass AI, ingests tens of thousands of live data streams directly from each asset and automatically processes and prepares the data for specific optimization opportunities and use cases. Today, these datasets include more than 100 billion data points, and allow cross-well learning from more than 1,000 wells for better models and predictability.
Solution Seeker remains independent and actively controlled by the employees of the company. To arrange an interview with BCG, please contact Tommy Nodland at 958 96 804 or email@example.com