Vår Energi and Solution Seeker Join Forces on Data-Driven Production Optimization Following Successful Pilot
Oslo/Stavanger, September 4th, 2023.
For immediate release.
- Author
- Solution Seeker
- Publish date
- · 2 min read
2023
September 4, Oslo
Vår Energi, through its Vår Digital initiative, has defined Digital Production Optimization as a strategic priority to boost production from the company’s operated assets by 2025. After screening the market for proven digital solutions, Vår Energi conducted a rigorous tender process in the search for niche technology suppliers delivering digital production optimization solutions.
Solution Seeker has been selected as the winner of the tender and invited to execute a pilot showcasing its technology and team capabilities. Based on a comprehensive evaluation of the pilot, the Vår Digital project team emphatically recommended Solution Seeker as the primary technology partner for Vår Energi's Production Optimization digitalization initiative going forward.
The decision is underpinned by criteria such as the maturity of the technology, agility, scalability, flexibility, level of cooperation between the teams, domain knowledge as well as cybersecurity measures.
As the partnership progresses, both companies are excited about the prospect of tackling more use cases and cementing a long-term technology partnership to unlock new avenues for production optimization. This data-powered approach, combined with AI and automation, will lay the foundation for substantial production enhancements at Vår Energi’s operated assets.
«The scope covers a wide range of use cases within production optimization, including improved data quality and workflows related to well testing, production performance tracking, AI flow rate estimation, early anomaly detection and a completely new way of conducting day-to-day production optimization. Vår Energi has proven the right partner to equip our entire toolbox, enabling a value-driven roll-out of functionality across their assets.»
Vidar Uglane, CCO
Solution Seeker
Vår Energi is a leading independent upstream oil and gas company on the Norwegian continental shelf (NCS), being committed to deliver a better future through responsible value driven growth based on over 50 years of NCS operations, a robust and diversified asset portfolio with ongoing development projects, and a strong exploration track record. Vår Energi’sambition is to be the safest operator on the NCS, the partner of choice, and an ESG leader with a tangible plan to reduce emissions from operations by 50% within 2030.
Vår Energi has around 1000 employees and equity stakes in 39 fields and the company produced net 220,000 boe per day in 2022. Headquarters are outside Stavanger, Norway, with offices in Oslo and Hammerfest. To learn more, please visit varenergi.no.
Solution Seeker is a deep-tech AI company spun out of the Norwegian University of Science and Technology (NTNU) in 2013. The company’s foundation was based on a preceding 8-year research project at NTNU on integrated operations in the oil and gas industry, where a market potential for data-driven production optimization technology was identified. Over the following decade, the company has developed its cloud-based AI platform called ProductionCompass (PCAI), which today provides AI models and algorithms used in operations by 15+ production assets in Asia, Europe, and South America. PCAI has in total streamed more than 300 billion data points from these production assets, and is now operating more than 50 thousand models and algorithms in real-time to support a wide spectrum of production optimization applications and use cases. To learn more, please visit solutionseeker.no.
Contact
Vegard Drange Ystenæs, CFO
Solution Seeker AS
vegard@solutionseeker.no