ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested the electrical submersible pump (ESP) software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5 per cent with no additional capital investment.
The ESP software unit is operational now for more than three months on 500 oil wells in Western Siberia, Russia, which claim an additional profit of $2 million and growth in production of 1.5 per cent. It is equipped with AI to provide recommendations based on historical big data analysis. The unit recommends a mode of well operation that will ensure the maximum oil flow rate for a certain period of time and provides for stable operation during that period by analysing current frequency, gauged oil flow rate, periods of intermittent pump operation and other
operating parameters.
“Scientists regularly claim that the era of oil will end soon and that readily available hydrocarbons are almost exhausted. The digitalisation of the oil and gas industry will help simplify extraction of hard-to-recover oil while at the same time extending the lifespan of the oilfield by more than one decade”, said Dmitry Krikunov, ZYFRA’s AI team leader in the oil and gas sector.
