Feb 7, 2014
Frode Sormo

AMiDST Consortium Funds Partnership with Verdande Technology to Analyze Massive Data Streams for Oil & Gas

AMiDST

Verdande Technology has partnered with The AMiDST – Analysis of Massive Data Streams – Consortium, a research program funded by the European Union, to examine advanced artificial intelligence methods to do Big Data analysis of data streams. The objective of the AMIDST research project is to develop a toolbox that facilitates analysis in order to improve predictability across a variety of cases. Continue reading »

Oct 8, 2013
Frode Sormo

A New Phenomenon – The Need for Data Scientists

By Frode Sørmo, CTO, Verdande Technology

I recently read “Data Scientist: The Sexiest Job in the 21st Century” in the Harvard Business Review.  Beyond the compelling title, it has some interesting things to say about the current job of data scientist and where it will grow in the future. Business today is built on data – vast amounts of data, from different sources and in different formats. Firms who have the resources to not only track this data, but also to understand it, will have a strong competitive advantage moving forward. Continue reading »

Oct 1, 2013
Frode Sormo

Gartner Thinks About IT Operations Monitoring in Two-Tiers … and Where CBR Fits In

By Frode Sørmo, CTO, Verdande Technology

Since Verdande Technology is a Gartner customer, I was lucky enough to get my hands on a copy of a recent report by Will Cappelli, a Research Vice President at the esteemed analyst firm. And while I cannot publicly share the report, entitled, “Social AI Tools Manage Services Across Highly Distributed and Radically Modular Infrastructures,” I can tell you that it was a compelling read. Continue reading »

Aug 8, 2013
Lars Olrik

On the Radar: Case-Based Reasoning software helps drilling operators avoid repeating costly problems

Ovum recently published an “On the Radar” report that highlights Verdande Technology’s Case-Based Reasoning platform to predict and avoid recurrent drilling problems that can cause significant non-productive time.  Visit Ovum.com for an overview.  According to Ovum, “’On the Radar’ is part of Ovum’s series of research and notes that highlights up-and-coming vendors that bring innovative ideas, products, or business models to their markets.”

 

 

May 22, 2013
Lars Olrik

Verdande Technology’s Newest Version of DrillEdge™ Improves Drilling Efficiency and Helps Prevent Costly Drilling Problems

Verdande Technology LogoThe Mechanical Specific Energy Functionality of DrillEdge Improves Efficiency Related to Bit Damage

Verdande Technology, a provider of real-time Case-Based Reasoning (CBR) technology, announced today a new release of DrillEdge™ software, its flagship CBR-driven platform that acts as an early warning system for drilling hazards. This latest release features a Mechanical Specific Energy (MSE) solution that aids in the prevention of costly bit damage, and was designed closely alongside Verdande Technology’s customers. Continue reading »

May 21, 2013
Guest

Big Data Tool Mimics Human Problem Solving Technique

by Jeff Bertolucci, InformationWeek

Case-based reasoning compares real-time information with past cases to provide companies with the best course of action, says Norwegian firm Verdande, maker of CBR product Edge.

We humans solve problems every day of our lives. In most cases, we base our decisions on past experiences. Now an emerging technology called case-based reasoning strives to emulate that problem-solving strategy. Continue reading »

May 7, 2013
Lars Olrik

Technology to Protect Environmentally Sensitive Areas

Earth Day had me thinking about the impact of drilling around the world. There has been a lot of controversy over the years as demand for oil has moved rigs to more remote areas, including deep water drills in Bering Sea and the waters off of Brazil and Norway. Many have feared the environmental impact on these sensitive areas. A fear fueled by some notable incidences that have become household names including the Exxon Valdez and Deepwater Horizon.  However, drilling technology has made huge strides over the years to help ensure the protection of environmentally sensitive areas – and not just in the form of heavy equipment and hardware, we’re talking about software. Continue reading »

Apr 26, 2013

Third anniversary of the Deepwater Horizon

It has been three years since the Deepwater Horizon Gulf of Mexico disaster made headlines on April 20, 2010.  It took nearly three months to cap the underwater oil spill that impacted marine and coastal environments, not to mention commerce, from Louisiana to Florida. All of this, despite what was a highly regulated operation on a capable rig with some of the best trained personnel and advanced tools and technology monitored closely locally and remotely.

 As BP makes headlines as it finds itself in court again, the big question still continues to be: has our industry truly learned from this and taken the necessary precautions to prevent this from happening again (not just for BP, but for all O&G companies)? Continue reading »

Apr 23, 2013
Admin

Why not let the computer do the job (so you don’t have to)

It is not uncommon that drilling engineers stare at graphs for 12 hours straight in order to monitor drilling operations in real time. This is not a good solution, and it was noted by the National Commission of Offshore Drilling in their final report to the president about the Deepwater Horizon oil spill accident.

There are several reasons to why this is a bad solution. In the report they mention that this solution requires the right person to look at the right data at the right time and understand its significance while doing other things at the same time. Another thing is that it is both boring and tiring to stare at graphs for long stretches of time. In addition, it is an extremely complex task to build a mental model of what is happening down-hole while keeping it up to date at all times, especially when people have to sleep and eat. People cannot monitor data 24/7, so information will be lost.  Continue reading »

Feb 15, 2013
Guest

Spiderman

Last year I was asked to give a talk about a test automation project, we had then just finished. This request came from the consultancy company we worked with and for a forum called ‘NCEI offshore’.

We agreed to do this presentation together and I would take care of presenting Verdande Technology, its products, DrillEdge specifically and the requirements and goals for this specific project.

As a good habit, I first wanted to know more about my audience. NCEI stands for ‘Norwegian Center of Expertise Instrumentation’ – offshore being a separate department. The title of our presentation was already set: “How to effective test new software – Verdande’s DrillEdge”. So although the main focus of our presentation would be around test automation, I also expected a particular interest in our solution offered to the oil industry. So inserting some extra slides about our application and taking with me our brochures about DrillEdge, I felt I was well prepared. Continue reading »

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