This startup provides software and automation solutions specifically designed for drilling operations in the oil and gas sector, enhancing operational efficiency and safety. Their technology optimizes drilling performance by integrating real-time data analytics and automated control systems to minimize downtime and reduce operational risks.
Funding
$200K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Drilling operations in the oil and gas sector face challenges in optimizing performance, ensuring safety, and minimizing downtime due to the complexities of dynamic pressure drilling and conventional methods. Inaccurate calculations and lack of real-time data integration can lead to inefficiencies and increased operational risks.
Solution
Drillsoft provides software and automation tools designed to enhance drilling performance and safety by integrating real-time data analytics and automated control systems. Their solutions facilitate quick and accurate calculations through a user-friendly interface, optimizing wellbore pressures and temperatures during all phases of drilling, including extended-reach, highly deviated, and high-temperature/high-pressure wells. Drillsoft's products are compatible with the latest cutting-edge technology and adapt to a wide variety of PLCs through different communication protocols, helping companies save time, money, and enhance safety protocols on the field. The platform supports surge and swab correction, pressure and temperature correction, cuttings load correction, and manual/PWD correction factors, considering RPM effects and torque and drag.
Target Audience
Drillsoft primarily serves drilling engineers, MPD engineers, and oil and gas companies seeking to optimize drilling operations, reduce non-productive time, and enhance safety.
Features
- Real-time hydraulic simulation for dynamic pressure drilling (MPD/UBD) and conventional drilling.
- Transient well model calculating down-hole pressures and temperatures.
- Well trajectory planning and 3D visualization.
- Surge & Swab analysis for optimizing tripping speeds.
- Hydraulic optimization module for achieving optimal horsepower at the bit.
- Real-time data integration with WITS0, WITSML, and PLC signals.
- Web monitoring system for remote well monitoring.
- Automatic well site daily report generation with time analysis graphs.
- Torque & Drag module for calculating axial tension, stretch, twist, hook load, & torque.