roundLABs provides real-time well placement services that enhance wellbore position accuracy through advanced survey methods, enabling operators to improve drilling efficiency and target smaller formations. Their eddi platform facilitates immediate data transfer and processing from Measurement While Drilling systems, ensuring stakeholders have secure access to reliable wellbore data.
Funding
Funding not disclosed
Founders
Product
Problem
Accurate wellbore positioning is critical for efficient drilling operations, especially when targeting smaller formations. Exploration and production companies, drilling rig contractors, and directional providers require robust raw data analysis and quality control to ensure optimal wellbore placement. Existing methods may lack the real-time data transfer and processing capabilities needed for immediate decision-making.
Solution
roundLABs offers a suite of services and their eddiLAB platform designed to enhance wellbore position accuracy through advanced survey methods and real-time data analysis. The company focuses on providing unbiased, independent quality control and archival of key wellbore position data. Their eddiLAB ecosystem facilitates immediate data transfer and processing from Measurement While Drilling (MWD) systems, providing stakeholders with secure access to reliable wellbore data. This enables improved drilling efficiency, better targeting of formations, and stronger Environmental, Social, and Governance (ESG) compliance through quality control.
Target Audience
The primary customers are exploration and production companies, drilling rig contractors, and directional drilling providers involved in directional and horizontal drilling operations.
Features
- Real-time data transfer and processing from MWD systems via the eddiLAB platform
- Advanced survey methods for enhanced wellbore position accuracy
- Multi Station Analysis (MSA) for improved data quality
- Geomagnetic Model (HRGM) for precise positioning
- Survey management tools for efficient data handling
- Independent and unbiased quality control of wellbore position data