Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the energy industry. This time, you get to discover 5 hand-picked oil & gas (O&G) startups developing predictive analytics solutions.
Global Startup Heat Map: 5 Top Predictive Analytics Startups
The 5 startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 predictive analytics startups & scaleups in oil & gas that our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 377 companies we analyzed for this specific topic.
Opt2Go Analytics – System Operations & Maintenance
Oil & gas operations use predictive analytics to monitor equipment health and predict failures. Next-generation data collection, analytics, and communication, along with machine learning, help the industry shift from a reactive to a proactive approach for maintenance. Predictive analytics, when applied to system operations & maintenance, reduces downtime, increases safety, and improves reliability and performance of industry operations.
Australian startup Opt2Go Analytics offers analytics solutions for system operations & maintenance. The startup’s analytical approach combines process engineering, automation and control, and software. The approach informs project initiation, asset mapping, simulations, as well as monitoring, optimization, and maintenance of assets. The analytical solutions optimize the financial performance and productivity of operations in refineries.
SotaOG – Business Intelligence (BI)
Predictive analytics offers a plethora of solutions for the oil and gas industry. In business applications, it provides executives actionable business intelligence to affect positive operational changes across their oil and gas assets. Predictive models help businesses attract, retain, and grow their most profitable customers. Also, BI improves operations, forecast inventory, manage resources, and drive revenue growth.
SotaOG is a US-based startup developing advanced analytical solutions for O&G. The SOTAOG application provides owners and operators with fully-integrated solutions for capturing and transforming field and operational data into real-time business intelligence. The startup’s solution helps improve operational response, enhances business decisions, and drives revenue growth. Along with providing BI, the application also enables Industry 4.0 capabilities such as big data analytics, cloud computing, and cybersecurity.
S-Cube – Seismic Waveform Inversion
Seismic inversion transforms seismic reflection data that defines quantitative rock-properties of the reservoir. Startups are working towards designing various full seismic waveform inversion tools that produce high-resolution velocity models. SWI helps oil & gas production companies to accurately predict geologic sequences and make better decisions for their reservoirs at lesser computational costs.
S-Cube is a UK-based startup offering seismic waveform inversion solutions for the oil & gas industry. The startup’s technology combines sound wave segregation techniques with computational optimization. X-Waveform-Inversion (XWI) is a cloud-native architecture that inverts sound waves reflected from the deepest interfaces of the earth, providing an understanding of the subsurface. By automating the global minimum convergence with gradient-based steepest-descent optimization from multiple starting points, the solution helps companies predict errors.
OneBridge Solutions – Pipeline Integrity Management
Predictive analytics in the midstream sector in O&G enables the risk-based pipeline inspection to help operators make informed decisions on potential issues. Model-based, predictive analytics is used in pipeline integrity management, process monitoring, and measurement. Startups around the world are working to provide advanced analytics for predictive maintenance to the pipeline industry. This helps midstream companies mitigate risks and increase productivity, performance, and profitability.
OneBridge Solutions is a US-based startup creating value for the midstream industry by offering solutions in pipeline integrity management with predictive analytics and machine learning. Cognitive Integrity Management, the startup’s proprietary cloud-based platform, addresses regulatory compliance, asset health, and internal operational goals. The platform helps companies reduce operational costs, adding business value in the process. The startup’s solutions enable the digital transformation of the pipeline industry and optimize industrial solutions.
Telesto energy – Reservoir Management
Predictive analytics is transforming the way upstream oil and gas companies engineer and manage conventional and unconventional reservoirs. Predictive data analytics solutions characterize reservoir parameters, analyze and model reservoir behavior, and forecast performance to enhance decision-making. For example, advanced predictive analytics is used in enhanced oil recovery (EOR) and improved oil recovery (IOR). It serves as a screening tool and speeds up typically lengthy evaluations. Predictive data-driven hybrid models further help companies to maximize production daily, select shut-off wells, and subsequently optimize overall field development.
Telesto Energy is an Indian startup providing AI and big data analytics to the oil and gas industry to attain quick and real-time decisions for their fields. The startup offers reservoir management solutions such as reservoir and production modeling, planning, and optimization. Through subsurface consulting, Telesto offers upstream O&G companies operating mature oil fields enhanced field development and integrated reservoir management solutions.
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