Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the oil and gas industry. This time, you get to discover five hand-picked machine learning startups impacting oil and gas.
Out of 197, the Global Startup Heat Map highlights 5 Top Machine Learning Startups impacting Oil and Gas
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 197 exemplary startups & scaleups we analyzed for this research. Further, it highlights five startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 192 machine learning solutions for oil and gas companies, get in touch with us.
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Virtuio advances Virtual Flow Measurement
Founding Year: 2020
Location: Houston, US
Innovate with Virtuio for Industrial Flow Optimization
Virtuio is a US-based startup that develops a virtual flow measurement solution to optimize fluid-based production processes. The startup’s data-driven and theory-based methodologies improve flow measurement and process optimization. Virtuio also utilizes machine learning to improve physics-based flow models for the oil & gas industry. This allows process engineers to operate infrastructure more sustainably and improve the companies’ bottom line.
OriGEN AI enables Full Reservoir Modeling
Founding Year: 2018
Location: Brooklyn, US
Partner with OriGEN AI for Reservoir Simulation & Optimization
US-based startup OriGEN AI utilizes physics-informed neural networks (PINN) that improve the modeling and optimization of physical processes. The startup’s platform, PROTEUS AIRE, leverages PINN to simulate and optimize field changes, and forecast production rates capabilities in oil and gas reservoirs. This enables faster reservoir simulations as well as avoids unnecessary capital expenditures and operating costs while maximizing performance.
Cenozai provides Digitized Facility Management
Founding Year: 2017
Location: Kuala Lumpur, Malaysia
Use this solution for O&G Asset Management
Malaysian startup Cenozai offers a machine learning platform that extracts, links, and searches information across all O&G assets for real-time decision-making. The platform’s machine learning models read and extract context from unstructured facility data. It then combines the context with the available structures data to create a comprehensive view of digital and physical assets. This decentralizes the availability of information and speeds up failure identification, reducing plant downtimes.
Fossilytics facilitates Production Optimization
Founding Year: 2020
Location: Brisbane, Australia
Partner for O&G Production Analysis & Rate forecasting
Fossilytics is an Australian startup that develops cloud-based software to facilitate critical reservoir and production engineering decisions. Its machine learning algorithm allows users to focus on data interpretation and decision-making rather than data and model management. SPAD is Fossilytics’s software module that provides performance prediction for recoverable oil and gas in reservoirs. This allows engineers to plan extraction and advance exploration activities more efficiently.
Visage offers Reservoir Simulations
Founding Year: 2019
Location: Delhi, India
Innovate with Visage for Automated Production Optimization Workflows
Indian startup Visage provides a reservoir simulation product that uses advanced computational methods and data analytics to automate the production optimization flow. The startup’s analytical tool, SAGE, facilitates the increment of yield from existing infrastructure and selects optimal development scenarios. This maximizes the economic potential of oil and gas assets through production optimization, probabilistic forecasting, and uncertainty quantification.
Discover more Oil & Gas Startups
Oil & gas startups such as the examples highlighted in this report focus on plant simulations, O&G risk management, production optimization, infrastructure management as well as predictive maintenance and advanced analytics. While all of these technologies play a major role in advancing the industry, they only represent the tip of the iceberg. To explore more oil & gas technologies, simply let us look into your areas of interest. For a more general overview, download our free Oil & Gas Innovation Report to save your time and improve strategic decision-making.
