Fossilytics Engineered Solutions is pleased to announce it has signed an MOU with a major Australian operator. The MOU, a pilot between the two organizations which uses Fossilytics Advanced Flow Analytics platform to automate data collection from the field, through to analysis.
The pilot will focus on automation of oil and gas well analysis using Machine Learning and other techniques on the famous Flowing Material Balance as well conventional and unconventional decline models (such as Stretched exponential and Power-Law models).
Our system is cloud-based using secure Amazon Web Services (AWS) and can be accessed from any device, or it can be installed within the customer’s network. All our modules are built on the Wolfram language, one of the world’s leading mathematical and physics-based platform.