Fossilytics Engineered Solutions is pleased to announce it has signed an MOU with Santos Limited. The MOU, outlines a collaboration starting with technology evaluation of Fossilytics’ Advanced Flow Analytics for the reservoir and production engineering disciplines at Santos.
The project 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.