Last deal

Amount

Pre-Seed

Stage

20.03.2024

Date

1

all rounds

General

About Company
SaaS, Mobile App, Real time monitoring

Number of employees

Company Type

For Profit

Last funding type

Pre-Seed

IPO status

Private

Description

Calculating oil and gas production in real-time typically involves a combination of instrumentation, sensors, data acquisition systems, and software. The platform providing: sensors and instrumentation to monitor parameters such as flow rate, pressure, temperature, and composition. These sensors may be installed at wellheads, along pipelines, or at processing facilities. Data Acquisition Systems: Data from the sensors are collected by data acquisition systems. These systems may be located onsite or remotely connected via telemetry systems. The data acquisition systems gather real-time measurements and transmit them to centralized control centers or data analysis facilities. Real-time Data Processing: The collected data is processed in real-time using software applications specifically designed for oil and gas production monitoring. These applications may utilize algorithms to calculate flow rates, estimate reserves, detect anomalies, and optimize production processes. Flow Rate Calculation: Flow rate is a critical parameter in oil and gas production. It can be calculated using various methods depending on the type of well and production facilities. Common methods include: Multiphase Flow Meters: These meters are capable of measuring the flow rates of oil, gas, and water simultaneously in multiphase flow conditions. Orifice Meters: Orifice plates are commonly used to measure flow rates in pipelines by creating a pressure drop across a constriction. Venturi Meters: Similar to orifice meters, venturi meters use a converging-diverging section to measure flow rates based on pressure differentials. Coriolis Flow Meters: These meters measure mass flow directly by exploiting the Coriolis effect. Production Monitoring and Control: Real-time data analysis allows operators to monitor production performance, identify potential issues, and optimize production processes. Advanced control systems may also be employed to automatically adjust operating parameters based on real-time data to maximize efficiency and minimize downtime. Integration with SCADA Systems: Supervisory Control and Data Acquisition (SCADA) systems are often used to monitor and control oil and gas production processes. Real-time data calculated from sensors and instrumentation are integrated into SCADA systems, providing operators with a comprehensive view of production operations.
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