Kalypso acquired by Rockwell Automation, Inc. (NYSE: ROK). Read the press release.
At a recent event in Houston, Kalypso had the pleasure of co-presenting with Weatherford, a leading Oilfield services company that specializes in products and services for drilling, evaluation, completion, production and intervention of oil and gas wells. Here's a summary of what was presented.
With crude oil prices lingering south of $50 per barrel for foreseeable future, it is an imperative that operators and service providers look to digital innovation as a means to reduce the cost of their operations and services.
Weatherford decided to meet the challenge, leveraging artificial intelligence (AI) to help them identify the best settings based on real-time conditions, so they could drill faster and safer while understanding changing environmental conditions.