Finnish-Russian company tests AI solution to boost oil well production, eyes USD 366 million market share

Finnish-Russian Company Tests AI Solution to Boost Oil Well Production, Eyes USD 366 Million Market Share

RMI Supply

ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested an Electrical Submersible Pump (ESP) software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5 percent without any additional capital investment. The ESP software unit is now operational for more than three…

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3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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