How SparkCognition Saved an Oil and Gas Customer Up to $30M and Snagged a Finalist Spot in the 2021 Digital Transformation & Operational Excellence Awards

At SparkCognition, we are committed to developing award-winning artificial intelligence (AI) solutions that allow organizations to predict future outcomes, optimize processes, and prevent cyber-attacks. We work with the world’s industry leaders to achieve operational excellence, and our patented AI and machine learning (ML) technologies lead the industry in innovation and drive digital transformation.

When a global oil company came looking for help preventing stuck pipe events, we had the answer. Our AI-based Drilling Advisor predicts up to 96% of future stuck pipe incidents, which can account for as much as 30% of the non-productive time (NPT) and up to 5% of well cost during a drilling operation. The result saved the company $30 million annually and enhanced safety and environmental efforts.

This solution was so successful, that we have been recognized as finalists for the 2021 Digital Transformation & Operational Excellence (DTOE) Awards in the Best Achievement in Operational Excellence to deliver Digital Transformation.

SparkCognition patented ML-based modeling approach, leverages interactive visualization and predictions to flag anomalies and offer continuous insights into operational performance. Our solution allows the operator ample time to make corrections before stuck pipe events occur, preventing downtime and potential damage to equipment. 

We are honored to be a finalist in the Digital Transformation and Operational Excellence Awards, as the awards closely align with our mission of delivering world-class AI solutions that allow organizations to solve their most critical problems, empowering them to run a more sustainable, safer, and profitable business.

The winners will be announced at an awards ceremony on Dec. 15th in Orlando, FL. Here is the complete list of categories and finalists.

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