HOUSTON (NEWSWIRE) – Ambyint announced today it has finalized an agreement with nybl to offer their customer-proven ESP optimization solution to oil & gas producers in North America and beyond. nybl, a technology powerhouse based in the Arabian Gulf region focusing on AI, is known for developing best-in-class, knowledge-driven machine learning models and AI applications. This exciting partnership pairs two high-growth companies to offer a full suite of artificial lift optimization solutions that drive substantial value to their customers.
“At nybl, our goal was always to harness data and turn it into actionable insights,” says Noor Alnahhas, Chief Executive Officer and Co-Founder at nybl. “There are substantial savings to be had from utilizing data and artificial intelligence to drive efficiencies and help businesses optimize and even fully automate workflows. Partnering with Ambyint will accelerate deployment of our leading-edge ESP optimization application to oil producers abroad.”
OptumESPTM is an ESP optimization solution that combines advanced physics and subject matter expertise with AI to improve well surveillance, enhance equipment diagnostics, optimize performance, and prevent and predict failures. In a recent case study, a major oil producer with conventional onshore and offshore ESP wells reported a 5% increase in oil production and up to 30% increase in ESP runtime as a result of deploying the OptumESP application. Additionally, the operator was able to foresee imminent ‘non-trending’ failures, averting substantial well downtime.
“At Ambyint, we continually focus on delivering innovative production optimization solutions for our customers to increase production, reduce GHG emissions, and drive down operating costs,” says Chris Robart, Chief Commercial Officer at Ambyint. “Oil producers in North America have pushed us for years to expand our technology to ESP. Partnering with nybl allows us to round out our artificial lift optimization portfolio and meet customer demand. OptumESPTM will deliver significant value for customers and make Ambyint a complete enterprise solution for artificial lift optimization.”
For more information on Ambyint solutions, please visit our website to learn more. Additionally, Ambyint and nybl will host a joint webinar showcasing OptumESPTM and its impact on production optimization and failure prediction on May 11, 2022 at 10:00 a.m. CDT. You can join us by registering here.
Ambyint, a leading provider of production optimization solutions for the energy industry, delivers step-change improvements to our customers. We provide an Industrial IoT platform leveraging physics-influenced AI models and closed-loop control to enable autonomous operations and improved production outcomes. www.ambyint.com.
nybl is a deep tech development company that delivers an end-to-end AI platform and provides solutions through actionable intelligence to customers’ most critical and difficult challenges. nybl’s AI platform can be applied to any platform in any industry and allows partners and clients to obtain real-time and effective analyses on crucial equipment and processes to predict and safeguard against any potential disruptions. To learn more about what we do, click here: https://nybl.ai