Cognite is entering a new energy industry vertical — subsurface and drilling — with digital services to be geared toward contextualizing, liberating and extracting data for exploration and production (E&P) companies.
Wednesday, 15 April 2020 // OSLO, Norway — Cognite, a global industrial AI software-as-a-service (SaaS) company supporting the full-scale digital transformation of heavy-asset industries around the world, today announced that it is now also directing its namesake technology, Cognite Data Fusion®, to digitalizing the subsurface and drilling sector. This comes in addition to the growing list of energy, manufacturing and utilities clients it serves today. E&P companies will benefit from a new digital software platform designed to employ liberated, contextualized data tailored to also optimize subsurface and drilling.
The aim is to leverage Cognite’s core technology to empower confidence, speed, reliability, agility, and most importantly, employee-driven innovation in E&P organizations.
“An integrated approach to digitalizing assets can empower our industrial customers to be able to operate more safely, sustainably, and cost-effectively,” said Dr. John Markus Lervik, Cognite CEO and Co-founder. “With our upcoming offerings for the subsurface and drilling sector, we will provide access to data and insights on an entire asset, from subsurface to topside, allowing full integration of planning and operations.”
Cognite’s entrance into the subsurface and drilling sector is rooted in the idea that liberated, contextualized data, both structured and unstructured, takes the guesswork out in subsurface and drilling operations. The goal is to give E&P companies and their suppliers ownership, power and insights when it comes to technology implementation, potentially minimizing the time for IT/OT workers to spend looking for and tagging data, and maximizing time spent leveraging their own expertise, scaling efficiencies, insights and discoveries across their organization.
“By making data and information available in a vendor neutral API-based architecture and accessible across an entire organization, APIs which extract, store, contextualize and enrich subsurface and drilling data could become game changers for the sector,” said Dr. Carlo Caso, Senior Director of Product Management, Subsurface and Drilling, Cognite.
How Aker BP is innovating in the subsurface field using liberated data.
Open Subsurface Data Universe (OSDU)
Cognite is a member of OSDU and has committed core resources to track it and ensure CDF is an OSDU-compliant implementation. CDF APIs will be consistent with the standards delivered by OSDU. Cognite’s data scope is wider than OSDU, and CDF will enable full contextualization of the OSDU specific data scope within the full upstream data environment.
For more information
Subsurface and drilling sector representatives interested in learning more about Cognite’s developments in their vertical can visit www.cognite.com/en/cognite-data-fusion/subsurface to read Cognite’s subsurface white paper, Surface Your Data: A Manifesto for Data Liberation in Subsurface and Drilling, sign up for the Cognite newsletter for first access to its upcoming E&P product sheets or to get in touch with a Cognite expert.
About Cognite
Cognite is a global industrial AI Software-as-a-Service (SaaS) company enabling the full-scale digital transformation of heavy-asset industries. Our core software product, Cognite Data Fusion®, powers companies with contextualized OT/IT data to develop and scale solutions that increase safety, sustainability, efficiency, and drive revenue.
Media Contacts
Giedre Malinauskaite, VP Marketing Communications
+47 471 61 641
giedre.malinauskaite@cognite.com
Jonathan Higgins, Communications Director, Cognite
+47 901 10 606
jonathan.higgins@cognite.com