An Oklahoma City artificial intelligence firm has announced a strategic partnership with a Texas based company specializing as a rock and fluids labratory for the petroleum industry.
Senslytics, an Oklahoma City startup founded in 2015 by Rabindra Chakraborty, and GeoMark Research of Houston, a Geochemical and PVT data and analylsis, formed a partnership aimed at revolutionizing science-backed decision-making in the upstream energy industry. Senslytics is a provider of patented artificial intelligence solutions.
“We are excited about the potential of this partnership to drive innovation and create meaningful impact across the energy industry. Together, we will push the boundaries of what AI can achieve by unlocking insights from our two companies’ technical experts,” added Blake Bixler, CEO at Senslytics.
Bixler, formerly the Chief Operating Officer at EagleClaw Midstream which was acquired for $2 billion by Blackstone, joined the company in May 2022.
The joint venture will focus on developing state-of-the-art solutions that harness the knowledge of over 100 years of petroleum system research with a unique form of artificial intelligence, which merges that knowledge with data to provide valuable predictive tools that usher in the next stage of AI for energy operators.
“By combining our strengths in PVT and petroleum systems analysis with their innovative approach for artificial intelligence, we are confident in our ability to redefine what is possible in data-driven decision-making,” said Ethan Brown, President at GeoMark Research.
This collaboration brings together GeoMark Research’s high-quality data and expertise in PVT and fluid analysis and Senslytics’ proprietary artificial intelligence capabilities to create a powerful synergy. In a pressure-volume-temperature (PVT) lab, researchers employ an arsenal of instru- ments to determine reservoir fluid behavior and properties from oil and gas samples.
Key elements of the partnership include:
Innovative AI Algorithms: Combining GeoMark Research’s robust PVT and geochemical data repository with Senslytics’ AI algorithms will enable the development of groundbreaking solutions for a wide range of applications, including fluid property estimation while drilling, such as GOR, fluid density, API gravity, and high-resolution geochemical parameters such as allocation and contributions.
Enhanced Decision-Making: The collaboration will provide tools that, backed by tested industry knowledge, essentially take the power of subject matter experts to constrain and train the AI tools that companies need to make data-driven decisions. By leveraging the strengths of both companies, the partnership seeks to deliver solutions that provide actionable insights, streamline operations, and drive efficiency.
Thought Leadership: As pioneers in their respective fields, GeoMark Research and Senslytics will actively contribute to thought leadership in the AI and PVT/geochemical analytics space. This includes sharing insights through conferences, webinars, and publications to promote knowledge exchange and drive the industry forward.
Customer-Centric Approach: The partnership places a strong emphasis on customer satisfaction. By collaborating closely with clients, the joint venture aims to tailor solutions to meet specific needs, ensuring maximum value and impact.
Source: press release