The second milestone in the bag, quickly moving towards completion of applying our AI software also to legacy rig systems and old installations. Kudos to our partners in the project Equinor, APPLY, Eavor Technologies Inc., PT Pertamina (Persero), SINTEF, The Research Council of Norway, and Odfjell Drilling.
For decades, energy companies have leveraged eDrilling's AI-based technologies to optimize well construction and drilling operations. 250+ wells have to this date successfully been drilled more efficiently, safer, without sidetracks, and with reduced carbon emissions. The Demo2000 program is our demonstration of how the same technology can be applied and add value to existing infrastructure.
By making this technology available for E&P companies globally, we address the cost savings needed for field life extension, and perhaps most important, the sustainability and carbon emission goals of the industry.