Panoro Energy, an independent operator focused on maximizing the value of mature oil and gas fields, faced the industry-wide challenge of declining production and escalating operational costs. With assets in Tunisia, Equatorial Guinea, and Gabon, Pandoro sought a strategic solution to optimize production, minimize downtime, and extend the economic life of its aging fields. Traditional methods, reliant on historical data and manual adjustments, were proving increasingly inadequate to meet these goals. Panoro recognized the need for a transformative approach that leveraged the power of data and artificial intelligence. Still, they required a partner who could deliver a tailored solution, not a generic, off-the-shelf product.
Panoro Energy partnered with dakAIi, a boutique consulting and AI-powered solution developer, to embark on a journey of innovation. Rather than imposing a pre-fabricated platform, dakAI engaged in a thorough, collaborative process with Panoro's operations team, gaining a deep understanding of their specific challenges, assets, and objectives. This partnership led to a phased approach, carefully designed to deliver quick returns and establish a foundation for long-term value:
By implementing advanced analytics and machine learning, Panoro gained the ability to optimize well parameters in real-time, leading to enhanced extraction rates and maximizing the recoverable reserves from their existing assets. This translates to a significant uplift in production, extending the economic life of these fields and improving overall asset value.
Panoro transitioned from a reactive to a proactive maintenance regime. The ability to anticipate equipment failures and perform timely interventions minimized unplanned downtime, ensuring consistent production, reducing operational costs, and mitigating safety risks associated with equipment malfunctions. This also allowed for better planning of maintenance activities.
Real-time data analysis, coupled with intuitive dashboards and actionable insights, empowered engineers and operators to make faster, more informed decisions. This newfound agility enabled Panoro to respond more effectively to changing field conditions and market dynamics, optimizing performance and maximizing profitability.
through accurate prediction and prevention of equipment failures.
from existing wells, achieved through AI-powered optimization of well parameters.
acheivable increase in asset life
Get in touch with us to learn more about our holistic approach to AI.