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Our Projects

Energy Asset & Business Management

Use Case

  • Energy resources transactions - large market size

  • Energy resources data is fragmented, residing in physical media such as analog tapes, paper and multiple databases.

  • Implementation of a business development platform can help maximize asset data integrity and enable digital workflows for asset rationalization, accelerated deal flow and timely asset reallocation.

Our Approach

  • Technology collaboration with a U.S. onshore natural gas resource player.

  • Proprietary architecture includes visualization, database and expert system for data consolidation, visualization and analysis.

  • Web-based Proof-of-Concept demo with data consolidated from multiple sources in a virtual data room.

Machine-readable Contracts

Machine-readable Digital Contracts

Machine Readable Contract.jpeg

Use Case

  • Business contracts typically lack uniformity. Their state poses missed opportunities as they contain data-entitlement, obligations, liabilities—core to formalize relationships between parties.

  • Adoption of digital technologies is transforming  contracts from static files to dynamic data—creating more collaborative, data-driven documentation.

  • New contract “data models” would drive productivity via automation, eliminate human error, and improve process efficiency and consistency.

Our Approach

  • Build on Seismic Data Entitlement project.

  • Technology collaboration with Imperial College London (UK), Faculty of Engineering, Department of Computing.

  • Proprietary architecture ​includes translation of digitalized contracts (e.g. pdf) to simplified text, use of syntax tree and machine learning (artificial intelligence), and conversion to software code.

 

  • Ongoing feasibility study for digital workflow with ​proof-of-concept demo in Q1-2023.2023.

Multi-client Seismic Data Entitlement

Multi-client Seismic Data Entitlement

Use Case

  • Multi-client seismic market valued at $2.5 billion in 2019.

  • Multi-client seismic data is fragmented, residing in physical media such as analog tapes, paper and databases.

  • Implementation of digital technologies can help maximize seismic data integrity, traceability and contract compliance across the industry.

Our Approach

  • Technology collaboration with Imperial College London (UK), Faculty of Engineering, Department of Computing.

  • Proprietary architecture includes visualization, database and expert system for managing data entitlement states.

  • Web-based Proof-of-Concept demo: multiple surveys and company states subject to contractual terms and conditions.

Digital Catalog Management

Digital Catalog Management for MRO e-Procurement

Use Case

  • Industrial maintenance, repair and operations of machinery and equipment (MRO) industry valued at $730 billion in 2022.

  • MRO parts data is highly fragmented, mostly residing in supplier catalogs, databases, and on paper.

  • Implementation of digital technologies enable optimization of e-procurement, resulting in improved financial controls, process compliance, and cost savings.

Our Approach

  • Technology collaboration with a major global EPC in the Energy & Resources industry and a Europe-based software developer.

  • Proprietary software architecture includes data harvesting, visualization, analytics and automated workflows.

  • iCaravel Digital Catalog Platform* and associated services were launched in 2022; several pilot projects underway.

(*) iCaravel Digital Catalog Platform is a trademark of iCaravel.

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