A Decade of Transforming Energy Operations with Corva
As Corvacon 2024 wraps up, we reflect on an event that brought together visionary leaders, pioneering experts, and passionate professionals to celebrate Corva’s journey over the past decade. Marking both the 5th annual Corvacon and Corva’s 10th anniversary, this year’s event reached new heights with a record 234 attendees and 373 registrants, underscoring the industry’s dedication to digital evolution. This year’s theme, “Digital World's Fair,” exemplified Corva's global impact and commitment to transforming energy operations through the latest digital advancements.
Introducing Corva's New Mascot: Appy
One of the event's most anticipated moments was the introduction of "Appy," Corva’s new mascot. Designed to embody the user-friendly, fun, and innovative spirit of Corva’s technology, Appy brings a new level of interaction to the platform, aiming to help users optimize operations with ease. Appy was a hit among attendees, representing Corva’s commitment to approachable, powerful digital solutions that enhance every aspect of energy operations.
Keynote Sessions: AI Innovations and Strategic Synergies in Energy
Corvacon 2024 opened with inspiring remarks from Corva’s CEO, Ryan Dawson, who emphasized Corva’s focus on expanding the possibilities of artificial intelligence and data integration in the energy sector. The keynote, AI Innovations Unveiled, offered attendees a deep dive into Corva's latest breakthroughs in AI-driven products designed to transform Drilling, Completions, and Production operations.
- Predictive Drilling (William Fox): Showed how Corva’s AI can lower the average cost per foot drilled, optimizing drilling parameters in real-time to drive superior results.
- Frac AI (Jessica Iriarte): Demonstrated the potential of AI to improve hydraulic fracturing by enhancing precision and efficiency.
- Production AI (Amir Salehi): Provided insights into predictive analytics for production operations, which allows companies to address inefficiencies proactively.
The keynote continued with Operationalizing Geoscience, where Ryan Dawson and Dan Lowrie explored the strategic value of building synergy between drilling and geology. These conversations highlighted the benefits of collaborative, data-driven partnerships to streamline energy operations.
Closing out the keynote lineup, Fusion AI, led by Agustin Maqui, presented an AI-powered solution to drive data quality more efficiently and accurately across platforms. As a hands-on highlight, Jeff Jensen delivered AI Unplugged: A Hands-On Code Demo, showcasing the technical depth behind Corva's AI capabilities. The session wrapped up with a surprise announcement from Ryan Dawson, unveiling Ask Corva, a brand-new mobile app to simplify decision-making on the go.
Afternoon Spotlights: The Future of AI in Energy
This year’s afternoon spotlight sessions brought industry trailblazers together for thought-provoking discussions about the future of AI and digital transformation in energy.
The Golden Age of AI featured Sebastian Gass, CTO of Quantum Capital Group, who outlined the impact of AI on decision-making in energy, emphasizing its ability to improve efficiency and foster better risk management. Gass underscored Quantum’s data-driven approach, stressing the edge AI provides in today’s fast-paced investment landscape.
The AI in Action Panel featured key players, including leaders from Nabors, ConocoPhillips, and AWS, who discussed their experiences deploying AI at scale. The panel offered valuable perspectives on the practical applications and future opportunities AI brings to operational excellence, shedding light on how these advancements enable smarter, faster decisions across the industry.
A standout presentation came from Sebastien Matringe of Hess, who shared the company’s Hybrid Production Forecasting approach for unconventional wells. By blending physics-based and data-driven methods, Hess has created a predictive model that scales across entire basins and enhances forecasting accuracy for both current and future wells. J.T. Wilkerson from Genesis Energy Management rounded out the afternoon by sharing insights into the future of Remote Drilling and Completions, highlighting how these innovations set new standards for operational efficiency.
Innovation Circuit: Spotlight on Collaborative Solutions
This year’s Innovation Circuit emphasized Corva’s commitment to solving real-world operational challenges through collaboration and innovation. Companies across the energy spectrum shared groundbreaking solutions that improve performance, save time, and cut costs.
- NexTier’s Collaborative Fleet Management App: Vidya Bammidi presented NexTier’s new app designed to reduce Non-Productive Time (NPT) by addressing wellsite challenges through seamless collaboration and scheduling. With features like a Virtual Pad, Event Planner, and real-time actionable insights, NexTier’s solution reduces downtime and improves cost savings on well sites.
- Shell’s Wells Digital and Performance Improvement Journey: John Boyd shared how Shell utilizes Corva’s platform to improve performance, including optimized Shoe Track Drilling. Shell’s performance management efforts have led to consistent results and reduced variability, with a projected savings of $5 million annually.
- Baker Hughes: A Global Journey to Extract Value with Corva: Josiah Cantu detailed Baker Hughes’ success in using Corva’s platform to realize global improvements, including a 30% increase in W2W efficiency and a 19% improvement in Rate of Penetration (ROP) per project.
- Core Geologic’s From Rock Layers to Results: Mike Kuligowski’s presentation delved into how geology and directional drilling can work together to improve wellbore placement accuracy. His insights explored the relationship between subsurface rock conditions and wellbore deviations, emphasizing geology’s role in precision drilling.
Closing Reflections: A Decade of Transforming Energy Operations
As Corvacon 2024 came to a close, attendees left with a renewed sense of purpose and inspiration. The event not only celebrated Corva's 10-year journey of innovation but also set the stage for the future, where digital solutions, AI, and global collaboration will continue to shape the energy landscape. Corva’s dedication to providing transformational technology and actionable insights empowers energy professionals to face future challenges head-on, making Corva an indispensable partner in digital transformation to drive performance.
With its robust lineup of sessions, panels, and innovative showcases, Corvacon 2024 captured the pulse of an industry in transition. We thank our partners, speakers, and attendees for making this event a milestone, and we look forward to continuing this journey together. Here’s to the next decade of innovation, growth, and shared success!
We look forward to staying on this journey into the future of energy with you. If you’d like to learn more about Corva and our innovative collection of energy apps, reach out to us here.
Nov 15, 2024
