Corva Opens the Doors to Its Development Platform and Unleashes a Salvo of New Products Aimed at Drilling Faster, Safer, More Profitable Wells
Leading provider of oil & gas software unveils latest product release that includes well design, formation evaluation, directional drilling, and well control solutions as well as Corva Dev Center, which enables rapid development and deployment of business solutions by energy companies and third-party developers.
HOUSTON, Oct. 7, 2020 /PRNewswire-PRWeb/ -- Corva, the leader in real-time drilling and completion analytics, announces the release of its latest product lineup that introduces five new and expanded solutions, including a new software development framework designed to allow energy companies and other third parties to build, host, and even monetize apps on the Corva Cloud. The product release also delivers a wide range of drilling apps for rapidly creating well designs, analyzing formations, improving directional drilling accuracy, and preventing catastrophic well events. Corva's latest round of product additions builds on the company's strategy to expand and enhance its category-leading drilling and completions platform through continuous product releases.
"Corva Dev Center is poised to revolutionize how the oil & gas industry builds and consumes applications in the same way the iPhone changed how we think about consumer apps," said Ryan Dawson, CEO and Founder of Corva. "Leveraging all of Corva's extensive technology base and domain expertise, we're creating a space on which developers, engineering, geo techs, and data junkies can endlessly imagine and make their software ideas a reality, all in a single solution that renders data wrangling, hardcoding, and unsustainable solutions ancient history," Dawson said. He added, "in addition to Dev Center, I am excited about the rest of our product release, which starts us on an exciting journey toward a 5-minute well pad program with the launch of Corva Well Design and introduces an arsenal of new apps for Formation Evaluation, Directional Drilling, and Well Control."
Energy companies have myriad needs to gather, process, analyze, and visualize business data, from pre-drill assessments, subsurface analysis, and planning to drilling, completions, and asset monitoring. Traditional software solutions require highly specialized programming knowledge to develop and rely on a fragmented array of development tools that create data silos and redundancies. As a result, these solutions are time-consuming to build, require code to be written from scratch, and expensive to maintain over time.
Corva Dev Center provides oil & gas teams and freelance developers a unified application delivery solution that offers a complete set of oil & gas specific building blocks, including live rig data streams, out of the box templates, rich user interface components, and more. As a result, teams eliminate the need to create code from scratch and host their own software while accelerating the deployment of purpose-built solutions on Corva's industry-leading cloud platform. This enables energy companies to maintain ownership of their intellectual property (IP), rapidly create solutions that match their needs and gain competitive advantage.
In addition to Corva Dev Center, the following product lines have been announced or expanded:
- Well Design – A suite of engineering apps focused on minimizing the time required to create complex drilling programs. Includes Corva's Composite Well and Well Schematic apps.
- Formation Evaluation – Next-generation well log visualization and analysis that enables cross-functional collaboration between engineering and geoscience teams via out of the box log views as well as custom templates that can be shared and reused.
- Directional Drilling – Introduces Corva's Directional Guidance for analyzing bit divergence and automatically generating optimal drilling steps back to plan that balance cost and drilling performance. Plus, Bit Projection to visualize rotary and slide trends.
- Well Control – A suite of apps designed to prevent dangerous kicks and lost circulation events. Enables drilling teams to compare flowback signatures on connections with Corva's Fingerprinting app and anticipate well control events using the automated Trip Sheet app.
With its latest product release, Corva continues to execute on its roadmap of solutions that target specific business challenges, workflows, and pain points from the rig to real-time operations centers. By incorporating well design into its platform, Corva now offers the industry's only unified well delivery platform built on the cloud for creating and implementing designs that help operators optimize costs and production returns.
About Corva
Corva is a Houston-based technology startup focused on helping oil & gas companies to optimize drilling and completions through real-time data insights and analytics. The company built a first-of-its-kind software platform for delivering a suite of nearly 100 mobile and web apps to monitor drilling and completions, identify hazardous conditions, and give users recommendations based on current and historical subsurface data. As a result, Corva increases rate of penetration, improves frac performance, and reduces costly rig downtime. Corva's software products support oil & gas drilling operations across North America with hundreds of users, including drilling engineers, superintendents, rig crews, and management. For more information, please visit http://www.corva.ai.
SOURCE Corva
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