startup companies

Making money on drilling innovation requires finding a technology that solves a significant problem, executing a good plan, and getting out while still ahead.

PipeFractionalFlow, a spinoff startup from the University of Texas at Austin, uses new theories and equations to make modeling complex multiphase flow more affordable. A model recently developed offers operators an “independent and unbiased” way to validate the system and select candidate wells.

A key aspect of the project discussed in this paper is the use of minimal initial-production facilities to achieve significant early production from each of four preconstructed artificial islands.