Shale oil and gas have become an increasingly important energy source, especially in the United States. The demand to have software that enables the efficient extraction of shale oil and gas continues to grow, as this kind of software prepares an effective fracking plan which directly increases well profitability.
Our client develops and sells a complex software product, which prepares the plan for hydraulic fracturing (also known as fracking) to extract shale oil and gas. However, the software was outdated and had no documentation, making it hard to support and add new functions. They needed a partner that could develop a roadmap to modernize the product and lead the modernization process.
Bringing on industry and technology experts and using an Agile methodology, Luxoft delivered the most critical system components and integrated them with the client’s legacy components. Luxoft delivered these components in just 9 months.
The following enhancements were delivered:
- Integration with other systems to unable data exchange (before was done manually)
- Real-time data collection and reliable transmission of huge amounts of data to the central database for further manual and automated analysis
- Enhanced job management that enables real-time support of multiple wells at the same time (before only one was supported)
Our client now offers an enhanced software solution for geologically-driven modeling of natural fracture networks to optimize well planning and stimulation strategies, which gives the company a strategic advantage and niche in their industry.
With the new features, our client was also able to boost the sales of their software product, and can further modernize their product via a roadmap.
The product keeps track of the pumping schedule, water/sand/chemicals proportions, pressure, volume, and rate of fracking. The future roadmap includes migration of all functions to newest technologies and add machine learning for historical data analysis.