New Delhi, At a time of a renewed spike in oil prices, Finnish-Russian digital solutions provider Zyfra said on Wednesday that geosteering and other modern ‘smart’ drilling software systems will help India increase oil well productivity by up to 30 per cent and reduce construction times by half, while mitigating production and process risks,
Zyfra, which achieved $3 million in contracts with its Indian counterparts in 2018, facilitating industrial manufacturers with AI and IIoT-based solutions, said in a statement that it has recently acquired a controlling stake in Geosteering Technologies (GTI), a leading vendor of ‘smart’ hydrocarbons drilling software.
