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Avenirre

Avenirre is a cloud-based SaaS platform developed to combine proven oilfield service automation and prudent upstream oil and gas corporate business intelligence. This tool looks to automate operations and reporting of mature assets at both the field and corporate levels.

Published February 18, 2022 • Updated April 29, 2022
Oil & Gas
Sustainability
Methane Emissions
Production
Insights
Details
Materials

Product Overview

Overview

Avenirre has developed an automated energy asset business intelligence tool for environmentally aware operators. This tool includes optimization, expenses, forward projection and emissions all in one providing an end to end cloud-based software to fully monitor and optimize your mature assets.

On the hardware side, Avenirre offers the Gophirr and Ascensirre products which allow you to better capture and transmit data from the field in real time.

Automation & Visibility: Optimization logic based on pressure-based reservoir optimization, applicable to all lift types but particularly advanced for plunger lift

Management Dashboard: Provides cash flow of asset base at 6/12/24 months, can be drilled down to the well level

Emissions Dashboard: Avenirre calculates the volume of known emissions sources and volumes on a daily basis. We further highlight the associated net revenue loss for each well for purposes of recycling capital used on emissions reductions.

Business Model

Software as a Service (SaaS) Pricing based on price of one barrel of oil per well per month

Technology Innovations
  • ESG Compliance - seeking to be first oilfield services company to achieve EPA E3 certification
  • AutoShot: calculates automated FBHP
  • Synirrgy: Intermittent and Plunger Lift production coordinator
  • AutoDeclide: mathematically-derived automatic forecasting tool that applies preferential weight to the last 60 months of production and identifies outliers to recognize reservoir signal change
  • Economic Reserves: internal and multi-variate report in Avenirre that offers multiple forecasting, expense and pricing scenarios for the purpose of unaudited reserve value and volume estimation
Applications

Avenirre Business Intelligence (BI)

  • Operating cashflow projections
  • Trend analysis tool
  • Well performance alarms
  • LOE trend analysis
  • AutoDecline functionality for automated reserves forecasting
  • Reserves estimation
  • Fluid haul reports for auditing
  • Access to plunger automation information and controls
  • Plunger lift candidate recognition page
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