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Product Overview
Overview
Corva is a real-time software platform providing 100 apps for drilling & completions to optimize performance, avoid hazards, and track metrics. Users include engineers, management, company men, and field workers.
Business Model
Based on a rig/frac fleet, per month model
Technology Innovations
Corva began just six years ago with a crystal-clear vision to organize and connect the information of the Oilfield, providing powerful products with amazing user experience. To deliver on this vision, Corva designed a product roadmap for a first of its kind digital oilfield platform that spans every workflow involved in drilling and completing a well.
From the beginning, we knew that the secret to Corva’s success would be the final execution of each product on our roadmap guided by the tight partnerships with our clients to ensure that what we build aligns with what the industry actually needs. It has been a winning formula that has established Corva as the undisputed digital platform for drilling and completions.
In 2014, we launched our first app, a real-time Broomstick Plot that transformed engineering analysis by automating complex modeling and allowing our clients to drill faster and safer. Fast forward to today and Corva has blossomed into a thriving ecosystem of over 100 interconnected apps covering everything from Well Design and Drilling Optimization to Frac Optimization, Wireline, and Drill Out. Corva’s apps are powering up drilling efficiency, accelerating ROP, preventing mistakes, and saving clients millions.
Alongside our application framework, Corva has also built a state-of-the-art, 24/7 Operations Center to support you with real-time data quality control and on-demand D&C expertise. Our amazing lineup of products and services has been further bolstered by next-generation Corva offerings, including our Drilling AI technology, Well Design, Competitor Analysis, DevCenter, and Corva Stream solutions. And we’re just getting started.
The world of Corva is all here in the attached product overview. Whether your team is focused on conventional or unconventional, onshore, or offshore, Corva will optimize your operations and boost bottom-line results.
Applications
- Users configure any combination of Corva’s apps and alerts to solve specific drilling challenges such as increasing ROP, decreasing MSE, avoiding downhole disfunction, and reducing non-drilling time
- Torque and Drag models -> broomsticks and helical buckling apps
- Hydraulics package to avoid washouts and packoffs with surge and swab, hole cleaning, ECD, and SPP
- Drilling Efficiency for optimizing drilling parameters including ROP and MSE heatmaps, automated parameter recommendations, and Drillers Road Map
- Directional Assurance to stay in payzone including dogleg severity, actual vs plan, slide sheets, and tool face consistency scoring
- Traces to assist the driller in real time alongside map composite, offset, and models curves along with real time
- Alerts through extensive algorithms through complex procedural frameworks.