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OVS Group
Darcy Presenter

Software and services company dedicated to optimizing assets through company’s configurable software platform, One Virtual Source (OVS). The OVS platform integrates data, manages assets, and optimizes operations.

Published September 14, 2020 • Updated March 12, 2021
Oil & Gas
Power & Utilities
Production
Insights
Details
Materials

Product Overview

Overview

Founded in 2009, OVS Group is a software and services company dedicated to optimizing assets through company’s configurable software platform, One Virtual Source (OVS). The OVS platform integrates data, manages assets, and optimizes operations.

OVS Group sees their platform as an integrated asset management solution. The breadth of their offering has the potential to be a single platform that replaces a number of disparate softwares that are used in the industry.

The One Virtual Source platform is agnostic to database structures, which eases implementation. The platform can be used for surveillance by exception and automatically generates ranked actionable events. The Asset Management Automation (AMA) integrates data and applications with automated workflows. OVS Workflow Library provides off-the-shelf workflows for artificial lift and many other application areas.

Business Model

Subscription Model

Technology Innovations
  • OVS platform is compatible with many types of software, data types, databases, SCADA systems and manual data entry.

  • There is an extensive workflow library that, for artificial lift, includes field data capture tool, gas-lift optimization, ESP surveillance, plunger lift optimization, compressor surveillance and optimization, well test validation, well performance analysis, decline curve analysis, and pump efficiency calculation.

  • Ever increasing number of workflows

  • Workflows can be adapted easily for the requirements of one customer to the next

Applications

OVS group specializes in well surveillance of operations and multiple 3rd party sources with built out workflows to integrate different data sources & create a alarms & alerts engine.

  • Well surveillance
  • Well opportunity management
  • Production priority rankings

In terms of production optimization, OVS provides:

  • Gas-lift optimization using existing physics-based models
  • Plunger-lift surveillance (can optimize)
  • Rod lift surveillance (can optimize)
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