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Stimline Digital specializes in software solutions aimed at drilling and wells teams. Through its IDEX Collaboration Platform, it offers tools for digital planning, automated daily reporting, and performance analytics. This cloud-based platform includes Planner, Performer, and Analyzer applications, designed to enhance efficiency across all drilling and well operations.
Published September 14, 2020
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Updated April 12, 2024
Oil & Gas
Completions
Drilling
Production
Product Overview
Overview
Stimline Digital is at the forefront of transforming drilling & wells operation for energy companies through its IDEX Collaboration Platform. This cloud-based solution, comprising Planner, Performer, and Analyzer applications, optimizes the entire drilling and well operations lifecycle.
Planner, is the engineers app where best practices, risks and lessons learned are utilized to create a detailed digital program and get required approvals.
Performer, is the operations app providing detailed work instructions automatically generated from the detailed plan. It includes automated job reporting, capturing lessons learned and streaming of real-time data on connected rigs.
Analyzer, is the insights management app providing automatic reports of as-run vs plan, analysis of performance and tracking of KPI’s.
Business Model
Software as Service (SaaS). Flexible payment terms to match operator needs.
Technology Innovations
What makes the company’s technology unique / different from other solutions?
- Collaborative - Cloud based, accessible anywhere and agile adaptation to rapid changes
- Full connectivity in real-time with other software (i.e. Landmark or similar)
- Zero churn with customer requests, with an average turnaround time for software adjustments of 4 weeks.
Applications
What existing industry problem(s) does the company’s solution(s) seek to address?
Planning:
- Labor Intensive and data crunch/manual work
- Lack of data consistency and traceability
- Link between a digital program and the well execution
Execution:
- Manual entry of daily reports
- Inefficient risk-to-operation linking
- Ineffective communication style with the office
Review:
- Slow end of well to AAR timeline
- Dated lessons learn capture/databases
- Too much data in siloed sources