Hoists Sequence Optimization

About business

A leading energy Company in the Sultanate of Oman, it delivers the majority of crude oil production and natural gas supply.

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Challenge

In the oil and gas industry, hoists play a critical role in maintaining the performance and productivity of wells. Hoists are used to lift and lower various equipment and materials necessary for the efficient operation of the wells, such as pumps, pipes, and drilling tools.

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Maintaining the optimal performance of the wells is crucial for the industry's success, as any disruption to productivity can have significant financial implications. Hoists, therefore, are essential for the efficient maintenance of wells and to ensure their continued operation.

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They have a limited number of hoist systems available that are utilized across multiple wells, leading to inefficiencies in distribution and wastage of time. The main challenge entails developing AI-powered software that minimizes hoist-related time wastage while ensuring their optimal and efficient distribution.
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Optimizing hoist schedules is a multifaceted task that involves numerous parameters, posing a challenge to human decision-makers seeking to achieve optimal outcomes. The objective was, therefore, to identify these parameters and devise a solution that incorporates them to streamline hoist scheduling in a more efficient manner.

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Solution

PhazeRo has developed a Proof of Concept (PoC) software solution for the Client to optimize their drilling and maintenance programs using limited resources across multiple wells. Hoist Sequence Optimizer is an AI based solution designed to monitor and ingest data from various sources and produce an optimal schedule that maximizes a particular objective metric while respecting priority constraints.

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The software allows users to model different scheduling scenarios by dragging and dropping wells in a custom order, enabling them to visualize the effects of each change in the schedule on different key metrics such as total time and costs of hoist jobs. This functionality provides users with greater flexibility in optimizing hoist schedules and enables them to make informed decisions based on real-time data.

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By leveraging PhazeRo's software solution, the Client reduced increased hoist productivity with hoists and distributed them efficiently, resulting in significant cost savings for rig management teams. The solution's ability to optimize hoist schedules based on a range of variables and constraints makes it a valuable tool for the oil and gas industry, helping to improve the efficiency and productivity of well maintenance and drilling programs.

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Approach