The Skoltech team created a startup that will help make the right decisions on oil and gas production based on field analysis using machine learning, hybrid modeling and automatic optimization.
A group of researchers at the Oil and Gas Center led by Professor Dmitri Koroteev established Digital Petroleum company, with Skoltech acting as co-founder. The new company’s mainstream activity is the development of oil and gas exploration and production decision-making tools leveraging on machine learning, hybrid modeling of physical and operating processes, mathematical optimization, and automatic dispatching and planning. Consulting is another important line of Digital Petroleum’s core activity. Skoltech scientists have devised methods and tools that help reduce field operation costs and objectively assess a deposit’s potential, while offering a host of other useful features to oil and gas companies.
Dmitri Koroteev, Skoltech Professor and founder of Digital Petroleum: “The new company has become a reality thanks to the outstanding team we built at Skoltech, that brings together experts in geology and oil and gas technology and AI-savvy researchers. The former enjoy immersing themselves in machine learning, while the latter are keen on dealing with practical issues. Working as a team, we are constantly breaking new ground, both in scientific research and in practice, and the impact is not lost on our industrial partners.”
Leyla Ismailova, Senior Research Scientist at Skoltech, co-founder of Digital Petroleum and automatic geomodelling task leader: “The excellent team is our company’s key asset, so we are eager to bring in new ambitious members and are always open to cooperation.”
The Skolkovo Institute of Science and Technology (Skoltech) is a private graduate research university. Established in 2011 in collaboration with the Massachusetts Institute of Technology (MIT), Skoltech cultivates a new generation of researchers and entrepreneurs, promotes advanced scientific knowledge and fosters innovative technology to address critical issues facing Russia and the world in the third millennium. Skoltech applies the best Russian and international research and educational practices, with particular emphasis on entrepreneurship and innovation.
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