{"id":7397,"date":"2020-09-10T12:03:24","date_gmt":"2020-09-10T12:03:24","guid":{"rendered":"https:\/\/biodentify.ai\/?p=7397"},"modified":"2020-12-02T19:20:29","modified_gmt":"2020-12-02T19:20:29","slug":"exciting-pilot-project-results-are-now-in","status":"publish","type":"post","link":"https:\/\/biodentify.ai\/exciting-pilot-project-results-are-now-in\/","title":{"rendered":"Successful Pilot Project Results Now In!"},"content":{"rendered":"\n

Biodentify recently finished two EU-funded H2020 projects with extremely successful results. Our patented technology combines leading microbial DNA analysis, with artificial intelligence and machine learning. This significantly reduces risk and saves money in drilling exploration or step-out wells, and provides a highly accurate, cost-effective, direct hydrocarbon indicator.<\/p>\n\n\n\n

The first project was set in a conventional and unconventional setting in the Vaca Muerta area of Argentina. The second project was an unconventional production prediction project in Texas and North Dakota.<\/p>\n\n\n\n

The EU H2020 grant is<\/a> awarded to innovative SME companies within future and emerging technologies to take great ideas from laboratories into international markets. Another important reason we were awarded the EU grant was that our innovative technology avoids unnecessary exploration drilling, which leads to less environmental impact. Less than 3% of companies who apply make it through, and all are subjected to vigorous testing and screening before being awarded the grant.<\/p>\n\n\n\n

What Biodentify does\u2014predicting hydrocarbon presence<\/strong><\/h3>\n\n\n\n

Biodentify predicts the presence or absence of hydrocarbons in the subsurface. This provides three main benefits to oil and gas companies: to reduce risk, maximize returns, and save money. We de-risk drilling of exploration wells both on and off-shore. We also deliver accurate field delineation services, minimizing risks of drilling unsuccessful wells\u2014saving companies many millions.<\/p>\n\n\n\n

We maximize financial returns through mapping shale productivity, before drilling, pinpointing high producing areas and so avoiding the drilling of uneconomic wells. And we save companies money through being a direct hydrocarbon indicator that is very cost-effective compared to seismic exploration\u2014and with >70% correct predictions, it\u2019s much more accurate than traditional surface geochemistry techniques.<\/p>\n\n\n\n

Biodentify pilot projects\u2019 goals and deliverables<\/strong><\/h3>\n\n\n\n

The main goals we set<\/a> for our Phase 2 EU H2020 Grant Project were as follows: i) to achieve early market penetration with pilots for active oil and gas companies in the US and South American markets, ii) improve innovation and make it market-ready\u2014also by expanding our microbial DNA database and machine learning capabilities which improves future prediction in itself, and iii) to leverage market acceptance through extending our customer base. Our final delivery for all projects was a clear, microbiologically derived, prospectivity map from our now proven methodology.<\/p>\n\n\n\n

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Summary of our direct hydrocarbon prediction process<\/strong><\/h3>\n\n\n\n

The diagram below shows the steps of our patented methodology. Using advancements in DNA sequencing and machine learning for the application of microbiology in oil and gas exploration is a natural addition to seismic, and a progression from older geochemical methods.Using seismic data and its interpretation as the first case locator of possible target reservoirs, our technology can then be used to explore further via sampling over a relatively large area of land.<\/p>\n\n\n\n

If specific oil and gas prospects have already been identified, it\u2019s easy for us to do our shallow grid sampling over many miles\/km to effectively narrow down prospective well areas, and\/or rank different well targets based on our hydrocarbon indicator predictions. <\/p>\n\n\n\n

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The exciting results are in, clearly proving success<\/strong><\/h3>\n\n\n\n

These projects took place over two years, and the results were as follows:<\/p>\n\n\n\n

Conventional and unconventional target identification in the Vaca Muerta area, Argentina. <\/strong><\/p>\n\n\n\n