Equinor will broadly implement Ambyint’s IoT solution to optimize production in North Dakota
After a successful pilot, Equinor will broadly implement Ambyint’s AI-powered artificial lift and production optimization solution, to all rod pump wells in Equinor’s Bakken asset in North Dakota.
Equinor Technology Ventures invested in Ambyint in 2017, with ambitions to use the technology to improve our shale oil operations by automating diagnosis, automatically adjust operating parameters and predict failures. During the pilot Equinor was able to demonstrate substantial value through efficiency and production increase by optimizing over-pumping or under-pumping of the rod pumps. Co-investors include GE Ventures, Mercury Fund and Cottonwood Venture Partners.