OMV set targets in early 2020 to deliver a 90% reduction in well planning time for production wells by the end of 2022 and a 75% reduction in the duration of the development phase of projects by 2025. It recognized that to achieve these targets, it would need to become a digital front runner in the energy industry. OMV’s digital transformation goals gained greater urgency with the outbreak of the COVID-19 pandemic in early 2020—calling for better integration of its global asset teams while those teams are working from home

OMV selected SLB as its partner of choice and signed a 5-year digital collaboration contract for the global enterprise-wide deployment of AI and digital solutions in the cloud-based Delfi digital platform, following a successful pilot program

• OMV’s subsurface team used AI-integrated workflows to run 200 reservoir model realizations in around 6 hours instead of 23 hours.
• The well delivery team planned eight wells in the time they would normally take to plan one.
• The turnaround time of seismic interpretation to structural modeling workflows was reduced from 8 weeks to 10 days, a 75% improvement.

The long-term agreement will continue to drive collaboration and deliver comparable successes at an enterprise scale, enabling OMV to accelerate performance and transform efficiency to achieve its targets.

Read the press release.