The oil and gas industry is undergoing a digital transformation, moving from traditional methods of data collection and management to more advanced, real-time solutions.
The oil and gas industry is undergoing a digital transformation, moving from traditional methods of data collection and management to more advanced, real-time solutions. One company at the forefront of this change is Coldbore Technology, whose innovative approaches are reshaping how data is handled during drilling and completion operations.
Coldbore Technology, led by CTO Alex Fortin, specializes in smart data solutions for the oil and gas sector. It was founded to address the challenges in completions, such as the complexity of operations and the need to integrate various vendors and service companies. The company's technology enables the standardization and contextualization of data on-site in real time, thereby enhancing operational efficiency and decision-making.
Coldbore's flagship product, SmartPAD, is a fully integrated software and hardware platform that provides real-time, sensor-driven data. This technology includes pressure transducers and valve position sensors, which offer detailed insights into frack operations. SmartPAD is pivotal in reducing non-productive time (NPT) by identifying responsibility for delays.
Coldbore has placed significant emphasis on edge computing due to the industry's remote operational environments and inconsistent connectivity. Their edge solution ensures that computation and contextualization of data occur on-site, guaranteeing that personnel on the pad have first access to critical operational data.
Coldbore offers multiple avenues for data access, including MQTT and WebSocket protocols for real-time streaming and API for querying data. Recently, the company has shifted towards Kafka queues for data distribution, enabling clients to consume data efficiently without overwhelming system resources.
Coldbore's commitment to data standardization has led to the creation of uniform data channels across various service companies. This abstraction allows operators to receive consistent data, irrespective of the service provider, facilitating easier data analysis and machine learning applications.
Coldbore utilizes a microservice architecture with Docker containers for both cloud and edge applications. They prefer maintaining a level of control over their infrastructure, opting for a mix of managed and self-hosted services. For data storage and processing, Coldbore leverages PostgreSQL with TimescaleDB extension to efficiently handle time-series data.
The company's software stack includes Rust for embedded systems, offering memory safety and attracting talent interested in developing with modern programming languages. For cloud-based services, Elixir and the OTP framework are utilized for their robustness in handling high volumes of data movement, akin to telecom applications.
Coldbore Technology is making significant strides in redefining data management in the oil and gas industry. By leveraging edge computing, data standardization, and modern programming paradigms, the company has established itself as a key player in the digital transformation journey of the sector. Their solutions not only optimize operational workflows but also pave the way for advanced data analytics, ultimately leading to more informed decision-making and increased operational efficiency.