Network Effects and AI combined to deliver new asset management possibilities
As popular federal and provincial government subsidy programs end and the industry faces challenges with the cost of ARO stewardship, new efficiencies must be found to support Well Abandonment and Inactive Site Remediation. Through targeted AI, our Digital Liability Management service reduces the cost of data collection and validation by as much as 90%. Millions of lines of government-generated liability data are searched to identify deemed liability processing and allocation errors that are easily reversed.
Digital Liability Audit
No matter how many well sites you have, our Digital Liability Management service utilizes the incredible power of targeted AI to identify data errors in both internal and external databases. There is no better example of the potential impact of our DLM algorithms than when we conduct a routine Digital Liability Audit, which can identify several thousand to several million dollars of deemed liability errors that can be reversed.
Site-Specific Risk Prioritization
We understand that end-of-life asset management often lacks sufficient staffing and financial resources, which can make it challenging for most producers to achieve efficient and compliant stewardship. Our targeted AI addresses this issue.
Our system efficiently prioritizes compliance activities across your entire asset base and ensures that all routine planning, inspecting, and reporting activities are automated and executed at scale and within budget. By leveraging our Digital Liability Management, you can be sure that your digital liabilities are being managed effectively and compliantly, without breaking the bank.