Software&IT
AI

AI solution assessment for well abandonment risks and cost estimation [oil & gas]

Discover how our team delivered an AI proof of concept and conducted a solution assessment for an oil & gas company.

KEY INSIGHTS
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Bridging Data and Domain Expertise

By combining advanced ML techniques with deep industry knowledge, the solution delivered accurate, explainable predictions.

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From Raw Data to Actionable Intelligence

Our team transformed fragmented well data into a unified, clean dataset, enabling precise risk and cost estimation for well abandonment planning.

About the client  

Our client provides robust, data-driven solutions for effective liability and risk management in the oil & gas and energy sectors. Their services leverage data integrity, analytical precision, and financial foresight, ensuring responsible asset management and strategic decision-making. 

AI solution assessment for well abandonment risks and cost estimation [oil & gas]

Project Scope 

In close collaboration with industry experts we discovered an opportunity and iteratively came up with technical objective of the project. Technical team designed and implemented AI/ML fueled approach to estimate well abandonment risk factors and costs. This helps well’s operators plan budgets and allocate resources in a precise and effective way. 

Global Well Data Structuring, Cleaning and Analysis

Data is a foundation of any AI/ML driven project. Therefore, as the first task our team worked on data enhancement and cleansing, ensuring its consistency and accuracy. Integrated disparate data sources to create a unified dataset for further in-depth analysis. 

EDA and Feature Engineering

Prepared extensive and detailed report on available data, possible correlation/casuation insights, data quality and distributions. Combining deep domain understanding and advance toolset for data analysis and feature engineering created flat-structure like data set suitable for further AI/ML work. 

AI/ML Model Selection and Training

Designed and developed setup for iterative AI/ML and feature engineering experiment. Made an educated decision on preprocessing steps, set of features and model design.

Well Status Predictions and Data Visualization

Developed approach successfully used to estimate well abandonment risk factors and costs. The selected approach allowed us to get both – highly confident results and their explanation, which was appreciated and welcomed by domain’s experts.

PROJECT INFO

Industry

Oil and Gas

Location

USA, Texas

Team Size

1 PM, 1 ML Engineer, 1 Partially involved Subject Matter Expert (SME)

Technologies

AWS Cloud, AWS SageMaker, PostgreSQL, XGBoost, Featuretools, Pandas

Clients’ words

Crunch impressed us with their technical excellence and the sheer ‘meeting of minds and cultures’ and open, honest exchanges. This was not a decision we took lightly, and 5 months into the engagement we continue to be really impressed with how Crunch approach the collaboration, and we’re delighted with the calibre of the team we have working with us.

Gary
Managing Director at a UK Software Development company

Crunch impressed me with is the quality of developers. It is simply much better than in any other company we’ve tried working with.

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Klaus
CEO at YouWe

We are impressed with their performance, how they are engaged with product development, and how they care about the product.

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Sebastian
Co-Founder & CTO at Accountflow

It’s been a very enjoyable experience. All has been fantastic about communicating, and working.

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Marta
Consultant at GIA Networks

Our partnership with Crunch has been an invaluable resource as we’ve scaled.

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Ryan
CTO at WorkDove

What I found in Crunch was the technical competency, ability to think outside the box, and very good English.

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Garrett
COO at Tabulate

They have a large impact on the whole architecture we ended up with. Overall, I’ve been pleased and impressed with everything Crunch did for us.

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Kenneth
CTO at Zuar

Working with Crunch was easy. They were patient with us as we worked through the contract questions and patient again as we were getting our billing set up. The design work was elegant and the developer delivered the app we had contracted for on time and good quality.

Scott
VP of Software Engineering at Analytic Index

The team at Crunch was very nice to work with. They worked diligently and were very professional. When questions or technical problems arose, they answered them quickly and were always ready and kind about helping us.

Miia
Business Management at Conmark Systems

Crunch developer helped us deliver an important feature for our project much faster than expected.

Rosario
VP of Engineering at Profitap

Crunch facilitated a seamless, collaborative effort throughout the project. The team maintained open lines of communication, kept detailed records of task assignments, and adhered to project timelines. Their expertise regarding both design and development sets the company apart.

Sisun
CEO at Chintech

Crunch provides ongoing development support that meets project requirements as needed. Despite their offshore location, they are easy to work with and accessible through communication channels

Bob
CTO at Timegen

The best vendor we could possibly find. Crunch blends practical development with innovative design principals. Internal and external feedback to app development has been positive. They complete project milestones by the planned schedule and deliver within budget. The team’s responsive and willing to engage in productive dialogue.

Jeff
CEO at USA Software Company

Crunch exceeded my expectations. I appreciated the developers’ resourcefulness in the face of constraints and complex requirements. The company able to deliver and complete the project successfully.

Kate
Product manager at Mezonin

The project has gone smoothly so far. Crunch has an exceptional work ethic. Consequentially, they’ve been able to tackle every challenge that comes their way. They manage day-to-day work on their own well but also communicate with us regularly to make sure we’re on the same page.

Andrew
CMO at Qinetics

The app Crunch worked on is clean, streamlined, and functions as intended. Crunch goes above and beyond to ensure that both teams are in tune. The passionate team crafts an enjoyable experience through their positive demeanor and effective project management skills. The team was very friendly, and working with them was a pleasure.

Ian
CEO at Biomicc

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