ITPS unveils AVIST Oil&Gas Digital Service at CIPR 2022

On June 1-3, 2022, the VII annual Digital Industry in Russian Industry conference (CIPR 2022) took place in Nizhny Novgorod. The event's primary purpose was to establish a constructive dialogue between the state and business on the digital transformation of the Russian economy and industries.

Delegates from the Russian government, heads of ministries, and agencies attended the CIPR as guests of honor. "Our task is to make Russia the birthplace of services, products, and specialists in demand on the global market. This is the driver of digital transformation in the country. And we count on the participation of the entire IT community in solving this problem. I am sure that together we will achieve success," stated the Prime Minister of the Russian Federation, Mikhail Mishustin, in his welcoming speech.

Traditionally, there was an exhibition at the CIPR, which presented the best Russian solutions that meet the challenges of the digital economy. The ITPS Group of Companies presented an innovative approach to implementing the 'Intelligent Field' concept based on the AVIST Oil&Gas digital service, which increases operational efficiency and production optimization based on digital integrated modeling tools. The solution has immediate economic effects: an increase in hydrocarbon production up to 1-2%, an increase in labor productivity up to 40%, and a decrease in underproduction. On the second day of the exhibition, the AVIST Oil&Gas service was presented to the Minister of Digital Development, Communications, and Mass Communications of the Russian Federation, Maksut Shadaev.

"Fully realizing the potential of an oil and gas production asset is impossible without digital tools that provide the ability to analyze production data and make forecasts on an operational and long-term horizon. For this purpose, we developed the AVIST Oil&Gas service, which enables oil and gas companies to quickly acquire all the necessary tools: integrated modeling, integrated planning, and capacity management. With their help, our partners can get targeted business effects in the shortest possible time, expressed in maximizing production while reducing the cost of production," commented Head of the ITPS Integrated Modeling Department, Anton Ovchinnikov.