Olav Revheim

CEO/CTO at Exebenus

Olav Revheim is an experienced executive in the drilling and well software industry, currently serving as CEO and CTO of Exebenus since January 2016, where efforts focus on cost reduction and safety improvement through automated decision-making in well operations. Prior to this role, Revheim held multiple senior advisory positions at Avito AS and Kongsberg Oil & Gas Technologies, as well as leadership roles at Kongsberg Intellifield, Sense Intellifield, Norfass, Peak Well Solutions, and Baker Hughes over a career spanning nearly three decades.

Location

Kristiansand, Norway

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Exebenus

Exebenus is a US-Norwegian company with 40+ drilling engineers and data scientists, focused on developing real-time machine learning applications (agents) to address critical drilling NPT and ILT issues. Targeted machine learning algorithms each work on specific problems, such as mechanical sticking, differential sticking, hole cleaning, washouts, mud losses, bit degradation, motor/tool failure, ROP optimization and others. The offered solution is an automated plug-and-play web application that takes about 20 min to set it up on your next well. It is WITSML vendor-agnostic, with no need for the models to be pre-trained on offset data and no back-office engineering support required. Machine Learning we apply is based on proprietary, new generation and physics informed algorithms that consistently deliver over 90% precision metric on any wells: onshore or offshore, conventional or unconventional, horizontal or vertical. The Exebenus Current ML machine learning agents enable real-time predictive situational awareness during oilfield operations, providing drilling engineers with pragmatic, manageable and easy-to-use instruments to significantly reduce downtime and increase drilling performance. We are transforming Machine Learning from "rocket science" to an everyday "wrench" tool. It is easy, reliable, scalable, "false alarms" proof and affordable. "Why would you ever drill a well without an application that can predict getting a stuck pipe 1-4 hours in advance ? It's like driving a car without the ABS or any other safety system." - senior drilling engineer, US Permian


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Headquarters

Stavanger, Norway

Employees

11-50

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