Empirica

Empirica is well risk modeling and integrity management software designed to help production and well integrity engineers visualize and understand risks associated with oil leaks and gas emissions in oil and gas wells. It uses analytical risk modeling to analyze the thousands of potential leak paths in a typical well, which would be impossible to do manually. 

The software enables engineers to run complex scenario analyses in real-time, even during risk assessment meetings, providing consistent and detailed results within seconds. It offers a comprehensive assessment of the entire well, with leak path analysis capabilities that surpass manual methods.

Empirica features dynamic well barrier diagrams that clearly visualize risk, allowing for effective communication of well conditions to management. This helps reduce well issues, lower risks, improve uptime, and increase production volumes.

A key capability is the ability to understand and address well issue risks proactively, before they occur. This eliminates decision time for well issues and allows for pre-approved action plans. The software enables efficient handling of routine anomalies and provides already-completed risk assessments for most well issues.

By using Empirica, engineers can strike an optimal balance between safety and production, protecting people, the environment, and company assets. The technology helps safeguard thousands of barrels of daily production, potentially worth tens of millions of dollars annually, by enabling better planning, reducing surprises, and improving understanding and control of well risks.