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Zyfra tests AI solution to boost oil well production, eyes Indian market


Zyfra Group, a Finnish-Russian AI and for industries, has successfully tested a software unit designed to enhance by 1.5 per cent with no additional capital investment.

The electrical submersible pump (ESP) software unit has been operational now for more than three months on 500 across western Siberia in which claim an additional profit of two million dollars and 1.5 per cent growth in production.

"The digitalisation of will help simplify extraction of while at the same time extending the lifespan of the oilfield by more than one decade," said Zyfra's in a statement.

The company plans to reach a target of 50 million dollars in India-related deals by 2021, up from three million dollars currently.

It has launched 17 pilot projects with partners like Spudweb, Parivartan Automation, Abcon Group, and from defence, aerospace, petrochemicals, metallurgy and fields.

Zyfra operates in Finland, Russia, China, India, Singapore, Bulgaria, and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 11 2019. 17:24 IST