Wellbore Matters to Commercialize Teradata Technology in the Oil and Gas Industry’s First Platform Deployable Solution for Drill Bit Inspection and Analysis Automation

GALVESTON, Texas–(BUSINESS WIRE)–Wellbore Matters, LLC today announced at the largest drilling conference in the United States, IADC/SPE Conference and Exposition, that it has been granted an exclusive license to integrate Teradata’s incubated BitBox™ technology in its deployable next-generation platform solution. The partnership leverages Teradata’s industry-leading technology in both drill bit and data analytics platforms, enabling Wellbore Matters customers to use automation to revolutionize grading, inspection and analysis of drill bits.

Brett Luedde, Vice President of Energy and Natural Resources, said, “Teradata is focused on connecting data and analytics in the cloud, and we believe BitBox will be a transformative technology for bit decisions. We needed the right partner, with entrepreneurial experience and industry knowledge, to advance BitBox and develop its application as part of our Vantage multi-cloud data platform.

BitBox is a hybrid system. The physical inspection device captures 180 images of a drill bit. After uploading to the BitBox cloud software, the images are processed into a high-resolution 3D model by photogrammetry. AI and machine learning processes then fully characterize each bit component, identify, measure flaws, and construct constructs of the bit that allow individual blades and cutters to be studied, as well as the ordinality of the flaws.

“Teradata and Wellbore Matters are fully aligned with the mission to expand the use of BitBox and the application of data analytics to improve decision making for oil and gas operations,” said John Gibb, Founder and CEO. of Wellbore.

With its technology license, Wellbore Matters has secured the services of Teradata’s program development team, is partnering with its oil and gas sales team and is collaborating in the development of a new online system for training on the forests.

Scott Wise, Founder and COO of Wellbore, spoke of the significant relationship with Teradata: “It was important for us to keep the chain of knowledge. Our role is to get BitBox over the threshold. Wellbore Matters provides a robust commercial system that can be deployed in any drilling environment and deliver drilling intelligence anywhere. Our first Model 2.0 units (several of which are announced) will enter the field in September 2022, and customers can’t wait. »

About Wellbore Matters, LLC

Wellbore Matters, LLC is a privately held company committed to the mission of maximizing the combined power of vision technologies and data analytics to solve inspection limitations. Wellbore Matters’ product is reliable, repeatable measurement and advanced benchmarking enabling customers to improve decision making and drilling performance. Based in Houston, TX, Wellbore Matters serves US and global markets. For more information, visit www.wellborematters.com.

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