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Corvacon: We Came, We Connected, We Kept Innovating!

November 7, 2022

Corvacon Sets Record Attendance as Energy Industry Seeks to Advance Our Industry Forward by Solving Critical Safety & Operational Challenges Through Technology

Corva, the leader in data-driven solutions for the energy industry, announced record attendance and energy industry participation at Corvacon, which drew hundreds of energy professionals to its Houston headquarters for a day of forward-thinking panel sessions. The annual event featured a prominent lineup of speakers and panelists from the supermajors and leading oilfield service companies focused on collaboration, knowledge sharing, and digital transformation. This year's Corvacon included learning tracks for real-time drilling and completion optimization, automation, and ESG.

“Over the last few years, we've seen a tremendous escalation in themes around speed of operations, increasing efficiencies and doing more with less, not to mention big movements around digitization and sustainability," said Corva's CEO and founder Ryan Dawson in his Corvacon opening remarks. “When it comes to Innovation, our industry's digital transformation doesn’t take place in a vacuum and we want to do our part to support fostering a community of like-minded digital innovators. The goal of Corvacon is to actively collaborate through an exchange of best practices, openly discussing challenges that our industry is facing, and discuss new ideas and solutions.”

_WRD1232As energy companies are called on to meet global demand, Corvacon’s purpose is to be the catalyst for innovation that brings the energy community together for meaningful collaboration and discussion around leveraging data and real-time analysis to deliver wells faster, advance safety, and reduce costs. During his keynote address, Dawson reported a 17% increase in drilling speed across Corva's customer base and a 12% increase in footage drilled per day in 2022, citing the accelerated adoption of real-time rig and crew analytics as a contributing factor. These data-driven efficiencies have had an even greater impact for offshore drilling where shallow water operators saved $3M per well on average and deepwater more than $4M per well using Corva's real-time analytics.

_WRD1286Corvacon attracted over 300 attendees at its Houston headquarters with the keynote presentation live streamed on social media. Boasting more than 25 guest speakers and panelists from leading energy and oilfield companies, the event offered attendees 10 panel sessions across 3 tracks, including:

  • Drilling & Completions - Topics included data-driven optimization for rigs and frac fleets, leveraging big data to reduce drilling and completions risk, and integrating geoscience best practices with real-time operations.
  • Automation & Safety - Topics included advancements in drilling automation, scaling safely, remote operations, and the digital oilfield of the future and role of cloud infrastructure.
  • Sustainability & Environment - Topics included reducing oilfield carbon intensity with emissions monitoring and management technologies, and advancing ESG with water reuse.

Additional highlights of this year's Corvacon included a presentation by NASA's manager of the International Space Station's Research Integration Office on advancing innovation through technology partnerships. In this spirit, the Corvacon Technical Showcase demonstrated tangible results of such innovation with 17 apps built by Corva partners in Dev Center, a revolutionary approach to software development that empowers energy professionals and third parties to create their own digital solutions with capital efficiency on Corva's cloud-based platform.

For a complete recap of Corvacon and the names of participating energy industry companies and Corva partners, check out the full recap blog.