AI Data Efficiencies in Oil & Gas with Trond Ellefsen – CEO Invatare, llc.

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Thanks for listening to the Upstream Intelligence Channel on the EKT Interactive Oil and Gas Podcast Network.

Take just 25 minutes to hear from Trond Ellefson, an industry veteran, now leading an exciting startup, called Invatare. His company is spearheading innovation in field production autonomous operations and Artificial Intelligence. His insights on the challenges of implementing data driven processes will be valuable to both IT and operations teams

Topics and Timestamps

[00:23] Introduction

[05:00] Oil and Gas is at an extraordinary inflection point

[11:00] $2 to $3 billion a year savings with better digitalization.

[14:30] A Bader holistic supply chain view needed

[18:30] People aspect is not being considered strongly enough

[22:00] Cross-functional asset teams not working

[23:30] Summary — “It starts with Why”

About the Experts

Trond Ellefsen

Currently CEO and President of INVATARE LLC, in Houston…His organization connects the O&G sector using a blend of 23 of the brightest minds and cutting edge cognitive technology to make the industry work better. INVATARE is bringing the holistic integrated value chain to O&G as a self-learning and continuously improving connected ecosystem for safer and more intelligent operation.

INVATARE means self-learning and is using Distributed Artificial Intelligence at the edge and in the cloud. The autonomous edge agents improve operation using a multi-agent DDL system for re-training of subscribed to AI models in the cloud.

Prior to Invatare, Trond spent 10 years with Statoil in a variety of senior executive roles such as CIO for Statoil North America and IT digital transformation and strategy. Trond served in similar global roles at Norsk Hydro for 17 years.

Trond is currently Advisory Board Member at the Rice University Brown School of Engineering – Engineering Professional Master’s Program. He was the chairman of the SPE Gulf Coast Section DETS Cybersecurity Subcommittee for two years.

Marty Stetzer

President of EKTinteractive in Houston; and producer for Oil-101, our popular, 10-part, mobile-ready series on “How the industry works,” covering upstream, midstream and downstream operations fundamentals.

In parallel with a 25-year career oil and gas career, Marty has spent 15 years providing custom “blended and e-learning” training programs to a variety of technical audiences.

He has global upstream and downstream operations management experience with Schlumberger, Superior Oil-Mobil, Wilson Industries and Exxon, and led the downstream supply chain practice at PwC.

He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.

Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.

Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.