This week a team from Kairos Technology attended the Fourth International Workshop on Functional Modelling (IWFM) at DTU in Copenhagen, Denmark. Claus Myllerup, CTO, demonstrated a customer case story with potential of reducing annual production loss by 0.5% for the studied process unit (plant-wide potential was estimated to 2.5%) and presented learning points from MFM based Hazop of a complete gas terminal. Sharat Kumar Pathi presented Functional Modelling of Offshore Oil & Gas Water Injection System along with Morten Lind and Jing Wu. Our Managing Director, Bjarne André Asheim, is in the Advisory Committee for IWFM.
We are pleased to announce the first release of Kairos - Control Room Assistant today. We started developing the software in 2014, so we are very proud to release the first version of Kairos.
The control room assistant ensures real time decision support to the control room operators for improved situational awareness. Kairos combines deterministic modelling with deviation propagation and artificial intelligence.
We believe this software will improve the workday for control room operators with increased production efficiency and increased safety in process plants.
The company Eldor Technology AS is officially changing names to Kairos Technology AS! This is only one of the exciting changes happening in the company. The name was changed to fit better with our product Kairos - Control Room Assistant and the ongoing development.
SPE Offshore Europe 2019 is taking place in Aberdeen this week. Eldor will not have a stand this year, but will be represented by three people. If you would like to talk to us you can easily contact one of us for a chat, using the information below. We look forward to meeting you!
Eldor Technology AS has secured an investment from Skagerak Maturo Seed and ProVenture. Eldor Technology AS has developed KAIROS – Control Room Assistant, which offers real-time decision support for control room operators in order to eliminate and reduce down-time of process facilities. The product combines deterministic modelling (functional model) with deviation propagation analysis, and artificial intelligence.
We would like to announce that Eldor Norway has recently been awarded with the title Qualified Supplier by North Oil Company. This status is valid for the next 3 years. We are looking forward to exploring the new possibilities this could bring!
The Danish Hydrocarbon Research and Technology Center (DHRTC) annual report 2018 was issued in May. Eldor Technology has a close relationship with DHRTC and DTU. In fact, the technology embedded in our product Kairos - Control Room Assistant is based on the theories from Professor Morten Lind and the excellent research performed at DTU as a part of the DHRTC (the project is still called AlarmTracker within DHRTC/DTU).
Eldor is very pleased to announce that Worley has awarded Eldor UK the Integrated Control and Safety System (ICSS) modifications contract for the Ithaca Energy UK Vorlich Field. The Vorlich Field is being brought to production as a subsea tie-back to the Floating Production Facility FPF-1. The FPF-1 is currently used to process and export hydrocarbons from the Greater Stella Area.