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.
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).
Our decision support tool for control room operators, Kairos, is now undergoing pilot testing with live data from two production platforms offshore UK and DK. The pilot testing has been ongoing since mid February.
News from Aberdeen
During the past few months, Eldor has brought in new employees, and we are waiting for even more! We have been growing our business in Aberdeen during the past year, and as such have appointed a new Operations Manager for Eldor UK, Carl Townsend, who will be based in Aberdeen to help out our current customers, as well as new ones. Also, Ian Bowden has been appointed as our UK Service Manager. Purna Kiran Mopidevi and Suresh Vuyyuru, both senior engineers, have also joined our team in Aberdeen. Additionally, we have invested in ABB test equipment for applications and software, and we have set up a simulator to do testing in our Aberdeen office.
Finally, we have decided on the new name for the product previously known as AlarmTracker.
Kairos is an Ancient Greek word meaning the right, critical, or opportune moment. (Kairos also means weather in Modern Greek.) It’s the difference between a minute (kronos) and a moment (kairos). Kairos is the idea of timing which relates an event or a state to a situational context.
Our development project was given the name AlarmTracker based on our initial idea of tracking the root cause of alarms. This has often been misunderstood as being yet another alarm management tool.
KAIROS offers so much more. The technology embedded in our KAIROS products combines deter-ministic modelling with deviation propagation analysis and artificial intelligence. The model utilises human experience along with the plant design parameters, and effectively captures and makes explicit and tacit knowledge available.
With live plant data as evidence, the model presents a real time HAZOP to the control room operators for better decision-making, which reduces losses and avoids shut- downs.
The result is an increased production output by 5%, with reduced flaring and increased safety.
Eldor Technology is currently at ONS to promote AlarmTracker. You can find us at the ONS Innovation Park with the Norwegian Research Council in Hall 8. We are showing a demo for AlarmTracker, and we are looking forward to meeting you and providing you with any additional information or answers to questions that you might have about AlarmTracker. The product is under development and the first commercial product will be available in the summer of 2019. We are very happy that we get to show off the product demo at ONS this week!
As a part of the development of AlarmTracker, the Reference User Group (RUG) was challenged to develop an onshore scenario. Yara immediately responded by inviting Eldor to their Ammonia plant in Porsgrunn. With many interesting cases to choose among, the AlarmTracker developers was invited to a tour around the plant in order to better understand the complexity of producing Ammonia.
Eldor Technology AS is a startup company in the Eldor Group that develops innovative and disruptive technology within the oil & gas business segment. Our first product, AlarmTracker, is a software solution for increased oil production by means of real time situational awareness and decision support.