Executive Q&A
Innovating the Future: An Exclusive Interview with Eivind Moen of Comitt Well Solutions
See the original interview here.
The oil and gas industry is dynamic and ever-changing, demanding constant innovation and adaptability. Eivind Moen, co-founder and Product Line Director at Comitt Well Solutions is at the forefront of this innovation. With over seventeen years of experience, Eivind has been instrumental in developing and commercializing groundbreaking technologies that shape the industry's future.
A Passion for Innovation
A relentless pursuit of innovation has characterized Eivind's journey in the oil and gas industry. His interest in unlocking new markets and adapting to emerging trends has led him to explore technologies that can transform operational efficiency, environmental sustainability, and profitability.
The transformative effects of technological advancements are what fuel his passion for innovation. He believes that challenging the status quo and unlocking untapped potential is essential for staying competitive in a constantly evolving industry.
Introducing the EXCITE Platform
One of Eivind's most exciting contributions to the industry is the development of the EXCITE platform. This revolutionary solution addresses the challenges of restoring and sustaining productivity in underperforming wells.
Traditional methods like bullhead acid treatments or refracturing have often fallen short. The EXCITE platform, however, takes a holistic and data-driven approach. It identifies the most suitable candidates for treatment and determines the optimal combination of techniques to maximize financial returns.
What sets the EXCITE platform apart is its unparalleled precision and control. It delivers focused acid treatments across targeted intervals along the wellbore, ensuring optimal stimulation and minimizing the risk of new formation damage.
The platform's operational deployment is fully hydraulically activated, improving the performance and longevity of well production recovery. By leveraging the EXCITE platform, operators can enhance production recovery while mitigating risks and minimizing subsequent field operations.
Beneficiaries of the EXCITE Platform
The benefits of the EXCITE platform extend beyond operators. It provides value to investors and shareholders by unlocking untapped potential. It aligns with environmental sustainability by reducing the need for drilling new wells and minimizing chemical usage. Even local communities benefit from responsible resource management and reduced disturbances associated with drilling activities.
The Future of the EXCITE Platform
Eivind envisions a promising future for the EXCITE platform. Within the next year, it will undergo further advancements based on real-world implementation. In three years, it will establish itself as a leading solution, integrating with emerging technologies like artificial intelligence and machine learning. In five years, it will become an industry standard, be deployed globally, and remain at the forefront of technology-driven solutions.
Optimism for the Future
Eivind's optimism for the future of the oil and gas industry is rooted in technological advancements, energy transition, collaboration, resilience, and human ingenuity. He sees the industry's ability to adapt and evolve as critical in meeting global energy demands while embracing sustainability.
He recommends 'The Intelligent Investor' by Ben Graham as an insightful read that emphasizes long-term thinking, thorough analysis, and disciplined decision-making.
Final Thoughts
Eivind Moen's insights and contributions to the oil and gas industry testify to the power of innovation, collaboration, and forward-thinking. The EXCITE platform represents a game-changing solution that holds immense promise for the future.
As we navigate the complexities of the energy landscape, leaders like Eivind inspire us to push boundaries, embrace new directions, and drive positive change. His vision and dedication are not just shaping Comitt Well Solutions but the entire industry, paving the way for a more efficient, profitable, and environmentally conscious future.