Press Release — May 7, 2018
The announcement comes after Tachyus last year expanded globally and closed multiple major customers internationally, including in Canada.
Former Prime Minister Harper has worked closely with a number of Silicon Valley investors and technology companies since completing nine years leading Canada’s government and has joined Tachyus to help the company expand the existing customer base in Canada as well as leverage his global experience as a strategic advisor to Tachyus’ leadership team.
Previously, PM Harper won three successive national elections and was the longest serving Conservative Prime Minister since Canada’s founding. For almost a decade, he led Canada through the world’s most complex geopolitical, security and economic challenges and participated the world’s top forums including the G-7 and G-20, NATO, and the United Nations.
“I am thrilled to be working with a talented team that delivers breakthrough technology solutions to the oil and gas industry, the industry that powers all other industries. It brings me great pleasure help make this technology available to Canada’s most important industry: oil and gas”, said Prime Minister Harper.
Tachyus’ breakthrough technology, Data Physics, combines reservoir physics and machine learning to rapidly integrate all relevant data sources in real-time to explore millions of scenarios and identify the optimal injection, completion, and drilling plans. Oil producers leverage Tachyus to evaluate complex trade-offs between reservoir, operational and economic constraints within a single unified multi-objective optimization platform.
The Data Physics approach helps to optimize mature fields across horizontal and vertical distribution of injectant, and infill drilling. Additionally, operators deploy Tachyus to detect abnormal well performance, prioritize stimulation opportunities, and design completions in unconventional reservoirs. Every partnership has produced at least a 200% ROI.