Suggested by DF Derrick Frohne 6 months ago
The rapid growth in drone and AI technology has opened up new possibilities for addressing long-standing challenges in the energy sector. One critical issue is the identification and monitoring of abandoned oil wells, which pose significant environmental and safety risks due to the potential for leaks and contamination. Traditional methods for locating these wells are time-consuming, costly, and often ineffective. By deploying OGI & magnetometers with drone technology, coupled with AI-driven image processing and machine learning algorithms, we can efficiently detect and monitor abandoned wells, providing a scalable and accurate solution that reduces costs and environmental impact.
Now is an ideal time to address the issue of abandoned oil wells due to several converging factors:
Are you interested in addressing this Unmet Need?
Yes reading Derrick's proposed solution it seems highly plausible and well thought out, assuming that you are operating from some general starting place of where these abandoned wells will be.
Would love to learn more about:
Founder @ Aerofrohne
1. Who pays for this:
Methane-Adverse Funders Potential Methane-Adverse Funders:
2. How much would they pay.
3. Cost of capping a well: A single well can cost between $20,000 to $150,000 depending on the well's location, depth, and condition.
Proposed Annual budget
Data Analyst Base Salary: $80,000
Drone Pilot Base Salary: $150,000
Equipment Costs Breakdown:
Other Expenses Breakdown:
*The number of drone pilots, data analysts could vary based on project*
Total Annual Cost: $505,219
Founder @ Yosubi
The rule that restricts methane emissions and dictates monitoring finally came down. I can see a business case for this now, but it will depend on what happens on the election. https://www.gibsondunn.com/epa-issues-methane-rule-for-oil-and-gas-sector-practical-takeaways-for-industry/
Founder @ Aerofrohne
I’ve been working in oil and gas in 2022 - 2023 doing similar. The EPA has mandated energy companies to comply with more monitoring and grant requires 20% cost share from individual person or entity. There is a federal grant for finding isolated gas wells and monitoring which I’ve already done for BPX Energy & Marathon Oil. I have all the drone pilot experience, just need to find people who would be willing to help fund and code as needed.
CTO @ Antibionic
I wonder if the market opportunity is big enough. I agree its a need.
CTO @ Antibionic