Case Study: Cantium discovers over $1B in untapped oil field value with Ripcord

How can Ripcord clean up, organize, and expedite your well logs, reports, and other pertinent information

Cantium faced the challenge of analyzing decades of physical well logs and documents after purchasing an oil field from Chevron. They needed to quickly digitize this vast amount of historical data to assess their new asset's value, a process other providers estimated would take 18-24 months. Cantium turned to Ripcord for a solution.

Ripcord digitized the entire collection within just three months, an 87% decrease in analysis time. This provided Cantium with new visibility and access to accurate data, which directly informed a drilling opportunity. The implementation by Ripcord accelerated their time to money by 8x and enabled them to discover over $1 billion in untapped value from the existing field.

Cantium

Bob Lockwood

Chief Executive Officer