Jorge Leis

Business Analyst at Data Gumbo Corporation

Jorge Leis's Professional Contact Details

Email (Verified)

****@datagumbo.com

Get Email Address

(281) 909-0781

Location

Houston, Texas, US

Company

Data Gumbo Corporation

Person Seniority

entry

Person Functions

business development

Jorge Leis's Current Company Details

Data Gumbo Corporation

Houston, Texas, US • 7 Employees

oil & energy

For companies that drill for oil and gas, Data Gumbo provides - block chain- smart contracts. Customers can use these smart contracts to secure the 10's - 100's of millions in savings available from improvements in rig efficiency. For example, once major E&P company has determined that they make 21M drill pipe connections per year. If they can save 1 miunte per pipe connection, it would be worth $250 M per year to them. We enable them to automate access to these savings using our smart contracts. This same company has a 38yr drilling backlog with one of the contractors. Imagine how much a one minute improvement for this entire backlog would be worth to them? We have worked with them on the calculations. I'd be glad to go over our drilling calculator shown here another time. Of course, drill pipe connections are only one KPI. Smart contracts can be built around any KPI. Once the smart contract mechanisms are in place, adding a new KPI is an inexpensive process. A company can then pursue a proactive continuous improvement process. We have been working with several of the major drilling companies. They have agreed that it makes sense to share savings made available by smart contracts. Data gumbo plays the role of an 'honest broker' using our smart contracts as the vehicle. So why hasn't this been done before? Two reasons: technology and day rate contracts. The technology to securely and efficienty get the data for smart contracts is wideley available and accepted. Day rate conracts are the norm in our industry, but they do not incentivize contractors. Quite the opposite. The longer it takes to drill, the more money they make. Incentive contracts are an alternative to day rate contracts. They are the basis for our smart contracts. They've been around for years, but until now the technologies to automate them have not existed. We are using block chain to automate them and to provide the trust required to make them work. Data Gumbo is headquartered in Houston Texas with an office in Stavanger Norway.

Founded Year

2016

Organization Website

datagumbo.com

Current Technologies

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