Yanchang Petroleum Accelerates Digital Transformation by Building an Enterprise Digital Application Platform

Yanchang Petroleum is committed to the efficient development, comprehensive utilization, and deep conversion of resources such as petroleum, natural gas, and coal. However, its digital transformation efforts face challenges due to limited funds, expertise, and technical reserves.

To address new business challenges and enhance efficiency, Yanchang Petroleum engineers utilize MATLAB^® for algorithm development and enterprise deployment. They begin with the volumetric method reserve calculation formula, extracting mathematical models from business models based on industry standards. These models are then deployed as low-code business applications using MATLAB Web App Server™.

Yanchang Petroleum engineers have developed an application store that combines data, algorithms, scenarios, and platforms. This solution fosters an “equal, open, and shared” ecosystem for oil and gas exploration and development, facilitating the continuous accumulation of knowledge and experience and ensuring the ongoing iteration and optimization of business processes.