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British technology firm S-Cube helps Tullow strike oil in Guyana 

S-CUBE, a technology provider for the energy sector, has helped Tullow Oil with its XWI algorithm to discover oil at its Jethro-1 well in Guyana.

Known for its accuracy and automation, XWI algorithm facilitates a completely data-driven earth model building.


Commenting on the latest achievement, S-Cube co-founder and chief operating officer Dr Nikhil Shah, said: “The XWI algorithm marks the start of the big data parameter learning and HPC convergence using cloud compute infrastructure for the energy industry.

“We will continue to advance our search platform to solve for unknowns that affect the quality and accuracy of the final result maintaining the predictive power of earth rock property trends below 3-kilometre depth.”

The Jethro-1 was drilled by the Stena Forth drillship to a total depth of 4,400 metres in approximately 1,350 metres of water.

Tullow Oil said the evaluation of logging data confirmed that Jethro-1 was the first discovery on the Orinduik licence and comprises oil-bearing sandstone reservoirs of lower tertiary age.

Nikhil Shah is the COO of S-Cube, a technology provider for the oil and gas industry.

British Indian Dr Shah is the son of hotelier Koolesh Shah, the founder of the London Town Group, which owns and operates some of the UK’s leading hotels.

Dr Shah, a University of Cambridge graduate, is one of the pioneers behind S-Cube, a platform he describes as a “technology company spun out from academia by venture capital”.

Using seismic data, Shah’s company creates 3D digital representations of sub-surface structures below the seabed, in what can be considered a geophysics exploration.

End-users include petroleum companies that aim to drill more accurate wells and improve their exploration hit-rate using S-Cube models.

The firm evolved at the earth science and engineering doctorate programme department of Imperial College London, where it became clear that the research, conducted by a university group featuring Dr Shah, could have major commercial applications.

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Narayana Health enters UK market through Practice Plus Group acquisition

The acquisition brings 12 hospitals and surgical centres under Narayana Health’s umbrella, specialising in orthopaedics, ophthalmology and general surgery.

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Narayana Health enters UK market through Practice Plus Group acquisition

Highlights

  • Narayana Health acquires Practice Plus Group’s 12 UK hospitals and surgical centres.
  • Deal positions Indian healthcare provider among top three in India by revenue
  • Group plans 1,400 new beds across six greenfield hospitals in India within 30 months.

Narayana Health, one of India’s largest healthcare providers founded by renowned cardiac surgeon Dr Devi Prasad Shetty, has acquired UK-based Practice Plus Group Hospitals, marking its entry into the British healthcare market.

The acquisition brings 12 hospitals and surgical centres under Narayana Health’s umbrella, specialising in orthopaedics, ophthalmology and general surgery. Practice Plus Group, the fifth largest private hospital group in the UK, performs approximately 80,000 surgeries annually.

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