Earlier this week, whilst thinking of a brand to review – particularly brands which had made significant impact using Port Harcourt as a launchpad – the brand CypherCrescent came into mind. For many of us in Port Harcourt, more especially those who aren’t into the Tech business – this brand may seem foreign to us. Nevertheless, this same brand is well-known in the oil and gas industry particularly in Nigeria.
Cypher Crescent was established few years prior to March 2015 when Mr. ThankGod Egbe, a mathematician and research enthusiast, resigned from Shell after eight years of dedicated service to the company in both Nigeria and the Netherlands. With over 5 years of doing business and adding value to the oil and gas industry, Cypher Crescent has since seen expansion of its business beyond the shores of the country to Aberdeen, United Kingdom, Homan, and Houston Texas and all over the world.
Cypher Crescent Limited is a research and software development company, which utilizes mathematical models to proffer creative, innovative, and effective business solutions to the engineering problems encountered by clients/companies in the exploration and production of oil & gas. They also provide consulting services in oil and gas asset management and as such, help petroleum production and exploration companies better manage their well and reservoir assets in an efficient and cost-effective manner.
Their flagship tech innovation – SEPAL – a business intelligence tool for well and reservoir management has so far seen major successes in acceptance and is highly sought in the industry by both government-owned and private oil & gas firms. SEPAL (Structured Engineering Presentation and Analytics Library) help oil and gas exploration and production companies remain competitive more importantly in these times of constant oil price fluctuations in an industry which contributes over 90% of the country’s total export value and revenue.
In the recent past, this alluring brand collaborated technically with NNPC Research and Development Division in the use of technological innovations in enhancing the production of oil and gas in Nigeria. In a country that depends majorly on the revenue derived from its oil & gas economy, you could guess what significant measure this implies on the overall growth and development of the Nation.
To show their love for research and the development of the oil and gas sector, Cypher Crescent donated twenty-four SEPAL licenses (its debut product on well, reservoir & facility integrated asset management) to the Institute of Petroleum Studies (IPS), University of Port Harcourt in 2018. The previous year, it donated fifteen of similar licenses worth over US$1.5 million to the African University of Science and Technology (AUST). They also recently sponsored some indigenes of host communities in ICT training as a way of enhancing the human-resource-base capital of the society.
To be a leading provider of world-class oil and gas asset management solutions.
To safeguard oil and gas asset integrity and enhance production through innovation and cost-effective business intelligence solutions
Their core values
Integrity, Respect & Innovation
Excerpts from their website states:
Our clients are international oil companies (IOCs), NOCs, independent and marginal field operators seeking to maximize value from their oil and gas assets. We also provide technical expertise and support for servicing companies involved in turnkey projects.
Our team of experts are drawn from diverse backgrounds, with skills and experiences garnered from both the E & P industry and the academia. The team is motivated by their constant desire to continuously innovate and create value that address existing gaps in the E & P business. The team’s experience covers areas such as geosciences, petrophysics, reservoir engineering, production technology, well completions, production operations, mathematical modeling and software development.
SEPAL – Structured Engineering Presentation & Analytics Library
- Mathematical modeling
- Engineering Software Development
- Asset Management Services
- Technical Support and Training
Cypher Crescent is committed to collaborating and assisting their clients to gain valuable understanding of their assets through the integration of acquired data and in-depth technical insights.
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