Uganda - Business creation project

Describe your project or startup in a few words

To minimize the dangers associated with kicks and lost circulation during drilling operations, including the potential loss of lives and property. Specifically, we aim to evaluate the effects of blowouts resulting from kicks on rig workers and owners

01.01 Describe your project in more detail

To minimize the dangers associated with kicks and lost circulation during drilling operations, including the potential loss of lives and property. Specifically, we aim to evaluate the effects of blowouts resulting from kicks on rig workers and owners, design and implement an early kick and lost circulation detection and warning system to prevent blowouts, and test the functionality of the detection and warning system to ensure its effectiveness in enhancing wellbore safety.

01.02 What is the main problem you are trying to solve?

Our project addresses a critical challenge within the focus area of environment and public service: the risk of environmental disasters and public safety hazards associated with kicks and lost circulation during drilling operations in the petroleum industry. Kicks, which occur when formation fluids enter the wellbore, and lost circulation, which involves unintended loss of drilling fluid into formations, pose significant risks to both the environment and public safety. Instances like the Deepwater Horizon incident in 2010 have demonstrated the devastating consequences of such events, including large-scale oil spills, environmental degradation, and loss of human lives. By developing an early kick and lost circulation detection system, our project aims to mitigate these risks and enhance environmental protection and public safety. The system will provide real-time monitoring of mud levels in drilling operations, enabling early detection of potential kicks or lost circulation events.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

The primary beneficiaries of our project include rig workers, rig owners, and the wider petroleum industry. Rig workers will benefit from increased safety measures, reducing the risk of accidents and potential loss of lives. Rig owners will benefit from minimized downtime and reduced financial losses associated with blowouts. Additionally, the petroleum industry as a whole will benefit from improved operational efficiency and enhanced environmental stewardship. For example, by implementing an early detection system, rig workers can evacuate safely in case of emergencies, mitigating potential disasters like the Deepwater Horizon incident.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

The primary beneficiaries of our project include rig workers, rig owners, and the wider petroleum industry. Rig workers will benefit from increased safety measures, reducing the risk of accidents and potential loss of lives. Rig owners will benefit from minimized downtime and reduced financial losses associated with blowouts. Additionally, the petroleum industry as a whole will benefit from improved operational efficiency and enhanced environmental stewardship. For example, by implementing an early detection system, rig workers can evacuate safely in case of emergencies, mitigating potential disasters like the Deepwater Horizon incident.

01.05 When did you start working on your project?

2023-01-04

01.06 How many other partners are associated with your business venture?

3

01.07 Among the other partners, how many are female?

1

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Ninshaba Wilbrod student petroleum engineering Sarich Samuel student petroleum engineering Ainembabazi shefrah student petroleum engineering Amanya Oscar student petroleum engineering

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

a) Energy (equipment, services, sustainable energy and fuel)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

02.03.01 My project contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

02.16.01 My project contributes to the Peace justice and strong institutions goal

7 - Strongly Agree

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

05.02 The product/service we envision creating represents an entirely new type of product/service.

7 - Strongly Agree

05.03 The product/service we envision creating could be described as a new technology.

7 - Strongly Agree

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

7 - Strongly Agree

05.08 Justification

05.09 Who are your main potential competitors and what makes you stand out from them?

1. Industry-specific expertise: My training data is focused on the inspection and testing industry, allowing me to provide more accurate and relevant assistance. 2. Personalized support: I'm designed to provide personalized assistance, tailored to Inspecta Africa's specific needs and goals. 3. Continuous learning: I can learn from feedback and adapt to changing industry requirements, ensuring my support remains effective and up-to-date. 4. Integration with existing systems: I can be integrated with Inspecta Africa's existing systems, streamlining processes and enhancing efficiency.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes Women in engineering