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Energy · head to head

Novity vs Petrel E&P Software

Novity logo

Novity

Energy

Hybrid physics and machine learning prognostics that estimate remaining useful life for process equipment

From
On request
Rated
-
Full reviewWebsite
Petrel E&P Software logo

Petrel E&P Software

Energy

Integrated exploration and production platform

From
On request
Rated
-
Full reviewWebsite

The short version

  • They diverge on capability: Novity covers TruPrognostics engine, Petrel E&P Software covers Seismic interpretation.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Novity and Petrel E&P Software actually diverge.

Attributes where Novity and Petrel E&P Software differ
AttributeNovityPetrel E&P Software
Pricing modelquoteone-time
PlatformsWeb, CloudDesktop, Cloud
FoundedUnknown1926

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated), category (Energy).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Novity

  • TruPrognostics engine
  • Cold-start modelling
  • Fault mode diagnosis
  • Remaining useful life
  • Existing sensor reuse
  • Recommended actions
  • Historian connectors
  • Asset class libraries

Only in Petrel E&P Software

  • Seismic interpretation
  • Structural modeling
  • Reservoir characterization
  • Well planning
  • Production analysis
  • 3D visualization
  • Data integration
  • Collaboration

What people use each for

The jobs each tool is most often brought in to do.

Novity

  • A gas processing plant that needs a defensible time-to-failure number before deferring a turnaroundnot Petrel E&P Software
  • An LNG terminal with critical compressors and no run-to-failure history to train a conventional modelnot Petrel E&P Software
  • A wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizonnot Petrel E&P Software
  • A generator operator supplying data centre load where an unplanned trip carries contractual penaltiesnot Petrel E&P Software

Petrel E&P Software

  • Explorationnot Novity
  • Reservoir characterizationnot Novity
  • Field developmentnot Novity
  • Production optimizationnot Novity
  • Drilling planningnot Novity

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Novity

  • Novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • Physics-based models must be configured per equipment class, so each new asset type is an engineering engagement rather than a configuration screen, and rollout speed is limited by Novitys own capacity.
  • Prognostics depend on the quality and sampling rate of your historian data; plants recording ten-minute averages will not get useful remaining-useful-life estimates without new instrumentation.
  • Nothing about pricing is published and there is no self-service entry point, so evaluation always starts with a sales-led pilot on a handful of assets.
  • The deployment footprint is concentrated in oil and gas, LNG and water, so reference customers and pre-built asset models outside those industries are limited.

Petrel E&P Software

Nothing recorded yet. See the Petrel E&P Software review.

Pricing, plan by plan

Novity

On request
  • TruPrognostics$undefined/year
    • Quoted per asset class and monitored equipment count
    • Model configuration and commissioning quoted as a project
    • Typically an annual subscription tied to a pilot then a rollout

Petrel E&P Software

On request
  • Seismic$undefined/license
    • Seismic interpretation
    • 3D visualization
    • Fault modeling
  • Reservoir$undefined/license
    • Reservoir modeling
    • Geostatistics
    • Property modeling
  • Platform$undefined/license
    • Full E&P workflow
    • Well planning
    • Production optimization

Which should you pick?

Choose Novity if

  • You need truprognostics engine.
  • You work on Web, Cloud.
  • You also want cold-start modelling.
Novity review

Choose Petrel E&P Software if

  • You need seismic interpretation.
  • You work on Desktop, Cloud.
  • You also want structural modeling.
Petrel E&P Software review

Questions people ask

Is Novity or Petrel E&P Software better?
Neither clearly leads. Novity starts at On request and Petrel E&P Software at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Novity or Petrel E&P Software?
Novity starts at On request and Petrel E&P Software at On request.
Does Novity or Petrel E&P Software run on more platforms?
Novity runs on Web, Cloud. Petrel E&P Software runs on Desktop, Cloud.
What is Novity best used for?
Novity is most often used for a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround, an lng terminal with critical compressors and no run-to-failure history to train a conventional model, a wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizon, a generator operator supplying data centre load where an unplanned trip carries contractual penalties. Of those, a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround and an lng terminal with critical compressors and no run-to-failure history to train a conventional model are not what Petrel E&P Software is typically brought in for.
What can Novity do that Petrel E&P Software cannot?
Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life. Petrel E&P Software covers Seismic interpretation, Structural modeling, Reservoir characterization, Well planning.

Answered from the vendors’ own pages

Novity: What does Novity actually output?

A named failure mode and an estimated remaining useful life with a confidence band, not just an anomaly alert.

Novity: Do we need failure history to train it?

No. The physics component is what lets it produce useful prognostics on equipment with little or no run-to-failure data.

Novity: Do we need new sensors?

Often not. It reads from your existing historian, but low sampling rates or missing measurements can require additional instrumentation.

Novity: Who backs the company?

It was spun out of Xerox PARC and took a strategic investment from Acario Innovation, the venture arm of Tokyo Gas, in 2026.

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