Hydrocarbon bearing reservoirs are complex entities. Geoscientists understand that successful recovery requires detailed knowledge of an environment that is often hidden and remote. Obtaining the most accurate understanding of these resources requires the integration of data from many different sources in many different forms to create a reservoir model that accurately characterizes the physical rock…
In the wake of the shale oil boom in the United States, drillers are encountering unconventional reservoirs that require sophisticated strategy. While 95% of U.S. drilling rigs can perform horizontal drilling that, together with hydraulic fracturing, is essential to liberate shale resources, drillers need impeccable drilling technology and precise software that will utilize comprehensive geological…
From interpreting seismic surveys that identify the most promising hydrocarbon resources to monitoring daily fluid and pressure metrics, there are dozens of factors and activities that impact oil and gas production. Yet, the biggest challenge for asset teams is finding the means to holistically evaluate these factors, explore their interdependencies, and make modifications to optimize…
Asset teams understand why regulatory compliance in the oil and gas industry is crucial to successful business operation and yet, many companies find themselves on the wrong end of compliance due to mistakes that could’ve been avoided with accurate analysis beforehand. In 2018, one of Colorado’s second-biggest drillers by oil volume, incurred a $1.6 million…
Seismic surveys and greater computational power are allowing operators to acquire, process, and interpret geologic data more cost-effectively and provide increasingly detailed information regarding fault distribution and subsurface structures. Iterative seismic surveys conducted during the course of oil field production provide additional benefit in revealing subsurface changes that guide reservoir characterization and modeling, as well…
Time is a crucial factor when maximizing hydrocarbon assets for all team members involved, especially when operating under tight deadlines. Analysts must develop viable extraction strategies to recover upfront costs while making a healthy profit. Engineers need fast and accurate analysis that will hasten the development phase, leading to efficient extraction campaigns in the short-term.…
Because of varying conditions in the subsurface, drilling engineers understand the importance of using the most accurate geological models and reservoir simulation in well planning. The best way to understand the drilling environment is through the use of geological and reservoir simulation models in a co-visualization environment. It promotes 3D and 4D visualization of a…
One sure way to minimize risk, regardless of the situation, is to obtain as complete and accurate information as possible regarding the activity you’re engaged in or the decisions you need to make. In some instances, risk management can be relatively easy—lock your doors when you leave the house, wear a seatbelt in the car.…
Data-gathering and processing can be a laborious task that requires extensive expertise. But the best software offers easy-to-read data to personnel, irrespective of their discipline or specialty. Analysts need data visualization tools that merge data across multiple disciplines in the oil and gas industry, helping users make sound decisions that enhance upstream or downstream campaigns.…
Enhanced computing power, wireless technologies, and instrumentation of production assets have fostered the acquisition and generation of ever-greater volumes of data throughout the life of an oilfield. These data can include geophysical, geologic, cellular property models, reservoir simulations, drilling, production, seismic attributes, structure and properties, and well logs. From exploration through decommissioning, nearly every discipline…