Friday, January 15, 2021

Reservoir Management News

Digitalization: Trust - The Keystone for Digital Transformation

© peshkova/AdobeStock

The slowdown of the world economy and plummeting energy consumption have eclipsed most other industry news. Oil exporting countries are coming to terms with limiting production to sustain reasonable prices, and operators are looking for ways to improve efficiency. At the same time, the marketplace created by the pandemic is forcing companies to work differently.

Tendeka Appoints BD Manager for S. America

Renato Barbedo  (Photo: Tendeka)

Tendeka has appointed a new business development manager for South America as the company increases its support for oil and gas operators in the region.Renato Barbedo will work with operators across the continent to deploy Tendeka’s broad range of products and technologies.Barbedo brings over two decades of global experience in upstream projects to the position.

RESMAN Acquires Restrack

RESMAN CEO Gunnar Hviding (Photo: Resman)

Norwegian-based well and reservoir surveillance and intelligent tracer systems provider RESMAN AS announced it has agreed to acquire tracer service provider Restrack AS, in a share purchase agreement. The combined company will have up to 100 employees.The combination of RESMAN’s reservoir monitoring and intelligent…

Emerson Upgrades Reservoir Engineering Suite

Technology and engineering company Emerson has announced the release of Roxar Tempest 8.3, its integrated reservoir engineering suite that offers tools for advanced reservoir management and flow simulation.The latest release takes automation a step further and focuses on increasing user productivity, for a superior…

Emerson Launches Roxar Tempest 8.2

Photo: Emerson

Emerson has launched Roxar Tempest 8.2 – the latest version of its reservoir management software, bringing advanced uncertainty analysis tools and increased support to the Big Loop workflow and robust risk analysis and reserves estimates across the seismic to simulation workflow. The announcement also further strengthens Emerson’s end to end Exploration & Production (E&P) software portfolio…

Emerson, Statoil Ink Collaboration Agreement

Roxar RMS reservoir characterization and modeling software (Photo: Emerson)

Emerson has signed a collaboration agreement with Norwegian operator Statoil to further develop its Roxar RMS reservoir characterization and modeling software. The announcement is the latest in a series of partnerships between Emerson and Statoil that has spanned many years and includes high-value contracts on a number of Statoil’s North Sea fields as well as R&D collaborations.

Emerson Upgrades Reservoir Simulation Software

Photo: Roxar

Emerson Automation Solutions has launched the latest version of its reservoir management software suite - Roxar Tempest 8.1, designed to provide robust and efficient numerical solutions to support reservoir engineers in maximizing field recovery. The release complements and enhances the advanced uncertainty analysis delivered by Ensemble Smoother Based History Matching…

Tendeka Wins Lower Completion Contract in Middle East

Scott Watters, Chief Operating Officer with Tendeka (Photo: Tendeka)

Tendeka has been awarded a project to supply the Kuwait Oil Company (KOC) with its Inflow Control Device (ICD) technology which will enhance production through more effective reservoir management. The multimillion-pound deal will involve Tendeka installing Advanced ICD equipment in 55 horizontal wells over two years in Northern Kuwait.

Emerson Launches Salinity Measurement System

Photo: Emerson

Emerson Automation Solutions launched the Roxar Salinity Measurement System for the sensitive, accurate and real-time measurement of saline water in gas production well streams at the Offshore Technology Conference (OTC) in Houston this week. Through the new system, operators can instantly identify changes in the flow…

Emerson Expands Reservoir Management Software Capabilities

Roxar Tempest offers a single, consistent platform, designed to accommodate models for robust, economic decisions while maximizing the value of the seismic-to-production workflow.  (Photo: Emerson)

Emerson Automation Solutions has launched the latest version of its reservoir management software suite - Roxar Tempest 8.0 - bringing reservoir engineers more tools to maximize the potential of their fields. The latest version features additional history-matching capabilities; enhanced field productivity thanks to greater simulation performance…

Emerson Launches Roxar API

Roxar API enables users to tackle unique and specific challenges, immediately deploy the solutions needed and create lasting competitive advantage. (Photo: Emerson Automation Solutions)

Emerson Automation Solutions has launched the Roxar API (Application Programming Interface), its extensibility solution for reservoir modeling and, in particular, for its industry leading software Roxar RMS. The Roxar API helps operators customize their workflows to achieve specific goals; improves data management capabilities with greater interoperability and flexibility…

BP's Mad Dog Leads the Way Back to GoM

BP Plc's decision to move ahead with a $9 billion project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore plans postponed during crude's price rout. Exploration and development of new wells in the Gulf slowed as crude prices cratered from over $100 a barrel in 2014 to a low of $26.05 early this year.

Emerson, IPRES Enter Software Partnership

Image courtesy of IPRES.

Emerson Automation Solutions has announced a business collaboration with IPRES (Integrated Petroleum Resource and Economic Service), an international company based in Norway that provides advanced software tools and services to the upstream oil and gas industry. Under the terms of the agreement, Emerson will sell IPRES’s…

As Cracks Emerge in Global Oil Pact, Saudis May Need to Compromise

Tough negotiations await a group of OPEC experts as they meet their counterparts from other oil producers such as Russia on Oct. 28-29 to hammer out details of an output-capping agreement, with disagreements threatening to scupper the deal. OPEC agreed in Algeria last month on a modest oil-production cut in the first such pact since 2008…

Emerson Donates Reservoir Management Software To UTP

Eirik Gudmundsen (left) & UTP Vice Chancellor, Datuk Ir (Dr) Abdul Rahim Hashim (right). (Photo: Emerson)

Emerson Process Management has donated unlimited licenses of its reservoir management software to Universiti Teknologi PETRONAS (UTP). As a sign of its appreciation of this donation, UTP held an official ceremony for the handover of the donation at its campus, attended by representatives from both Emerson Process Management and UTP.

Updated Software Solves E&P Reservoir Challenges

Jason 9.5’s Anisotropic Inversion product offers more options to improve anisotropy property estimates calibrated to well control for effective well design and optimum production. This figure shows anisotropy magnitude of Vp/Vs from wide-azimuth seismic data on a section through the Marcellus shale play. (Image: CGG GeoSoftware)

CGG GeoSoftware has launched Jason 9.5, the latest version of its advanced reservoir characterization software that adds many new capabilities including depth inversion, broadband reservoir characterization and anisotropic inversion. These additions build on and improve Jason’s technology that reveals essential reservoir…

Statoil Farms into Turkey Onshore Acreage

Image: Statoil

Statoil announced it has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50 percent interest in the Banarli licences, while the operator Valeura Energy Inc., a Canadian exploration company listed on the Toronto Stock Exchange will keep the remaining 50 percent.

Statoil farms into Turkey Onshore Acreage

Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licences, while the operator Valeura Energy Inc., a Canadian exploration company listed on the Toronto Stock Exchange will keep the remaining 50%.

Emerson Launches Enhanced Reservoir Engineering Software

Pairs Plot within Tempest 7.2 that show the correlation between uncertain simulation input parameters and history match quality. (Photo: Emerson)

Emerson Process Management launched Roxar Tempest 7.2, the latest version of its integrated reservoir engineering software suite that can be applied in a wide variety of scenarios such as field appraisal, field optimization, and brownfield development. Tempest 7.2 comes with significant enhancements to its history matching…

Emerson Acquires Yggdrasil

Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software. Emerson will incorporate Yggdrasil’s METTE production optimization solution into the Roxar reservoir management software portfolio, providing operators with an integrated workflow from…