Oil and Gas: Shell and Baker Hughes develop reservoir modeling platform

Source: Shell

Shell and Baker Hughes develop reservoir modeling platformShell and Baker Hughes today announced a software license and joint development agreement to produce a high-end platform for geological and reservoir modeling. The new platform will bring enhanced evaluation and visualization capabilities to Shell allowing geoscience and petroleum engineering experts to better plan and manage the extraction of oil and gas resources, realizing their full potential. “High-quality modeling of complex reservoirs is a major factor in creating additional value in our industry,” said Arjen Dorland, Shell’s EVP for Technical and Competitive IT. “Today’s announcement underlines Shell’s commitment to developing innovative technologies that give us and our partners a competitive edge.”

The system will be optimized for resource modeling and production in tight/shale gas and liquids rich shale reservoirs, and is based on the Baker Hughes JewelEarth™ software platform, which has a strong track record of delivering integrated, data-driven workflows for optimizing these types of plays.

The world is now thought to have around 230 years of recoverable gas resources at current production levels – of which roughly half is tight gas, shale gas, and coalbed methane. Shell is producing these gas resources in locations including the US, China and Australia.

The new platform will complement Shell’s existing applications, including GeoSigns, Shell’s proprietary software used to visualize and interpret seismic data, and will form part of an integrated working environment for Shell’s exploration and modeling experts.

“The JewelEarthTM platform can handle multiple solutions – from basin to wellbore scale – using one generic data source,” said Mario Ruscev, Chief Technology Officer at Baker Hughes. “This capability will provide an innovative modeling and optimization platform for the fast-growing Shell user community”.

Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Adding GPS vehicle management to your team

A GPS fleet management system can be a highly effective tool to help lower costs, improve productivity, and manage your vehicles more efficiently. But with many vendors and prod...
( 09/01/2015 / 01:00 PM Eastern Daylight Time / 12:00 PM Central Daylight Time / 10:00 AM Pacific Daylight Time / 17:00 GMT )
Sponsored by

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Latest Energy Jobs

View more Job Listings >>