Schlumberger has announced that Hydro has selected Petrel software as its workflow tool for subsurface reservoir characterization. The contract is valued at US $13 million.
Hydro exploration and production asset teams worldwide will use the Petrel software to develop and refine workflows across multiple technical disciplines.
”The ability to share knowledge and instantly update models with new data allows Hydro to optimize exploration and development plans based on analysis of numerous scenarios,” said Justin Rounce, vice president, software, Schlumberger Information Solutions. “With the Petrel model-centric workflow, Hydro exploration and production asset teams can benefit from much greater collaboration than has traditionally been possible.”
At the outset of the software standardization project, Hydro required a more flexible portfolio of software that would better meet the needs of the organization, which is increasingly dependent on efficiency and mobility. An important requirement was a software portfolio that was integrated across the geoscience and engineering disciplines. Hydro chose the Windows-based Petrel software for seismic interpretation and well log correlation and as a complementary application for reservoir modeling.
Petrel is a complete seismic-to-simulation software solution, enabling static to dynamic workflows that extend into drilling and economics. With Petrel technology, all work processes lead to one unified earth model, enabling better decisions in tight timeframes with reduced uncertainty. For more information about Petrel, visit www.slb.com/Petrel.
Recommended Reading
TGS to License Tanzania’s Offshore Subsurface Data
2024-06-20 - TGS, in an agreement with Tanzania’s Petroleum Upstream Regulatory Authority, reserves the right to license all of the country’s offshore data, acquire future seismic data and reprocess existing data.
US Drillers Add Oil, Gas Rigs for Second Time in Three Weeks
2024-07-19 - The oil and gas rig count, an early indicator of future output, rose by two to 586 in the week to July 19, its highest since late June.
E&P Highlights: June 24, 2024
2024-06-24 - Here’s a roundup of the latest E&P headlines, including TotalEnergies working with Nigeria to reach FID on the Ubeta gas field and Chevron signing production sharing contracts for two blocks offshore Equatorial Guinea.
E&P Highlights: July 1, 2024
2024-07-01 - Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.
E&P Highlights: July 15, 2024
2024-07-15 - Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.