Geovariances launches R&D consortium for depth conversion software

Geovariances has announced its consortium on Depth Conversion and Uncertainties, a two-year R&D programme starting from spring 2015 and aiming at developing a new software solution dedicated to depth conversion for the oil and gas industry.

Context

Performing depth conversion while assessing related uncertainties is a classical although challenging task in various contexts. Dedicated software and methodologies exist but with various limitations: black box solutions, lack of functionalities, limited models, no uncertainty assessment, etc.

To address the issues that still prevent people from performing efficiently this task, Geovariances is starting a two-year R&D consortium in partnership with Mines ParisTech focused on the development of a software dedicated to depth conversion for the oil and gas industry.

Consortium objectives

  • To combine various probabilistic methods relevant for depth converting seismic horizons and quantify related uncertainties.
  • To implement these methods in a new generation software for the oil and gas industry. The software will be developed on Geovariances’ new development platform and ultimately available as a standalone product. Direct links with mainstream geomodelers will be provided (including Petrel™ and Earth Modeling™).

 

New software benefits and key points

Benefits

  • Global multi-layer conversion approach, which avoids error propagation observed when converting sequentially various horizons from top to bottom;
  • Uncertainty assessment on related GRV/STOOIP volumes.

Important features

  • Data Quality Control and reconciliation
  • Handling of classical velocity models
  • Spatial characteristics described in a consistent multivariate model
  • Bayesian framework to account for prior knowledge about modeling parameters
  • Base case and uncertainty quantification (e.g. P10-P50-P90 cases)
  • Volumetrics: GRV & STOOIP computations
  • Spill point distribution
  • Sensitivity analysis

Advantages

Mines ParisTech and Geovariances combined expertise:

  1. Geovariances proven technology (Isatis, Isatoil);
  2. Most recent advances supported by the Geostatistics and Geophysics teams of Mines ParisTech

Ease-of-use

  • Modern and user-friendly interface
  • Workflow-oriented approach
  • Efficient embedded visualization facility (2D/3D with slicing capability)
  • Updating procedure
  • Direct link with geomodelers
  • Wide Input/Output data compliance

 

Adapted from press release by Cecilia Rehn

 

Published on 26/03/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

Acquisition of the Bilby 2D seismic survey begins offshore WA

Searcher Seismic, in co-operation with BGP, has announced that the Bilby Non-Exclusive 2D seismic survey acquisition has commenced.

Latest technologies for survey acquisition and imaging employed

Schlumberger launches two new full-azimuth multiclient surveys in the US Gulf of Mexico.

Aker Geo becomes First Geo

Leading sub-surface consultancy Aker Geo will operate under the First Geo brand with immediate effect.

LMKR updates: GeoGraphix and more

LMKR announces new partnerships, new advanced geophysical capabilities and a new GeoGraphix update.

Recommend magazines

  Oilfield Technology