Emerson has launched SpeedWise Reservoir Opportunity, a fully automated, cloud-native reservoir analytics solution.
Emerson has launched SpeedWise Reservoir Opportunity, a fully automated, cloud-native reservoir analytics solution.
The software, developed with Quantum Reservoir Impact (QRI), applies advanced algorithms, data mining and workflow automation to cut the amount of work required to identify field development opportunities from months to weeks.
The solution features automated geo-engineering workflows for identifying and ranking recompletion, vertical sweet spots and horizontal wells. By analysing historical field performance and benchmarking against analog assets, the flexible framework intelligently picks the optimal parameters for the identification process, tailored to address the unique geological and engineering challenges posed by each field.
‘Oil and gas professionals can now identify field development opportunities with 10 times the speed and accuracy compared to present industry norms. Using AI, advanced analytics and automation of complex workflows to deliver capital savings – that is a game changer,’ said Dr. Nansen Saleri, chairman and CEO, QRI.
