An innovative new modelling workflow for reservoir characterisation has been developed that is capable of producing an advanced 3D geomodel of any subsurface zone of interest and can identify potential sand gas or oil zones that have previously lain undetected within a producing area.
A novel seismic DHI technology using resonance and dispersion to indicate for liquid hydrocarbons is making inroads in the E&P industry, successfully identifying oil and predicting dry wells. Could this find the pot of black gold at the end of the rainbow?
In the upstream oil and gas industry, digital transformation is changing how companies do business. According to Booz Allen Hamilton (December 2018), digital transformation of E&P proprietary data could save the industry as much as $1 billion each year while boosting hydrocarbon production by up to 8%.