Successful reservoir management requires an up-to-date inventory of candidate opportunities that an engineering team can pursue to meet expected production targets. They include reperforations, drilling a new well, or a sidetrack. Finding the best solutions requires combining geological knowledge, reservoir behavior, production history, completion information, and multi-disciplinary know-how. The conventional process of gathering, vetting and analyzing data is labor-intensive and generally takes several months. It requires the use of multiple software applications, making collaboration difficult and often leading to an unreliable set of candidates. Also, it is complicated to look at multiple scenarios under different hypotheses and leaves little time to rigorously vet options under review.

SpeedWise^® Reservoir Opportunity (SRO)* is an AI-based technology, the result of a collaboration between Emerson and Quantum Reservoir Impact (QRI). The technology automates steps, typically performed during the selection of field development candidates, by applying advanced algorithms and AI/ML to multi-disciplinary datasets, enabling teams to rapidly review alternatives by leveraging cloud computing. This cloud-native platform enables all members of an asset team to collaboratively assess field development possibilities.

You can also access this article and others in the October 2020 issue of WorldOil.com. Learn more about the technology presented in this article here.
* U.S. Patent Pending