Emerson Launches Cloud-Based Reservoir Analytics Software
Emerson has launched cloud-native software designed to find opportunities for field development through data mining and automation. The software, called SpeedWise Reservoir Opportunity, was developed in collaboration with Quantum Reservoir Impact.
Emerson has launched cloud-native software designed to find opportunities for field development through data mining and automation. The reservoir analytics software, called SpeedWise Reservoir Opportunity, was developed in collaboration with Quantum Reservoir Impact (QRI).
Emerson and QRI say the software can reduce the time needed to identify field-development opportunities from months to weeks. “SpeedWise Reservoir Opportunity is digital transformation at its best,” said Nansen Saleri, chairman and chief executive officer for QRI. “Oil and gas professionals can now identify field development opportunities with 10 times the speed and accuracy compared to present industry norms.”
The software uses automated geoengineering work flows to identify and rank recompletions, vertical sweet spots, and horizontal wells. By analyzing historical field performance and benchmarking against analog assets, the framework selects the optimal parameters for the identification process.
Based in the cloud, the software is accessible through a subscription. Reservoir teams analyze ranked opportunities collaboratively through a dashboard.
“Our goal is to give customers meaningful analytics to maximize efficiency, optimize reservoir management, and promote digital transformation,” said Steve Santy, president for exploration and production software at Emerson.
Emerson has created an animated video to showcase its new software. Watch it here: