Reservoir characterization

Petrolern has received a $1.15-million grant from the US Department of Energy to develop and commercialize its technology that models in-situ stresses by using available data.
The Norwegian Petroleum Directorate and Equinor have announced the biggest discovery so far this year on the Norwegian Continental Shelf. Three wildcat wells drilled in the Blasto prospect near the Fram field confirmed the find and were then permanently plugged and abandoned.
Algorithms are taking over the world, or so we are led to believe, given their growing pervasiveness in multiple fields of human endeavor such as consumer marketing, finance, design and manufacturing, health care, politics, and sports. The focus of this article is to examine where things stand in regard to the application of these techniques for managing subsurface en…

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