"By combining Petrel software with our leadership in seismic and simulation, we are delivering the ultimate seismic-to-simulation workflow, which we call the Living Model," said Ihab Toma, president of SIS. "The Living Model is a workflow for fast, dynamic and proactive reservoir management."
Ultimate Workflow
A typical workflow progresses from seismic to modeling to simulation. Today, applications in the seismic and simulation domains are rich in functionality with most workflows fully supported. The crucial modeling domain requires another level of integration and is not as mature.
As a prospect evolves through exploration, appraisal, development and exploitation, it is critical to have the ability to integrate new data, rapidly update understanding of the subsurface and reduce uncertainty. These capabilities, which are key features of Petrel, become increasingly important as the industry moves toward the digital oilfield.
With Petrel at its heart, the Living Model gives users the ability to model rapidly, as well as perform risk and uncertainty evaluation. Users at all levels can build dependable models and instantly update decisions with the latest information throughout the life of the asset. The Living Model enables the Smart Field™ and delivers a complete asset performance solution.
Software Vision
"In addition to being the heart of our Living Model, Petrel is the core reservoir characterization technology for our next generation Windows® software," said Toma. "Our vision is to deliver a fully integrated scaleable software platform based on a common shared earth model, and supporting real-time data feeds, which will be used through the entire exploration and production workflow."
According to Petrel founder Jan Grimnes, "The combination of Petrel Workflow Tools with SIS' software gives customers the ability to develop a 3D model of the reservoir with both static and dynamic capabilities.
The synergies between our two organizations take modeling mainstream, and through the global Schlumberger organization and the extra resources now available, expand our ability to deliver innovative products and services to customers."
Petrel now has 125 employees in 14 locations, and will continue to operate under the ongoing leadership of Grimnes, who has been named Petrel portfolio manager.
To support this strategic direction, SIS has assigned additional staff to maintain and enhance the strong position the Petrel Workflow Tools has today.
