Keeping a Lid on Exploration Costs: The Art of Collaboration

Posted by Dan Pigat on Mon, Jan 19, 2015

With the price of oil cut in half over the last half of 2014, there is renewed and increased pressures on the costs of oil & gas exploration.

With a deep water well costing anything up to US$100 million plus and with many of the ‘low hanging’ fruit of the world’s oil & gas fields long since depleted, operators are pushing into more remote, technically complex and capital-intensive fields to sustain long-term production.

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New Technologies Enable Reservoir modeling in the cloud

Posted by PureWeb on Fri, Jan 9, 2015

Cloud computing has the potential to usher in a revolution in the oil and gas sector in terms of how it handles, interprets and shares reservoir models and how it increases accessibility across the asset team. The result will strengthen reservoir modeling’s position as a vital and mainstream business process, quantifying uncertainty, reducing risk and improving reservoir management decision-making. 

Check out this article by E&P magazine that discusses about new technologies that enable reservoir modeling in the cloud and expands on Emerson teaming up with Calgary Scientific to enable end users to experience the practical benefits of cloud based computing in their day-to-day operations.

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Tags: Blog