iRes-Geo consists of a small distributed team. We fully embrace remote working and see the value in connecting global excellence. If you are a reservoir engineer or geophysicist with an interest in geophysical reservoir monitoring and the integration of reservoir engineering with geophysics, you might know many of us at iRes-Geo. We hope to speak with you soon.
Thank you for checking out iRes-Geo. I want to tell you why we decided to build this company in the first place.
Back in 2014, when I still worked in one of the major North Sea oil companies. I saw people in the asset teams struggling to identify the locations of the remaining oil and infill targets with confidence. In the asset teams, most of the reservoir models were built many years ago. History matching, as a typical approach to conditioning the models to field data, could only imperfectly match some of the production history data and was often carried out in a ‘patch-fix’ manner. In the meantime, new field data were piling up, e.g. tracers, well logs, 3D and 4D seismic, the list goes on and on.
How to integrate the field data available into the simulation model, to improve the reservoir understanding and reduce uncertainty, had become a key challenge for the team and we were craving for solutions to optimize the production in these mature fields.
However, there were challenges to be overcome in our way. Integrated visualization of multi-disciplinary data was one thing, whilst data fusion or integration on a fundamental level was the other. Unfortunately, reservoir engineers, geologists, and geophysicists still mostly worked on their own with different data and models, even if we were all sitting on the same floor of the same office.
This is truly a frustrating situation. Because, the high-quality 3D, sometimes 4D seismic data, is not rare at all today in the North Sea, and the data quality is constantly improving with the new advancement of acquisition technology.
We need a new solution to fundamentally work with all the good data!
Thus, I teamed up with my Ph.D. colleagues from Heriot-Watt University and developed several new solutions, which aimed to facilitate the integration of seismic and reservoir model, and we call them the MFD 2.0 (mature field development 2.0). Some of the concepts behind these technologies have been widely popular, whilst some of them are less well known but is well practiced. So, if you rely on your reservoir models to make crucial infill drilling and reservoir management decisions for mature fields, I would recommend you check out the Seismic Conditioning under MFD 2.0 solutions.
We offer a first-user discount and you can contact us if you would like to know more.