Shell and Baker Hughes have signed a software license and joint development agreement to produce a high-end platform for geological and reservoir modeling using Baker Hughes’ JewelEarth software. Shell says the new platform will bring enhanced evaluation and visualization capabilities to geoscience and petroleum engineering experts, allowing them to better plan and manage the extraction of oil and gas resources. “High-quality modeling of complex reservoirs is a major factor in creating additional value in our industry,” said Arjen Dorland, Shell’s EVP for technical and competitive IT. “Today’s announcement underlines Shell’s commitment to developing innovative technologies that give us and our partners a competitive edge.”
The system will be optimized for resource modeling and production in tight/shale gas and liquids rich shale reservoirs. The Baker Hughes JewelEarth software platform has a strong track record of delivering integrated, data-driven workflows for optimizing these types of plays.
The world is now thought to have around 230 years of recoverable gas resources at current production levels – of which roughly half is tight gas, shale gas, and coalbed methane. Shell is producing these gas resources in the US, China, and Australia.
The new platform will complement Shell’s existing applications, including GeoSigns, Shell’s proprietary software used to visualize and interpret seismic data, and will form part of an integrated working environment for Shell’s exploration and modeling experts.
“The JewelEarth platform can handle multiple solutions – from basin to wellbore scale – using one generic data source,” said Mario Ruscev, Chief Technology Officer at Baker Hughes. “This capability will provide an innovative modeling and optimization platform for the fast-growing Shell user community”.
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