Repsol, IFPEN to cooperate on reservoir studies
IFP Energies nouvelles (IFPEN) and Repsol Technology Center have signed a framework agreement to collaborate in research projects for exploration and production.
RUEIL MALMAISON, France – IFP Energies nouvelles (IFPEN) and Repsol Technology Center have signed a framework agreement to collaborate in research projects for exploration and production.
IFPEN is developing basin modeling and reservoir characterization software to help improve insight into the subsurface environment and evaluate oil potential.
In parallel, Repsol is conducting its own research into subsurface modeling and reservoir characterization, with application to some of its main projects.
One aim of the cooperation is to validate and jointly develop these technologies using real data from fields that Repsol operates.
The partners will use the data to fine-tune their software and adapt it to the specific problems that Repsol faces, for instance in carbonate reservoir characterization. The company has astrong presence offshore Brazil.
They could extend their cooperation to other exploration and production-related services.