EAGE, London --Landmark and Statoil have agreed to jointly create a geoscience interpretation software system for Statoil's basin- and project-scale exploration, the companies announced today at EAGE in London. Each company will contribute $6.5 million to the three-year project.
The companies expect to combine the key technological components of basin modeling, seismic processing and modeling, seismic prestack analysis, stratigraphic modeling, and a visualization and data management upgrade. They also expect the project will result in new exploration workflows including those for basin architecture, basin fill, and mapping for "yet-to-find" and "sweet spot" reserves.
The work will be done on Landmark's DecisionSpace platform.
"This system will be adapted to meet exploration needs on a large-scale down to specifics," says John Reidar Granli, VP of Exploration R&D for Statoil. "If you only evaluate (a narrow part), you only get fragments. With this, we will be able to see the whole thing. We can start big and then refine the hunt."
This undertaking will put the premise of exploration in the forefront of the system rather than being based on the premise of production as before, Granli said.
In addition to the basin-wide view, the system will enable changes in workflow integration among the various technical experts in the company.
"It will be a catalyst for supporting the integration of specialists," says Granli. "It even will stimulate the integration. We will get more effective studies of the largest areas of both new frontiers and mature basins for better prospect definition and drainage strategies."
This will be the largest joint program in Landmark history, said Peter Bernard, senior VP of Business Development and Marketing for Halliburton. Landmark is part of Halliburton's Digital and Consulting Solutions division.
This joint development also "will de-silo the way we work with developing software," says Chris Usher, senior director of DecisionSpace and Innovative Technology, at Landmark. "DecisionSpace will provide a unique visualization and application integration on a common platform" that also makes remote collaboration possible.