Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/emerson-completes-total-uncertainty-management-pro.shtmlEmerson Completes Total Uncertainty Management Program in Cooperation with StatoilEmerson has announced the completion of its Total Uncertainty Management program in cooperation with one of the oil and gas industry’s leading Exploration & Production (E&P) operators, Statoil.
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Emerson announces completion of Total Uncertainty Management program in cooperation with Statoil (photo: Statoil)
Emerson has announced the completion of its Total Uncertainty Management program in cooperation with one of the oil and gas industry’s leading Exploration & Production (E&P) operators, Statoil. On 17th October 2012 Emerson announced they were teaming up with Statoil, in a Total Uncertainty Management program. The program focused on how E&P companies can improve history matching, uncertainty management and quantification across the entire reservoir characterisation workflow through Roxar Tempest ENABLE, Emerson’s industry-leading history matching and uncertainty estimation software solution. Emerson has delivered major updates to Tempest ENABLE following deep technical input from Statoil and Emerson and Statoil have successfully completed the Total Uncertainty Management program. An incremental delivery approach was taken. In Q3 2014 the concept of Ensembles was introduced giving a marked improvement in statistical accuracy compared with traditional P10, P50, P90 approaches. In Q2 2016 the Roxar Application Connector was introduced allowing complex chained workflows, and in Q4 2016 the Ensemble Smoother was implemented. With the recent commercial 8.0 release of Roxar Tempest the benefits of the program are available to the industry as a whole. The program’s enhancements to Tempest ENABLE, combined with the uncertainty management capabilities of Emerson’s Roxar RMS™ characterisation and reservoir modeling software, allows workflows based on commercial software applications to quantify uncertainties across the complete reservoir characterisation and development workflow. By analysing multiple plausible realisations and incorporating the data into their decision-making, E&P companies can better quantify the effects of uncertainties on volumes and cumulative production so they can improve risk management. Key elements of the Total Uncertainty Management program, which took place over four years, included:
“Whether it be as input to field development and operational plans, investment proposals, or a future divestment, the ability to accurately generate future production estimates, quantify uncertainty, and minimise financial risk is one of the industry’s greatest challenges,” says Kjetil Fagervik, VP Product Development and Marketing of Roxar Software Solutions, Emerson Automation Solutions. “We have been delighted to work with such an engaged client as Statoil on such an important project and also delighted that they have selected Tempest ENABLE and our integrated reservoir modeling workflow as the best means of achieving the goal of greater uncertainty management – so crucial for maximising production and recovery from each individual reservoir.” Operators use Tempest ENABLE worldwide for better understanding and measurement of uncertainty in reservoir production performance estimates and for accelerated history matching. Tempest ENABLE can be used at any stage of a field’s life, from bid appraisal to abandonment, and whether production data is available or not. Roxar Tempest, which runs on Windows and Linux and operates alongside Emerson’s characterisation and reservoir modeling solution, Roxar RMS, is an integrated software suite that provides a single, consistent interface and is used in hundreds of installations worldwide. As well as Tempest ENABLE, Tempest MORE and Tempest VIEW, other modules are Tempest PVTx, a fluid analysis tool, and Tempest VENTURE, an economic evaluation tool that provides cash flow analysis derived from simulation results. All modules can be deployed as an integrated suite with a common interface, or separately within 3rd party simulation workflows. |