Seismic Micro-Technology (SMT) says that a majority of seats sold in Q2 were of KINGDOM Advanced. KINGDOM Advanced was released in mid-2009 to help organizations that have highly complex oil and gas field evaluation needs. The rapid domestic and international adoption of the technology underscores the increasingly sophisticated needs of exploration and production companies.

“With the rise of unconventional exploration, deep water prospecting, and enhanced oil recovery techniques in aging fields, companies are looking for better technology to meet the new challenges they face,” said Arshad Matin, President and CEO, SMT. “KINGDOM Advanced gives businesses the leading science they need, while remaining easy to use, helping geoscientists to be more productive.”

KINGDOM Advanced includes a patent pending horizon tracking capability that accurately picks through complex geologies and near-vertical events. It requires only a few initial seed picks in order to provide a high quality interpretation. As a result, interpreters can reduce the time consuming task of picking horizons, reducing overall cycle times for interpretation. In addition, it includes surface curvature attribute analysis for easier fracture detection, as well as user access controls to limit who can access project data.

SMT will continue to improve its offering in the next release with reserves and economics evaluation capability in KINGDOM Advanced. The new functionality includes advanced volumetrics to better estimate uncertainty and sensitivity in identifying in-place reserves. Monte Carlo simulation allows for simultaneous evaluation of multiple reservoirs to analyze the range and probability of potential 1P, 2P and 3P estimates. The multi-segment decline curve analysis capability supports more accurate forecasting of recoverable reserves. Companies can create field development plans, analyze incremental effects of a workover or infill drilling, and model production entity-based analysis with a click of a button.

Tags: Seismic Micro-Technology (SMT)