One of our industry solutions is around better oil field visibility and more efficient extraction that according to the
reference article can actually help offset global warming.
Real-time monitoring of oil reservoirs helps companies see how effective flooding is and whether there are still pockets of oil that engineers can go after. The technique is often called 4D, because it not only shows what the reservoir looks like in three dimensions but illustrates how it changes over time. One company noted for its successful use of 4D is Norway's StatoilHydro ASA. At its Norne field under the North Sea it has carried out repeated seismic surveys to discover changes in subsurface structures and to monitor flow rates of water, gas and oil in real time. Such techniques have helped lift the recovery factor at Norne to 52% from 40% and extend the field's life past 2015.
Advanced sensors that indicate pressure, temperature and flow rates in real time are increasingly being installed on equipment. This gives engineers a live view of how an oil well is performing, and more timely information about how productivity can be improved.
International Business Machines Corp. is one company at the forefront of such techniques. It integrates sensors, accesses and analyzes the information they provide and makes recommendations based on the data.The advanced sensors allow engineers to communicate with the reservoir in real time...so they can make the right decisions...One technique that can be applied based on realtime guidance, involves pumping carbon dioxide into reservoirs to flush more oil out of the ground. The technique could become increasingly attractive as the world seeks to reduce greenhouse gases.[Read More]