Shell and Baker Hughes announced in a press release a software license and joint development agreement to produce a high-end platform for geological and reservoir modeling. The new platform will bring enhanced evaluation and visualization capabilities to Shell, allowing geoscience and petroleum engineering experts to better plan and manage the extraction of oil and gas resources, realizing their full potential.
The system will be optimized for resource modeling and production in tight/shale gas and liquids-rich shale reservoirs and is based on the Baker Hughes JewelEarth software platform, which has a strong track record of delivering integrated, data-driven workflows for optimizing these types of plays, according to the press release.
The world is now thought to have around 230 years of recoverable gas resources at current production levels – of which roughly half are tight gas, shale gas, and coalbed methane. Shell is producing these gas resources in locations including the US, China, and Australia.
The new platform will complement Shell’s existing applications, including GeoSigns, Shell’s proprietary software used to visualize and interpret seismic data. The new platform will form part of an integrated working environment for Shell’s exploration and modeling experts, according to the press release.
