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Abstract

Summary

In the past 5–7 years effective and low-cost geosteering technologies became a game changer for unconventional development in North America, allowing thousands of oil&gas companies to stay profitable during the ongoing downturn economical environment.

Modern geoscience and geosteering technologies are more and more about IT and software, rather than downhole hardware tools. IT technologies have advanced enormously in the past 8–10 years, but these capabilities are not yet fully endorsed by oil and gas industry. Modern computing power, low cost storage facilities, super efficient algorithms, big data analysis, artificial intelligence and cloud collaborative technologies will eventually completely transform the current practices. This will lead to a new way of how we model reservoirs, geosteer wells, integrate data and communicate with each other. But this process is an evolution, rather than a revolution, due to a fact that oil and gas industry is conservative and adapts slowly to new technical and economical trends and realities.

Knowing the true stratigraphic position of well trajectory, constantly and proactively monitoring this position and doing adjustments as needed in real time while drilling - represent a significant breakthrough in keeping the well in the best target zones no matter how thin those are.

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/content/papers/10.3997/2214-4609.201702633
2017-11-23
2024-03-28
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References

  1. How big data changes the O&G industry
    How big data changes the O&G industry. Analytics magazine, November/December2012
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