Assisted Well Placement Optimization

Translate computational power into oil production

Using powerful computer to search for optimal well locations that produce most and cost least is a holy grail for reservoir engineering. Limited by model accuracy and computational speed, by and large, this kind of technologies are still not suited for large-scale well placement optimization in a commercial setting.

How long do we have to wait until Quantum Computer gets mature, that we can properly solve optimization problem at this level?

Maybe, this problem can be partially solved before then. We see that a significant speed boost can be achieved by improving the optimization algorithm, reduce the dimensions of the solution space, and combine the engineering approach and numerical simulation approach.

iRes-Geo has created in-house software for assisted well placement optimization. It has been tested on multiple models. A result of 30%-60% increase in production has been achieved with the same number of wells. And most importantly, it is 30-40 times faster, which makes it possible to optimize a large number of wells in a short turnaround to meet the requirement of commercial projects.

We are looking to pilot test this technology further on more fields. We offer no-cure-no-payment to the first 10 clients. If you are looking to drill the next well with a tight economical margin, I would like to invite you to talk to us.