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FORNY20-FORNY2020

Inverse Rock Physics Modelling - En programvare for mer treffsikker karakterisering av hydrokarbonreservoarer

Alternative title: Inverse Rock Physics Modelling - A software for more accurate characterization of hydrocarbon reservoirs

Awarded: NOK 7.5 mill.

Seismic interpretation is performed during exploration, appraisal and production of hydrocarbons, and form an important decision basis for oil companies globally. Unfortunately, the ambiguous seismic data is often misinterpreted and the industry is struggling to predict the actual resources directly from the seismic data. This leads to billions NOK yearly lost in missed revenues and wasted expenses. In 2014, over 40 wells on the Norwegian Continental Shelf was drilled, but only 4 of them struck hydrocarbons of commercial volumes. The oil companies are therefore searching for modern, quantitative tools for seismic interpretation to improve their success rate. Dr. Johansen and Dr. Jensen in Rock Physics Technology has over 10 years of research at University of Bergen developed Inverse Rock Physics Modelling (IRPM). IRPM is a unique technology combining geophysics and geology, and predicts the probability of hydrocarbons in the seismic data. The industry has already shown great interest in the development IRPM, in accordance to the companies request for quantification of the risk related to interpretation of seismic data. The aim of the FORNY2020 project is to verify the IRPM-technology and commercialize IRPM as a software-plugin for the most common software-platform in the E&P industry.

Funding scheme:

FORNY20-FORNY2020