POSEIDON

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A reservoir management revolution

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April 11 2024

POSEIDON™ is the innovative reservoir management solution establishing new standards of workflow turnaround time and uncertainties management using predictive data methods.

Data consistency scanning and quality Control, stochastic multi-phase production allocation with production logging control, advanced three-phase remaining oil mapping engine with log-derived wells fractional flow and fluid contacts position tracking merged with predictive data analytics and machine learning forecasts are the fundamentals of innovative reservoir management workflow.

Pros & Limitations

Fast-track delivery – 5 times quicker than simulation workflows

Automated history match – matching production history on the fly of each run, fully suitable for mature fields with long history & many wells fields

Decisions under uncertainty – multi scenarios and subsurface realisations approach for statistics-driven quantifications

Asset management decisions at reduced costs – regular updates are even quicker

Successful merge between physical models, predictive analytics and AI – 85-95% accuracy of numerical simulation

Innovative workflow requires entry learning and implementation in line with assets business processes

Specification

Specification Title	Specification Description
Accuracy	>85% accuracy when validated against common commercial simulator on a real field data.
Areas of Application	Brown/Mature fields with edge aquifer/bottom drive water and/or gas cap expansion. Extra advantages for fields with large number of wells, flow units, reservoir compartments and variety of subsurface uncertainties.
Impact	Dramatic optimisation of resources (manpower, time and costs) required to deliver field management decisions. Data-driven workflow to improve delivery and assess uncertainties.
Implementation time	Several weeks.
Input	Production data, well data, reservoir/fluid properties and static property maps.
Output	Validated data set, multi-phase vertical production allocation, remaining oil maps, opportunities identification and quantification, future development plan & forecasts, risks and uncertainties management.
Runtime	DataScan validation - few minutes for full field data set. Allocation processing <15 min per well (most advanced 3-phase engine, long production history & multiple commingled reservoirs). Runtime reservoir remaining oil mapping: 5-30 min.