POSEIDON
A reservoir management revolution
Page last modified
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
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Fast-track delivery – 5 times quicker than simulation workflows
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Automated history match – matching production history on the fly of each run, fully suitable for mature fields with long history & many wells fields
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Decisions under uncertainty – multi scenarios and subsurface realisations approach for statistics-driven quantifications
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Asset management decisions at reduced costs – regular updates are even quicker
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Successful merge between physical models, predictive analytics and AI – 85-95% accuracy of numerical simulation
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Innovative workflow requires entry learning and implementation in line with assets business processes
Specification
| Title | Description |
|---|---|
| Theme/Discipline | Reservoir Engineering |
| Core Tech | Simulation Software |
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Accuracy
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>85% accuracy when validated against common commercial simulator on a real field data.
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Areas of Application
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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.
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Impact
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Dramatic optimisation of resources (manpower, time and costs) required to deliver field management decisions. Data-driven workflow to improve delivery and assess uncertainties.
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Implementation time
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Several weeks.
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Input
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Production data, well data, reservoir/fluid properties and static property maps.
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Output
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Validated data set, multi-phase vertical production allocation, remaining oil maps, opportunities identification and quantification, future development plan & forecasts, risks and uncertainties management.
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Runtime
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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.
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Technology Readiness Level
The Technology Readiness Level (TRL) indicates the maturity level of novel technologies. Learn more about the TRL scale used by us.
[9/9]
Development
Technology demonstration
Mature / Proven
THREE60 Energy is a global leader in engineering and energy transition solutions, formed in 2016 but with a history extending far beyond that date. The company delivers engineered, manufactured, and operations solutions that support customers' assets or facilities across their entire lifecycle, from design and construction to refurbishment, repurposing, and decommissioning. With a workforce of over 1000 globally, THREE60 Energy offers expertise in engineering, operations, and systems, as well as proprietary technologies and products. The company operates across several key industries, including oil and gas, renewables, carbon capture and storage, marine, defense, and nuclear. THREE60 Energy prides itself on providing fully integrated asset lifecycle services across the entire energy industry, with a focus on delivering lean, technology-driven solutions that enhance efficiency while maintaining a commitment to sustainability and ESG principles.
Country of Headquarters
United Kingdom
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