Frack less – produce more
Amros Corporation’s breakthrough ShaleVision™ technology identifies the highest producing zones in shale plays using only open-hole log data, providing operators with optimum locations and trajectories for horizontal wells to maximize profitability and avoid drilling low-productive wells, reducing development cost and environmental impact. It provides also key information to optimize well spacing. When combined with data from surrounding vertical wells, ShaleVision™ identifies the best formations and optimum trajectories for horizontal wells along with estimates of production.
Analyses of more than 100 vertical wells in the Permian Basin show that developing only sweet spots allows operators to decrease production costs by a factor of three. That means that operators should be profitable even with an oil price of $20 per barrel.
The technology can be applied in old wells. Reprocessing existing data increases production from areas considered depleted by identifying reserves previously missed. The new approach significantly increases recovery efficiency and reduces environmental impact. Operators can have huge additional profit and at the same time pump only one third of the water, proppants and various chemicals under the ground.
The technology is Global Petroleum Show 2018 Award Winner in the category Innovation in Technologies and finalist of many international technology events.
Relative Business Impact
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