HOUSTON, July 23, 2018 /PRNewswire/ -- Over the last couple of decades, microseismic data has played a consistent role in upstream asset development, but the field has always had certain limitations. Those limitations weren't in the data itself, but rather in the tools available for operators to make use of it in a way that enables more profitable well and field decisions.
FracMap Clarity™ is a proprietary six-step process that's increasing the value of microseismic data in the upstream oil and gas industry. By breaking down microseismic data in a variety of new ways, and examining the relationships between variables in greater detail, FracMap Clarity™ gives operators a clearer view of fractures created by fluid versus those simply driven by stress. It adds a premium level of insight to ESG's existing FracMap® offering encompassing comprehensive downhole and surface microseismic acquisition, processing and analysis services for hydraulic fracturing operations.
Armed with a better picture of the productive fracture network, operators can use FracMap Clarity™ to make more profitable well planning decisions, optimize well spacing, improve reservoir coverage and maximize Estimated Ultimate Recovery (EUR).
"At a baseline, a microseismic data set resembles a cloud of events," says Sheri Bowman-Young, ESG's Senior Manager of Global Energy Services. "It adds value but requires a lot of work by the interpreter to decipher what it means for well production. By rethinking the math and providing a lot more data context, we can strip away stress-induced events. So rather than a cloud, we're looking at a map of the productive fracture network. The information is much more actionable."
"This is a big deal," adds Shan Jhamandas, Vice President of Global Energy Services for ESG. "The opportunity cost for these asset development decisions is high. If operators can place wells and stages more strategically, and better troubleshoot things like fluid communication issues or parent and child well interaction, the impact on maximizing overall asset ROIs through reducing completion costs and increasing production per pad could be huge."
About ESG Solutions
With offices around the world, ESG Solutions provides some of the most advanced and reliable microseismic acquisition, processing and analysis services available today. Leading operators entrust their data to ESG Solutions as a valued strategic partner in optimizing production, reducing costs and mitigating the risks associated with field development. ESG Solutions is an Operating Company of Spectris plc. More at esgsolutions.com.
About Spectris plc
Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs over 10,000 people with offices in more than 30 countries. More at spectris.com.
Media Contact: Marc Sandaluk
marc.sandaluk@esgsolutions.com
613.548.8287 Ext. 239
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SOURCE ESG Solutions
