TNK-BP Chooses Petrel Based on Powerful Capabilities, Ease-of-Use, and Availability on Windows Platform
LONDON, December 13, 2005 - Schlumberger announced today that TNK-BP has selected Petrel* workflow tools as its primary application for subsurface reservoir characterization to equip its newly created multifunctional teams with a PC-based, complete seismic-to-simulation software workflow.
The decision came at the end of a long-term technical evaluation in which Petrel and other commercially available solutions were used in everyday work on TNK-BP projects. The in-depth evaluation process included multiple TNK-BP subsidiaries across Russia, including divisions in Volga/Urals, western Siberia, Tyumen and Izhevsk technical centers, and Moscow headquarters teams.
TNK-BP assets and development projects comprise some of the most complex environments imaginable, including dual porosity, heavy oil and some fields with more than 20,000 wells.
According to TNK-BP, Petrel was selected because it provided a complete workflow from seismic-to-simulation and promoted better collaboration among asset team members. Further, TNK-BP asset teams found that Petrel was easy to learn and use and provided significant productivity gains.
"We are delighted that Petrel has succeeded in this head-to-head evaluation," said Olivier Le Peuch, president, Schlumberger Information Solutions. "TNK-BP has acknowledged the significant business impact of using Petrel in their multidomain asset teams to develop a more thorough understanding of the reservoir, to assess risks and uncertainties, and ultimately to optimize production and enhance recovery."
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About the Organizations
TNK-BP is Russia's second largest oil company, employing close to 100,000 people and operating in nearly all of Russia's major hydrocarbon regions. It is headquartered in Moscow and governed by a multinational team, consisting of Russian and international executives who have worked in more than 50 countries worldwide. Established in 2003 with the merger of Russian companies TNK (Tyumen Oil Co.) and SIDANCO, the company is 50% owned by BP and 50% by a group of prominent Russian investors: Alfa Group, Access Industries and Renova (AAR). tnk-bp.com.
Schlumberger is the world's leading oilfield services company supplying technology, project management, and information solutions that optimize performance for customers working in the oil and gas industry. The company employs more than 58,000 people of over 140 nationalities working in more than 80 countries, and comprises two business segments. Schlumberger supplies a wide range of products and services from formation evaluation through directional drilling, well cementing and stimulation, well completions and productivity to consulting, software, information management, and IT infrastructure services that support core industry operational processes. WesternGeco, jointly owned with Baker Hughes, is the world's largest seismic company and provides advanced acquisition and data processing services. In 2004, Schlumberger operating revenue was $11.48 billion. For more information, visit SLB.com.
For further information, contact:
Susan Ganz
Media Relations Manager
Schlumberger Oilfield Services
Tel: +281 285 8245
sganz1@slb.com
© Press Release 2006
