New Workflows to Be Developed Across Multiple Technical Disciplines
LONDON, August 12, 2005 - Schlumberger announced today that Tullow Oil, London, has selected Petrel* software as its primary seismic interpretation and reservoir modeling workflow tool. Asset teams will use the seismic interpretation and petrophysical modeling software modules to develop and refine workflows across multiple technical disciplines.
"We are able to make faster and more accurate decisions by taking advantage of the streamlined workflows available via the Petrel tools," said Chris Flavell, Tullow Oil UK exploration manager. "The integration across the domains improves the sharing of knowledge across our seismic-to-simulation workflow for improved decision making."
"The intuitive, pc-based system is deployed globally and provides a cost-effective solution for our seismic interpretation and modeling needs," commented John Boucher, staff geophysicist at Tullow Oil. "Our technical experts now collaborate on a shared model, using a shared set of tools--resulting in a more complete understanding of our reservoirs and their drainage characteristics."
Petrel Windows-based workflow tools will interface directly with Tullow's existing OpenWorks corporate data stores via OpenSpirit, avoiding the need for any migration of data. Tullow will replace its various legacy interpretation packages with Petrel tools, enabling complete seismic-to-simulation workflows within a single application.
"With all tools integrated in a single application, Tullow Oil asset teams can benefit from much greater collaboration than has traditionally been possible," said Justin Rounce, vice president, Schlumberger Information Solutions. "The ability to share knowledge and update models with new data instantly will allow Tullow Oil to document development plans through numerous scenarios to assess risk and uncertainties."
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About the Organizations
Tullow is a leading independent oil and gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol:TLW) and is a constituent of the FTSE 250 Index. The Group has interests in over 90 production and exploration licences in 16 countries and focuses on three core areas: Northwest Europe, West Africa and South Asia.
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
