Highlights of the Case Study:
|Client||A leading oil and gas industry player struggled to map the reservoir’s hydrocarbon accumulation using the seismic and well-log data.|
|Business Challenge||Our client wanted to interpret the data logged in extraction, exploration, and pipeline monitoring, which would help in estimating reservoir volume correctly.|
|Impact||Quantzig offered a data intelligence and advanced analytics solution that could evaluate the properties of the reservoir. These insights could then be used to determine commercial viability and decrease costs.|
Game-Changing Solutions for the Oil and Gas Industry
The production of petroleum commences with identifying the accumulation of hydrocarbons in the pore spaces of reservoir rocks such as sandstone and limestone. The quantity of oil or gas contained in a unit volume of a reservoir is an outcome of its porosity and hydrocarbon congestion. Seismic data detects the volume of oil and gas in the reservoirs by sending soundwaves to the surface of the earth and recording the wave bounce back to indicate characteristics such as type, size, shape, and depth of a sub-surface rock formation. The massive amount of data thus generated needs to run through advanced analytics solutions to provide insights into lithology, fluid formation, and rock texture and help determine the amount of oil and gas in the reservoirs. The adoption of advanced analytics and data intelligence is gaining prominence in the oil and gas industry as it helps to expedite the process.
The Challenges of the Client
Our client, a leading oil and gas industry player, wanted to estimate reservoir properties using seismic and well-log data. The client was struggling with mapping hydrocarbon accumulation in the reservoir, stalling and restricting its growth.
The client approached Quantzig for tailor-made advanced analytics solutions capable of estimating reservoir properties and mapping hydrocarbon accumulation. The client also wanted to interpret data logged in the process of exploration, extraction, and pipeline monitoring.
Quantzig’s Data Intelligence Solutions for Oil and Gas Industry Players
Quantzig experts deployed a data intelligence and advanced analytics solution that estimated permeability, water saturation, and hydrocarbon saturation to determine the amounts of oil and gas in the reservoirs found in X- field in the Nigeria Delta. Additionally, the advanced analytics solutions created by our experts helped the client use wireline of well logs and 3D seismic data to analyze and quantify the expected reservoir volume of sand bodies in an oil field in the Niger Delta region. The goal was to use advanced analytics solutions to determine reservoir rock attributes, translate seismic data into seismic attributes, and thus estimate the reservoir volume of the exploration area.
Request a Demo of this Case Study.
Impact Analysis of Quantzig’s Data Intelligence Solutions in the Oil and Gas Industry
The solution offered by Quantzig helped the client estimate information on reservoir properties using seismic data and map hydrocarbon accumulation. In addition, our advanced analytics solution enabled our client to determine the total area of a reservoir, its thickness, and its commercial viability. Besides these benefits, Quantzig’s solution impacted the client’s business in the following ways:
- Increase in exploration success rate
- Identify reservoirs with greater potential for oil and gas accumulation
- Determine hydrocarbon accumulation in reservoirs
- Identify thickness, lithology, permeability, porosity, and compressibility
- Improve understanding of subsurface structures
- Increase in reservoir characterization
- Improved reservoir management
Key Outcomes of data intelligence solutions
Quantzig’s advanced analytics solution leveraged the client’s seismic and well log data to determine hydrocarbon accumulation in the reservoir. We offered advanced analytics solutions that helped the client interpret the data logged in the extraction, explorations, and pipeline monitoring process for a better understanding of reservoir properties. Our solution thus enabled the client to improve reservoir management and exploration. We were able to help the client to determine the commercial viability of a reservoir and determine the amounts of oil and gas available for extraction.
A Broad Perspective on the role of data intelligence in the Oil and Gas Designing Sector:
Over the past few years, the use of data intelligence has grown significantly in the oil and gas industry due to increased demand for seismic analysis from the oil and gas industry. Seismic analysis is an exploration technique that leverages advanced analytics to determine the geological properties of the earth’s subsurface and explore petroleum deposits, making it essential for the oil and gas industry players to opt for advanced analytics. 3D seismic analysis is gaining prominence due to high energy demand globally. Therefore, oil and gas industry players have started implementing advanced analytics solutions to estimate information on reservoir properties and map hydrocarbon accumulation to decrease their oil exploration costs. Analytics solutions also help to effectively track and interpret data logged in the extraction, explorations, and pipeline monitoring process.
Key Takeaways of Data Intelligence Solutions:
Quantzig’s advanced analytics solutions for the oil and gas industry facilitate the following:
- Characterization of reservoirs
- Determination of commercial viability of reservoirs
- Identification of reservoirs with greater potential for oil and gas accumulation
- Determination of the optimal selling prices for products
- Determination of hydrocarbon accumulations in reservoirs
- Reduction in costs
Request a Demo of this Case Study.