More and more, exploration and production (E&P) operators are looking for new ways to gain a competitive edge on reservoir exploitation. The integration of surface and borehole microseismic validates hydraulic fracture analysis by quantifying the uncertainty of the x, y, and z axis of the events (from both applications). Magnitude is at the forefront of microseismic integration and research having completed several combined surface and borehole surveys around the world.
To advance the complex initiatives of integrating surface and borehole microseismic, Magnitude has made significant investments to commercially deliver integrated results to the oil and gas industry. Our dedicated teams of geophysicists, engineers, and programmers have been engaged in the research and application of surface and borehole innovation since the company’s inception.
Optimized Completions Programs
Considering hydraulic stimulation as a major cost component in completing an unconventional reservoir, frac optimization has a direct impact on the return on investment (ROI) of your asset. Unconventional reservoir multi-well drilling programs often require customized completion strategies in terms of pressure treatment, proppant types, and fluid injection.
Magnitude’s multidisciplinary approach bridges the gap between the near-bore information available from well logs and the reservoir information available from 3D seismic and geology to improve the fracture modeling process.
The integration of microseismic data in the analysis of well logs and the combined interpretation of microseismic data with fracture propagation simulations are key in properly assessing the actual dimensions of the hydraulic fractures and the in-situ stress regime that guides it.
Magnitude has developed such a workflow, which improves the accuracy of your predictive tools. Much as any quality improvement loop, the workflow allows you to zoom in on the best completion strategy, thus reducing your learning curve and reducing uncertainties on where to focus expensive resources.
Optimized Field Development and Recovery
The need to optimally produce a field, while also containing costs, is becoming progressively more important as the industry strives to meet increasing market demand. Operators need viable solutions for sustainably producing a reservoir and prolonging the life of the field by improving recovery methods and mitigating the risk of missed reserves.
Passive and active seismic monitoring enhance the reservoir model by depicting what is occurring during the stimulation and how the reservoir is behaving over time, such as fracture geometry and hydrocarbon migration pathways. Incorporating these results into reservoir models yields new insight into the areas to be developed or stimulated in order to improve overall hydrocarbon recovery. Magnitude offers the ability to integrate the multi-disciplinary fields of geology, geophysics, and petrophysics with microseismic and geomechanics to provide quantitative and predictive reservoir analyses so operators can confidently design programs that optimize stimulation and field development.
To learn more about Magnitude’s integrated surface and borehole microseismic interpretation services, please contact your local service representative.