Project evaluates POSC specifications for infill drilling. [Petrochemical Open Software Corp]
- Oryx Energy Co., Dallas, TX (United States)
- Elf Exploration Inc., Houston, TX (United States)
- Shell Oil Co., Houston, TX (United States)
A project is under way to build data-loading tools and create an integrated oil and gas production data base using specifications developed during the last 3 years by the Petrotechnical Open Software Corp. (POSC). The Industry Pilot Project (IPP) Phase 1 is a collaborative effort between seven oil companies. The participating oil companies have provided a large set of data from a producing North American oil and gas field and money, hardware, and personnel. Many companies have already streamlined their infill drilling processes and receive significant incremental benefits. But current information technology can often be a stumbling block. Cross-disciplinary use of information is the key goal of these streamlining efforts, but much time is lost in finding, reformatting, accessing, and determining the quality of data. This project sets out to prove how POSC specifications can help reduce the cost and time for developing a field, improved the quality of the decision-making process, minimize the number of communication barriers and, most importantly, change technology from a hurdle to a seamless step. The project demonstrates that POSC specifications are an enabling technology that can dramatically improve the way oil companies and suppliers operate.
- OSTI ID:
- 7031849
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 92:20; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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