Oslo, NORWAY, November 17, 2022:
Resoptima announced today a joint project with the support of the Research Council of Norway. The partnership includes Aker BP and Sval Energi as E&P operators and NORCE as an independent research institute. The project aims at leveraging Resoptima’s reservoir modelling and reservoir management technologies to further develop specific solutions that will help reduce CO2 emissions associated with oil and gas asset development and production activities. The scope of the project is relevant to all upstream oil and gas operators, and once validated by all parties, the software solution will be added to the commercial portfolio of Resoptima for licensing on a global basis.
The initiative is grounded in Resoptima’s long-standing thought leadership and unique software solutions for the management of subsurface and dynamic uncertainties through its ensemble-based modelling system. Resoptima will coordinate this pioneering project with scientific input from NORCE. Aker BP and Sval Energi will contribute with data, expertise, and pilot testing of the technologies.
The main goal is to establish algorithms to enhance oil production while minimising CO2 emissions. This will be achieved primarily by:
- Optimizing the selection and location of additional wells aiming at reducing both the number and length of the wells
- Modelling reservoir drainage to optimize water injection and reduce water production, as these activities rely on carbon-intensive power generation. This approach will contribute to a better operation of wells both in production and injection modes.
“Oil and gas will remain an important component in the energy mix for years to come,” said Resoptima CEO Atila Mellilo. “It is therefore very important to develop technologies that contribute to the de-carbonization of oil and gas production, ensuring that development and production activities are taking place in the most sustainable way, with the lowest possible emission levels.”
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