Emerson, an engineering and technology company, and Repsol, an energy company, have established a strategic alliance to deliver advanced subsurface geophysical technologies to help accelerate oil production
Emerson will work with Repsol to implement and deploy advanced subsurface imaging technologies, with core technologies developed by Repsol as part of its 10-year innovation project, Kaleidoscope.
These advances will be used by a wide range of the geoscience community within Repsol and in all oil and gas companies that choose to license the technologies. The solution combines the latest in high-end visualisation, high-performance computing and cloud delivery.
These technologies have contributed to Repsol’s exploration success ratio, with special significance in complex geology settings in countries such as Brazil, Peru and Bolivia.
Lal Karsanbhai, executive president of Emerson’s Automation Solutions business, said, “We’re proud of our collaboration, to help Repsol bring this subsurface reservoir imaging innovation to the geoscience community. It is a great example of how technology and collaboration can deliver business value for the oil and gas industry.”
The partnership, which includes a joint R&D investment, will enable Repsol and Emerson to produce licensing software products that are commercially available to help other oil field operators and service companies.
Tomás García Blanco, executive managing director of exploration and production for Repsol, added, “The strategic partnership between Emerson and Repsol will enable the oil and gas industry to benefit from the deployment of our proprietary core technologies related to the enhancement of seismic processing and interpretation.”
“Our collaboration will build technology bridges between the domains of seismic imaging and interpretation, bringing high-end technology awareness and access to a broader geoscientist community,” he stated.
The first phase of the collaboration will provide advanced solutions for velocity determination, including full waveform inversion and advanced solutions for seismic imaging developed in the Repsol Technology Lab. In addition, collaboration can be extended to a broader range of Repsol subsurface technologies.
