Lloyd’s Register, a professional services company specialising in engineering and technology solutions, is launching a suite of new modules and updates to its subsurface software packages, IC and IP
The software’s new capabilities are prompted by the increasing need to capture and utilise data across the entire lifecycle of wells and fields, allowing E&P operators to rise to the challenges presented by a maturing industry, and the energy transition, without additional software investment at each stage. The new modules and software updates will be demonstrated at the virtual SPWLA 62nd Annual Symposium 2021 on 17-21 May.
Derek Crombie, vice-president of subsurface at Lloyd's Register, said, “Integrated digital technologies are vital for subsurface operators to keep pace with, and push the boundaries of, a rapidly changing world.”
“With countries such as Denmark no longer issuing new hydrocarbon exploration licenses, E&P operators are increasingly seeking to maximise output from their existing assets and subsurface regions. In addition, many abandoned wells are now being earmarked for other uses such as carbon capture, utilisation and storage, geothermal and waste disposal.”
“Equally, as retiring engineers are replaced with the next generation, and remote working is becoming the new normal, subsurface software needs to be geared towards integrating data and industry knowledge from numerous sources as seamlessly as possible.”
One of the new modules – Casing Inspection – introduced to IP, Lloyd’s' subsurface interpretations software, will seamlessly integrate mature well monitoring and abandonment into the platform, strengthen IP’s existing collection of cased-hole tools, further improving insights across a well’s lifecycle. Two further modules will provide automated workflow benefits for users. Textural Facies will create an automated workflow for determining rock texture types from image log data, while Log QC will highlight data quality issues with raw log measurements.
Nial McCollam, Lloyd’s Register’s chief technology officer and keynote speaker at SPWLA, added, “Decades of subsurface exploration has led to rapid growth in data collection and storage. However, poor quality data can have an impact on the accuracy and precision of decision-making. These IP and IC updates are vital for the industry to keep pace with the demands of an ever-changing world and will pave the way for operators to successfully adopt innovative technologies as they become available.”