• 2021 May 7 14:08

    LR innovates lifecycle approach in oil and gas subsurface software

    The new modules and updates to Lloyd’s Register’s subsurface software packages – IC and IP – will help oil and gas operators adapt to an ever-changing world.

    Lloyd's Register on May 5 launched 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 in 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. The industry is on a journey of change as it transitions to alternative and differing subsurface technology applications than just hydrocarbon production. Increased insights of scale, from region to well, across the lifecycle of all subsurface assets will be more valuable than ever in this changing world."

    "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 Register'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.

    The IP software will also benefit from a refreshed, cloud-ready user interface designed to be touch-screen compatible with a more detailed home screen view and improved search function, resulting in a more intuitive user experience.

    IC, Lloyd's Register's well integration and visualisation software, will benefit from a new addition to produce more detailed correlations of the subsurface characteristics between wells as well as easier to apply interactive interpretations.

    Not only will the tool be highly insightful for oil and gas operators, it can also play a role in new energy markets by identifying locations to tap geothermal resources, fresh water or lithium brine extraction, as well as being used to access underground aquifers or waste disposal sites. IC will produce holistic subsurface interpretations at a higher resolution than ever before, improving insights and decision making across any aspect of a project's lifecycle.

    The new correlations feature is bolstered by a new data import infrastructure to make it even simpler for users to merge and integrate disparate subsurface data for visual display and interpretation.

    Nial McCollam, Lloyd's Register's CTO and keynote speaker at SPWLA adds: "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."




2021 June 23

17:41 Enstructure to acquire Patriot Ports, further expand southeast terminal network
17:29 FESCO and NFC Logistics to develop intermodal transportation to APR countries
17:12 Lyttelton Port Company orders more Konecranes Noell Straddle Carriers
16:55 Sea Port of Saint-Petersburg installs new fire protection equipment
16:33 WISP2 project launched to further improve performance predictions, rules and regulations for wind propulsion
16:18 MPC Container Ships ASA signs agreement to acquire Songa Container AS and operational update
16:00 Federation Council approves expansion of Saint-Petersburg city limits with new plots of land in the Gulf of Finland
15:44 First zero-emission, full-electric shunting locomotives for Port of Rotterdam in production
15:24 Port of Antwerp converts a tug to methanol propulsion – a world first
15:13 Vopak awarded contract for industrial terminal in China
15:01 Russia’s shipbuilding companies secured 480 orders for 100dwt and larger ships till 2025
14:50 Pecém Complex signs cooperation agreement with SOHAR Port and Freezone, in Oman
14:37 New AR glasses allow Yara Marine Technologies to provide remote service and training
14:34 Kalmar celebrates completion of its 3000th reachstaker at Shanghai manufacturing unit
14:19 Port of San Diego partners with Canada’s Ocean Supercluster
14:03 DNV adds new class for cloud-based simulation
13:48 Maersk Supply Service wins its largest project contract ever
13:27 Designing non-fossil fuelled, Ulstein X-BOW container vessel for EDGE Navigation
12:51 Ramphosa announces establishment of Transnet National Ports Authority
12:30 Navigation season opens at Provideniya, Anadyr and Egvekinot ports
12:17 Höegh accelerates decarbonisation with new industry leading vessels
11:21 The Port of Gothenburg will offer shoreside power for tankers from 2023
10:09 Albwardy Damen recognised as Best New Building Yard at ShipTek Awards 2021
09:55 Rosmorport completes work on preservation of structures at international maritime terminal under construction in Pionersky
09:32 Baltic Dry Index as of June 22
09:27 MABUX: Global bunker prices do not have any firm trend on Jun 23
09:19 Oil prices rise on reduction of US reserves

2021 June 22

18:37 K”Line participates in R&D and demonstration project for CO2 marine transportation
18:13 Finnish authorities actively using EMSA’s remotely piloted aircraft to support vital coast guard tasks over the Baltic Sea
18:01 Port of Gothenburg ready to enter into joint venture with Castellum
17:57 EMSA: EU ship traffic fell by 10% in 2020 due to the COVID-19 pandemic
17:34 Ecochlor completes all land-based and shipboard testing for EcoOne™ filterless BWMS
17:15 Huntington Ingalls Industries announces first international order for REMUS 300 UUVs
17:00 Deepwater Container Terminal secured by Polish Prime Minister
16:14 New vessel brings Furetank to the UN 2050 climate goal
15:50 RF Navy ships arrive in Saint-Petersburg for IMDS-2021
15:27 Optimarin expands BWTS service offering for smart maintenance
15:14 China ports container volume rises 15.2% in January - May 2021
14:52 South Korea’s first commercialised hydrogen electric boat officially unveiled
14:46 List of check points for importing of pesticides and agricultural chemicals approved by RF Prime Minister
14:24 METIS and Geislinger integrate vibrations into Neptune Lines vessel performance trial
14:01 Kongsberg Digital to deliver real-time drilling software Sitecom® to Brazilian major Ocyan
13:42 New vessel brings Furetank to the UN 2050 climate goal
13:10 The ice thrusters for the walk to work ice breaker have been delivered at shipyard Royal Niestern Sander
12:37 ClassNK expands scope of Innovation Endorsement
12:10 MOL starts research and development on large-scale liquefied CO2 carrier
11:43 One Sea white paper sets agenda for autonomous ship safety regulation
11:00 Wärtsilä chosen to power British Columbia’s most environmentally advanced escort tugs
10:41 Oil price exceeds $75 per barrel
10:22 ABB and Keppel O&M reach key autonomy milestone with remote vessel operation trial in Port of Singapore
10:09 Crowley takes delivery of tugboat with the most compact size in the U.S.
09:50 DCSA releases interface standards for the bill of lading with API definitions
09:40 Checkpoint across RF state border opened at Passenger Port Saint Petersburg
09:26 MABUX: Global bunker prices may demonstrate firm upward evolution on Jun.22
09:13 Baltic Dry Index as of June 21

2021 June 21

18:26 The Port of València to eliminate one million plastic bottles
17:37 Elcome expands presence in Europe
17:06 Jan De Nul Group installs 72 wind turbines for the 604 MW Kriegers Flak wind farm
16:59 ICC Greenland joins the Arctic Economic Council
16:12 DNV completes successful concept verification review of Odfjell Oceanwind’s WindGrid™ floating wind power system