SOURCE: SMT

SMT

October 18, 2010 09:15 ET

SMT Reveals Next Generation KINGDOM Unconventional Solution at SEG

Market Leader for Unconventional Interpretation Introduces Microseismic Data Analysis

DENVER, CO--(Marketwire - October 18, 2010) - Seismic Micro-Technology (SMT), the global market leader for geoscientific interpretation software, today announced it will preview its newest software solution, KINGDOM Unconventional Interpretation, at the annual SEG Conference in Denver. The upcoming release combines key new geoscience techniques being used within unconventional resource plays, including Curvature and Similarity attribute analysis, Azimuthal AVO analysis, and Microseismic data analysis. With the new KINGDOM Unconventional Interpretation solution, geologists, geophysicists, and engineers can all work together in the same software.

"The rise of horizontal drilling and hydraulic fracturing has made shale plays ubiquitous in the US, and increasingly so, internationally. However, the price of natural gas remains at a depressed level where many of these fields remain marginally economic," said Stan Abele, Vice President of Product Management, SMT. "To ensure that the production rates of wells are sufficient to maintain economic viability, organizations are looking to harness the next generation of science. Our goal, as the leader in unconventional interpretation, is to ensure companies have access to the rapidly evolving science."

Curvature and Similarity attributes, included in the KINGDOM Unconventional Interpretation solution, often co-blended with other common attributes, are giving organizations the ability to improve image confidence and resolution. While the focus in a shale play is primarily on 'how to extract it' rather than on 'where to find it', the key locations on where to fracture these reservoirs is critical. Analyzing azimuthal pre-stack gathers is another technique that leading-edge organizations are using to aid in the determination of fracture trends. Interpretation in KINGDOM of AVO and NMO velocity variations can help identify anisotropy and, like curvature, better delineate these fractures.

Perhaps the most important new science is Microseismic data analysis, being introduced for the first time at SEG. The technique helps define future drilling plans and treatment approaches. Microseismic data is collected during each stage of hydraulic fracturing process. This information can be used to delineate micro fractures for better dual porosity modeling and reservoir stimulation studies. This data is interpreted in KINGDOM to image the results of the fracture treatment in terms of the induced fracture orientation and extent.

In order to better understand the impact, it is necessary to correlate the microseismic events to the fracture treatments and tie the results to available geological and geophysical data. For best results, both the geoscience team and the engineering team need to work together in performing this analysis. KINGDOM helps enable this deeper level of collaboration by creating a single, scaleable, multi-user platform that can be used across the asset team from workflow start to finish.

A preview of the KINGDOM Unconventional Interpretation solution, including the capabilities described above, will be shown in theatres and demos at SEG booth #1808. Beta versions of the release will begin next month, with general availability to follow shortly afterwards.

To learn more about KINGDOM Unconventional Interpretation, visit http://www.seismicmicro.com/unconventional

About SMT
Seismic Micro-Technology, the market leader for geoscience software, helps organizations find oil and gas faster. The company's KINGDOM software allows geoscientists to focus on the analysis, not on managing the tools. SMT software enables intuitive interpretation, 3D modeling, analysis and data management, in one integrated executable. Customers can install and interpret data in the same day. With 2,700 customers in 100 nations, SMT has demonstrated performance proven to scale. SMT is headquartered in Houston, Texas with offices in Abu Dhabi, Calgary, Croydon (UK), Moscow and Singapore. For more information, visit www.seismicmicro.com

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