Schlumberger
acquires Decision Team
Posted: 13 May 2004
Enhanced capabilities to deliver comprehensive workflow
solutions for historical and real-time production optimization and
proactive reservoir management
Schlumberger Information Solutions (SIS) today announced it has
acquired the assets of Decision Team, an oil and gas software and
consulting services firm based in Baden, Austria.
Decision Team capabilities and its DECIDE! intelligent reservoir
surveillance software are the latest additions to the SIS portfolio
of production optimization solutions. DECIDE! intelligently captures,
analyzes, conditions and transforms both historical and real-time
production data into actionable operational decisions.
“The combination of SIS and Decision Team will provide a
comprehensive set of petroleum engineering workflows, thus enabling
real-time production optimization and proactive reservoir management
for our customers,” said Peter Goode, president, SIS. “Given
the increasing production demands facing our industry, DECIDE! provides
a catalyst for enhancing production and augments our existing real-time
capabilities.”
Today’s extensive volumes of operational data present a challenge
for reservoir and production engineers to effectively analyze the
data to make operational decisions. By using DECIDE! production
engineers and geoscientists can enhance production workflows by
transforming raw data into pertinent information quickly and efficiently.
“With DECIDE! production engineers can leverage this immense
volume of data while focusing on well and field-level production
problems,” said Michael Stundner, managing director, Decision
Team. “We look forward to integrating DECIDE! with the SIS
production suite of software to enhance production optimization
workflows such as simulation history matching.”
The DECIDE! artificial intelligence decision analytics system is
directly applicable to reservoir and production engineers, enabling
them to generate useable information from large volumes of data.
Its analytical data mining capabilities support efficient diagnostics
and predictive modeling that provides insight to reservoir management,
illuminates production opportunities and prioritizes operational
decisions. Examples of this would be optimizing field injection-production
ratio, artificial lift performance and smart well control.
The software’s notification systems provide ranking lists
of those wells that are under performing, and automated event detection
replaces routine field surveillance, resulting in significant time
saving. Downtimes are greatly reduced by 24/7 surveillance of key
performance indicators.
About Schlumberger
Schlumberger is the world's leading oilfield services company supplying
a wide range of products and services from formation evaluation
through directional drilling, well cementing and stimulation, well
completions and productivity to consulting, software, information
management and IT infrastructure services that support core industry
operational processes.
The company employs more than 50,000 people of over 140 nationalities
working in 100 countries. Schlumberger also manages WesternGeco,
jointly owned with Baker Hughes, which is the world's largest seismic
company and provides advanced acquisition and data processing services.
In 2003, Schlumberger operating revenue was $11.4 billion.
For more information see www.slb.com
Posted by Richard Price,
Editor Pipeline Magazine
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