Landmark
releases suite of directional well planning software
Posted: 20 February 2003
HOUSTON, Texas — Landmark Graphics Corporation,
a wholly owned business unit of Halliburton, announced today the
release of the DecisionSpace(tm) suite of next-generation directional
well planning software.
The integrated suite, comprising AssetPlanner, TracPlanner and
PrecisionTarget, will allow asset teams to rapidly plan field development
paths for multiple platforms in new field and brown field development
scenarios, minimizing cycle-time through advanced well-path planning
and workflow-based technology.
"E&P companies are continuously being challenged to decrease
cycle times and maximize reservoir performance," said Andy
Lane, Landmark president and CEO. "Landmark continues to develop
software that addresses these industry challenges. The DecisionSpace
well planning suite of software will reduce field development planning
cycle times and allow for more accurate wellbore placement which
will increase production."
AssetPlanner allows asset teams to automatically generate targets
against reservoir models. The software provides the ability to create
the reservoir target based on filtered characteristics within these
reservoir models, allowing users to optimize their field plans for
drainage.
TracPlanner allows asset teams to interactively create and visualize
a variety of exploratory or field development scenarios quickly
and effectively. Using TracPlanner, asset teams are able to obtain
solid budget estimates long before more detailed planning is initiated.
PrecisionTarget, based on technology originally developed by Statoil,
allows asset teams to more accurately place wellbores by taking
into consideration geophysical, geological and mechanical uncertainty.
Together, the three technologies provide a complete directional
planning suite that works within the new Landmark DecisionSpace
framework.
This technology forms the industry's most advanced path planning
suite of applications for asset teams. Statoil has been using PrecisionTarget
for all well planning on its lead assets, and the company believes
it is essential technology for all of its assets.
"Statoil applies PrecisionTarget on all Heidrun field wells,
first for planning purposes and then for real-time operations,"
said Oddvar Lotsberg, senior engineer for Statoil.
"This tool and associated work processes are important elements
for realizing the value potential of a new real-time operational
center to optimize well placement in the reservoir." The technology
helps asset teams generate more precise field development plans
in hours or days rather than weeks or months," said Bill Sanstrom,
Landmark vice president of Drilling, Production, and Economic Systems.
"It also takes advantage of the common visualization environment
that the DecisionSpace framework is based upon, and integrates with
OpenWorks and 3D DrillView for seamless planning workflows, enabling
our customers to plan and drill their wells with more speed, accuracy
and efficiency."
Landmark is the leading supplier of software and services for the
upstream oil and gas industry. The company's software solutions
span exploration, production, drilling, business decision analysis
and data management. Landmark offers a broad range of consulting
services that enable customers to optimize their technical, business
and decision processes.
For more information visit at www.lgc.com.
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