smt unconventional capabilities
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SMT Unconventional CapabilitiesTRANSCRIPT
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© 2010 Seismic Micro-Technology, Inc. – Confidential and Proprietary www.seismicmicro.com
KINGDOM Unconventional InterpretationGlobal Market Share Leader For Geoscience Software
Used for Primary Interpretation by 75% of US Onshore (Unconventional) E&P
Seismic Micro-Technology, Inc.Seismic Micro-Technology, Inc.
Geology Geophysics Engineering
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© 2010 Seismic Micro-Technology, Inc. – Confidential and Proprietary www.seismicmicro.com2
SMT Overview• Established Company: Global market share leader for interpretation
– In business since 1984. 3000 customers in over 100 countries– Used by 85% of 150 largest E&P companies– Used by over 75% of US on-shore unconventional players
• Fast Growing: Double digit growth in 2010 – International sales 65+% of total – growing faster than domestic
• Technology Focused: 80% of employees work in technology– 33% are Geoscientists– 33% of subject matter experts are PhDs
• Technology Partners:
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© 2010 Seismic Micro-Technology, Inc. – Confidential and Proprietary www.seismicmicro.com
SMT Offices – In 7 CountriesSMT Agents – In 17 CountriesSMT Customers – In 100 Countries
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Specialized Geoscience For The Generalist
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The Business Model For Unconventional Exploitation
• Exploitation of Shales Often Requires New Techniques• Horizontal drilling and fracturing• Real time optimization of drilling
• Economic Viability Can Change Quickly• Pay zones, though numerous, can be small• Gas markets subject to the whims of local market• Economic modeling throughout the life of the field
• Engineering Is More Integrated With The Interpretation Process
• Field evaluation no longer “where is it” but “how do we get it out”• Engineering collected info now flowing back to the geoscience teams
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Requirements For Success
• Detailed Fracture Evaluation• Attribute Analysis• AVO Analysis• Microseismic Analysis
• Clear Understanding Of Economic Viability• Volumetric analysis of hydrocarbons in place• Decline rate calculations• Economic modeling
• Tight Asset Team Collaboration• Geologists, Geophysicists, & Engineers
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Detailed Fracture Evaluation
• Running Attributes• Curvature attributes in particular have
been used with success• May be co-blended with other attributes
• Conducting AVO Analysis• Azimuthal pre-stack gathers can aid in
the determination of fracture trends • Interpretation of AVO and NMO velocity
variations can help identify anisotropy and fracture trends
• Evaluating Microseismic Data• Useful in determining the orientation,
density (volume) and extent of fractures induced by the frac job
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Determining Economic Viability
• Volumetrics• Estimated hydrocarbons in place• Uncertainty and sensitivity using Monte
Carlo analysis
• Decline Curve Analysis• Production history• Production forecasts• Production modeling
• Economic Modeling• Scenario analysis• Cash flow, NPV, ROR of modeled
scenarios
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Improving Asset Team Collaboration
• Enhanced Reservoir Knowledge• Understanding of natural fracture trends and patterns• Enabled by integrated desktop tools for each discipline
• Induced Fracture Analysis and Interpretation• Hundreds of wells per year – drill and treat• Frac job results analysis – rapid turnaround• Real- and near-time data impacts well treatment efforts and planning
• Effective Field Development• Integrated analysis of geological, geophysical, and engineering data• Volumetrics, production analysis, and economic modeling using all
available data• All disciplines working together optimizes field development
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© 2010 Seismic Micro-Technology, Inc. – Confidential and Proprietary www.seismicmicro.com
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Seismic Micro-Technology, Inc.Seismic Micro-Technology, Inc.
Geology Geophysics Engineering