Knowledge Reservoir Unveils Integrated Approach to Developing Unconventional Resources.
Knowledge Reservoir, a leading global energy consulting company, today announced an approach that will integrate several technology and expertise elements with the objective of promoting better exploitation of unconventional resource plays.
The approach integrates three elements, the first of which is a new web portal knowledge base product, CompassKB™, released today. CompassKB assists users in optimizing the decision making processes involved in the assessment and development planning of unconventional resources such as shale and coal bed methane. With a best-practice roadmap for qualifying shale and other unconventionals, each step in a resource assessment has been tied to a practical wiki written by the company’s in-house subject matter experts. Hosted in the cloud and accessible from any internet-connected device, such as an iPad, smart phone or computer, CompassKB supports technical staff in defining a resource development strategy and enables them to make smarter decisions faster.
CompassKB can be customized by users with company-specific knowledge on each wiki page, ensuring that proprietary processes are incorporated in day-to-day activities. By using social technology that harnesses the knowledge of its workforce, subscribers can fast track resource assessment workflows, maintain consistency in decision making and also provide assessment process instruction for junior technical staff and those new to unconventionals.
Secondly, Knowledge Reservoir’s expertise has been incorporated into the development of new unconventional reservoir simulation based technologies by established software and service providers. These new technologies have resulted in novel tools that address modeling and gridding elements of simulating wells in shales and tight sands.
The third and final element is the track record of Knowledge Reservoir’s Unconventional Resource Team, comprising over 200 years of collective experience in more than 150 unconventional plays worldwide. The company helps operators deliver improved engineering development strategies to maximize recoverable reserve potential, provides reserve estimations, develops well planning to improve reservoir contact and delivers advanced petrophysics studies to drive completion and stimulation optimization. Knowledge Reservoir has analyzed and ranked multiple shale resource plays, resulting in many high profile acquisitions and has conducted shale reservoir modeling and simulation assessments of plays in North America and across the world which have formed the basis for multi-billion dollar investments.
The knowledge base, simulation technologies and experience combine to provide the expertise to deliver the answers that all are searching for in attempting to characterize unconventional reservoirs.
Source: Knowledge Reservoir
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT.
Public relations, press release distribution service, investor relations, SEC filing, regulatory news,upstream, downstream,corporate announcements,technology developments and political news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas press releases!!!