Geomodeling Technology Corporation

infobox company
company_name = Geomodeling Technology Corporation
company_type = Private
foundation = 1996
location_city = Calgary, Alberta
location_country = Canada
key_people =
Mike Odell, CEO
Renjun Wen, Founder, and Chief Technology Architect Murray Christie, Vice President, Innovation
Mark Klingbeil, Controller and Chief Financial Officer
industry = Geological Software Systems

homepage = http://www.geomodeling.com/

Geomodeling Technology Corp. produces geoscience software for the oil and gas industry. Founded in 1996, Geomodeling has international offices and resource centers in Canada, China, Mexico, Norway, United Kingdom and USA.

History

1987, Dr. Renjun Wen, Founder and Chief Technology Architect moved to Norway to pursue research interests in geostatistics and petroleum geology [Geomodeling. (2008). Website Retrieved July 28th 2008, from http://www.geomodeling.com/about_e.htm ] . As part of a post-doctorate project at the Norwegian University of Science and Technology in the early 1990's, Wen developed Geomodeling's core technology, SBED. Based on his research, he was contracted by Statoil Research Centre in 1996. He worked with fault analysis from seismic attributes and provided small-scale models for remaining reserves projects. The foundation of VisualVoxAt was created during this period.

At Statoil Renjun participated in an integrated reservoir characterization study called the Remaining Reserves project. The aim of the project was to explore solutions for improving oil recovery in the Norwegian sector of the North Sea fields. The reservoir asset teams knew that part of the solution was to include the effects of small-scale heterogeneity in full-field-scale reservoir models. However, available reservoir technology was unable to model the complex interlayering in the sandstone fields.

In two months, Wen developed software that could realistically model the cross bedding and parallel bedding structures observed in the deposits. These detailed models were subsequently used to calculate the kv/kh for the reservoir units and helped to define strategies for optimal recover.

After completing his contract in the Remaining Reserves project, Wen immigrated to Canada with his wife and two children. In Calgary, Alberta, Wen saw great opportunities for taking his research to the business units of major petroleum companies. With the advent of the software and an idea, Geomodeling was born.

Vision

Geomodeling’s vision is to be the leading exploration and production software solution innovator to oil and gas companies world-wide.

Software

The company offers three software products:

SBED technology generates geological models at centimeter- to meter-scale resolution and enables more accurate calculation of hydrocarbon reserves. SBEDStudio generates realistic models of geologic environments for evaluating reservoir behavior and managing reservoir risk. VisualVoxAtTM is Windows-based software for seismic attribute generation, visualization, calibration, classification and interpretation.The three products have contributed to project sanction, well planning and improved drainage strategies in major petroleum companies.

BED

SBED enables the user to model the small-scale bedding structures that impact fluid distribution. With the software's built-in upscaling function, users can integrate these small-scale effects into large-scale reservoir models and decrease the uncertainty in reservoir predictions.

SBED is software for small-scale (centimeter- to meter-scale) geological heterogeneity modeling and upscaling.

BEDStudio

SBEDStudio enables users to build geologically realistic scenarios by modeling the multi-scale structures and lithologies that impact fluid flow. By simulating multiple geological scenarios in SBEDStudio, users can rank the scenarios and evaluate reservoir performance with a realistic range of uncertainty.

Users can further refine scenarios by distributing the effective property relationships generated from SBED within SBEDStudio's property grids.

SBEDStudio reservoir modeling software integrates well log, seismic, stratigraphic, lithofacies and petrophysical data to build geologically realistic models for predicting reservoir production profiles and managing reservoir risk.

VisualVoxAt

VisualVoxAt is integrated, Windows-based software for seismic attribute generation, visualization, calibration, classification and interpretation. VisualVoxAt allows users to see beyond broadband seismic resolution and aids in extracting the right attributes.

VisualVoxAt enables users to visualize data at multiple seismic resolutions and to identify the attributes that impact hydrocarbon distribution. As an enhancement to existing seismic interpretation workflows.

External Links

[http://www.geomodeling.com Official Website]