Deloitte is to bring to market ‘digital oil recovery’ (DOR) technology developed by French modeling and optimization specialist Foroil. DOR was originally developed for the nuclear and defense industries and now the subject of three US patents*. The ‘exclusive’ collaboration targets increasing production and reserves from conventional oilfields with more than seven years of operating history. Deloitte brings its consulting and implementation services to the table.
Foroil founder and chairman Hugues de Saint Germain, a former director of Elf Aquitaine Production, said, ‘Past data tells a story about the dynamic behavior of a reservoir. But the industry needs a Rosetta Stone to translate the story into actionable plans.’ Deloitte’s Scott Sanderson added, ‘This could have as much impact on the industry as 3D seismic!’
DOR processes 15 million development plans overnight to identify the
optimal development plan. Modest ‘20%’ production
and reserve increases have been ‘routinely generated with
little to no capital expenditures.’ ‘More
aggressive’ capital programs have generated ‘growth
of over 50%.’ More from Foroil.
* US 8,412,501, US 8,532,968 and US 9,031,821.
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