Developed by Petrolern's data scientists and subsurface engineers, the company says the technology has the potential to completely change how oil and gas fields and other resources are operated. Although originally developed for subsurface CO2 plume monitoring, the technology can add significant value to the oil and gas and geothermal energy industries as well.
It is claimed the low-cost technology can drastically increase safety and project profitability and it has already attracted the attention of several oil and gas operators, utility companies and fibre-optic technology firms.
Petrolern's CEO, Dr. Hamed Soroush, said: "Dealing with large data sets has always been a challenge for the industry, keeping real-time monitoring and control of subsurface operations, until now, only a dream. I am very proud of our talented team for turning the dream toward reality. This is the fifth such contract we have been awarded in the past two years from government and industry with the objective to improve the accuracy and resolution of subsurface characterization and monitoring. We continue to increase our client-base, and technology partnerships for our R&D activities."
Petrolern is a service and technology provider of real-time technologies and downhole tools for oil and gas, carbon storage and geothermal reservoir monitoring solutions that enable safer operations and more cost-effective decision making for drilling, completions, stimulation, production, and storage, and promotes the development of greener energy solutions.