Repsol: Optimization of oil field processes
Excalibur is a tool developed by Repsol that uses statistical and mathematical techniques to analyse the data needed to reduce the risk of error and optimize the process of detecting and extracting oil fields.
With oil field geology becoming ever more complex, the oil industry has to tread very carefully. In a sector where drilling a dry well can cost millions of Euros, investment decisions are always made in a context of uncertainty because what is happening in the subsoil is impossible to predict. That’s why new technologies like Excalibur are essential. The problems are so complex that without them they could not be addressed.
Excalibur makes up for this lack of data with an analogical search prototype that compares the new oil field with similar known fields. Using this reference, it calculates the petrophysical properties of the virgin reservoir and its probabilistic distribution, which serve as the skeleton for reproducing the 3D model.
The company's specialists can connect to the Advanced Simulation Laboratory from anywhere in the world, which encourages teamwork, speeds up the process, and above all, improves the quality of forecasts.