Research and Markets: Society of Petroleum Engineers Digital Energy Conference Proceedings - Houston

Dublin, Sep 23, 2008 (M2 PRESSWIRE via COMTEX) -- DRGY | Quote | Chart | News | PowerRating -- Research and Markets (http://www.researchandmarkets.com/research/aeadfe/society_of_petrole) has announced the addition of the "Society of Petroleum Engineers Digital Energy Conference 2007 Proceedings - Houston" report to their offering.

Society of Petroleum Engineers Digital Energy Conference 2007 Proceedings - Houston: April

If you want some strong advocacy for your digital oilfield effort, try the following claim from BP s Chris Reddick, BP s Field of the Future program has added one billion barrels to BP s reserve base. These are new barrels, not deferred production. Hence the strong interest in the Society of Petroleum Engineers 2007 Digital Energy Conference (SPE DEC) which now spans information technology from the upstream to downstream process side of the digital oilfield.

This year saw increasing interest from operators and solution providers from the process side of the upstream/downstream fence. The show was also characterized by more offerings from horizontal vendors from outside of the oil and gas vertical. Some are in real oilfield use; others represent tentative marketing sorties into the cash-laden oil and gas sector.

Dominating the horizontal vendors is Microsoft which is making inroads into upstream IT, piggy backing the rising influence of the process community and with some SharePoint flagship projects in Chevron and Shell. The above example from OSIsoft show some of Vista s shiny new tools applied to connect real time data from the PI Historian to Excel, via Microsoft s Web Parts.

Company presentations included updates on Shell s smart fields, Chevron s i-Field, and much reflection on the difficulty of recruiting the renaissance engineer, a hybrid PE/IT specialist. BP showed a Microsoft Virtual Earth-based application in its Arkoma Basin assets and an intelligent closed loop integrated digital system for artificial lift operations in the San Juan basin.

Schlumberger presented emerging semantic techniques for securing remote operations. We noted in our report from the AAPG1 that Halliburton was increasingly integrating wireline and interpretation. At the DEC, Schlumberger came out with a similar crossover in the form of a compelling mock up of a Petrel/Interact combo for geosteering. An excellent session on High Performance Computing confirmed the dominance of Linux in this space. BP s in-house clusters now have a 100 TeraFlop capacity.

Concern was expressed about the need for better parallelizing compilers and for improved HPC software support with talk of possible funding for open source developments in this space. Finally, you may like to know one secret behind BP s billion new barrels. According to Reddick, Data management is the key to real time. BP actively manages real time data in some 20 fields around the world.

Key Topics Covered:

- History of Smart Fields Charlie Williams, Shell

- Executive Round Table

- WellTrends time-based drilling data Mike Strathman, AspenTech

- Pipeline data visualization in Virtual Earth Mike Weber, BP North America

- Real time drilling data visualization with Complex Hull Steve Knudsen, Sandia Labs

- Field of the Future Chris Reddick, BP

- Oilfield Ontologies Bertrand du Castel, Schlumberger

- CIO Roundtable

- Information Architecture for the digital oilfield Hugh Sardoff, Chevron

- Intelligent, digital closed loop integrated system Peter Oyewole, BP

- High Performance Computing Session

- Data cleansing with WebMethods Paul Gregory, Intervera

- Andrey Bakulin, Shell 4D as smart field enabler

- Leadership Round Table

- Industry at do or die point Phiroz Darukhanavala, BP

- Exhibitors

- Technology Watch Subscription Information

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