Emerson Signs Agreement with YPF to Deliver High-Quality Subsurface Data
YPF collaborates with Emerson to utilize its market-leading exploration and production software for seismic data interpretation and visualization.
YPF S.A. is an Argentinian energy company that engages in the exploration and production of oil and gas, and the transportation, refinement, and marketing of gas and petroleum products. YPF was founded in 1922 and was the first oil company to become vertically integrated and the first to be established as a state enterprise outside of the Soviet Union.
Recently, the company signed a multi-year agreement with Emerson for its exploration and production (E&P) software for seismic data interpretation and visualization.
Emerson's E&P software product will be the first to be integrated into YPF’s portfolio and is set to become the firm's corporate interpretation software standard.
Emerson’s E&P Software
Processing and imaging solutions from Emerson’s E&P software group have been designed to help companies like YPF gain valuable insights from seismic imaging and data processing.
Seismic data is able to be accurately translated and high-definition images of the subsurface acquired to enable oil and gas companies to enhance hydrocarbon production with greater certainty.
Emerson's End-to-End E&P Software Suite includes a range of capabilities in addition to seismic data processing and imaging. This includes data interpretation, formation evaluation, geographic modeling, reservoir engineering, drilling, and production modeling.
The Big Loop
One of the featured technologies compromising one part of the extensive E&P suite is the Big Loop application-agnostic ecosystem. This application allows data regarding subsurface uncertainties capturing during the modeling process to be used as inputs in a repeatable workflow.
A screenshot from a Youtube video from Emerson about the Big Loop E&P Software. Image used courtesy of Emerson.
These inputs can be adjusted and a group of models created via an iterative loop. Customers can expect a ready-to-analyze flow model calibrated to multiple geophysical, geologic and production data. This will ensure consistency with the underlying geology.
Automated and integrated seismic and production workflows enable better decision making, reduces risk ad improves production forecasting.
Key Features of the Big Loop Include:
- Workflows are automated and scalable, from G&G to Reservoir Engineering
- An ensemble-based workflow that tightly integrates the static and dynamic domains, supporting collaborative workflows and reliable risk assessment
- “Evergreen” models that allow fast and efficient model building, and easy model updates to integrate new data
- The ability to capture, preserve, and propagate uncertainties across all domains for better predictions and decision support, and generate revised history matched ensembles with minimal clicks.
- Sample through the uncertainty spaces and automatically create hundreds of models.
- Automatic combination of uncertainties and generation of hundreds of runs.
"With our E&P software-as-a-service model and long history of domain experience, Emerson is well-positioned to lead the cloud transformation for the oil and gas market," said Peter Zornio, chief technology officer with Emerson’s Automation Solutions business.
Seismic interpreters from YPF can enhance their drilling success by using Emerson's integrated environment, unique database, and modeling technology to validate their interpretations and construct more representative models for the subsurface.
Emerson hopes to provide YPF with the tools and insights they need to increase efficiency, reduce costs and seismic interpretation time, and accelerate digital transformation.