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Petrosys to market FaultSeal's "FaultRisk" software

Monday, September 17, 2012

Oil and gas mapping and surface modelling company Petrosys has announced a reseller agreement with Australian company FaultSeal, to sell its "FaultRisk" software.

FaultRisk can be used to analyse fault data to work out how much risk a fault poses to your project.

Petroleum geoscientists can use Petrosys' maps tools and FaultSeal's FaultRisk fault analysis together.

The faults can more easily be incorporated in the estimations of reservoir size (volumetrics).

New commercial oil and gas opportunities are increasingly focussed on fault dependent reservoirs, which may have been passed over in favour of easier options in the past, Petrosys says. You have to know which faults seal and which faults leak.

FaultRisk calculates the probability of faults being sealed and the range of volumes trapped in a prospect, taking the uncertainty into account.

'Providing geoscientists with the opportunity to improve fault geometric resolution and quantify seal characteristics using FaultRisk products is a natural extension to our core value proposition', says Volker Hirsinger, managing director of Petrosys.



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» Petrosys
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