FracPerm is an integrated, easy to use fracture modeling package that enables geologists and reservoir engineers to create detailed, reliable permeability maps used in the flow simulation and history matching of reservoirs to reduce uncertainty.
Operating alongside Roxar's modeling software, IRAP RMS, FracPerm 2.0 combines data, geological properties, geo-statistics and geo-history in a data-driven approach, designed to make maximum use of available data and allow rapid and interactive quality control of the model as it is being built. Specific additions in FracPerm 2.0 include a redesigned, easy to use interface, simplified workflow and a new plug-in structure, which allows the reservoir engineer to better integrate and customize with other software tools.
Roxar CEO, Sandy Esslemont, welcomed the launch:
"When FracPerm was launched in 2005, it heralded the evolution of fracture modeling from a niche discipline to a widely used tool helping geologists, and geophysicists across the entire asset team achieve the most accurate performance from their reservoir models.
"Today's announcement is taking this progress one step further. As fracture-prone plays continue to grow and with two-thirds of the world's proven reserves lying in areas with acknowledged issues of fracture-affected recovery , FracPerm 2.0's increased accessibility, speed and responsiveness to the geology will ensure that fracture modeling remains a cornerstone of risk assessment and reservoir uncertainty management for many years to come."
FracPerm operates on either the geological or simulation model, thereby accessing the reservoir structure and facies distributions. FracPerm's mix of structural geology, data integration and visual assessment tools are specifically designed to allow the asset team, with their intimate knowledge of the reservoir, to build robust models for validation both by structural experts and by simulation testing. Key features of FracPerm 2.0 include:
FracPerm 2.0, which is platform-independent, also builds explicit fracture models and trend maps, which identify fracture density and orientation. Where significant uncertainty exists, such as in the aperture of the fractures, (a controlling feature of the permeability behavior), multiple equi-probable models can be created and their simulation performance assessed.
Current FracPerm customers include Hydro, Lukoil, Saudi Aramco, ADMA, OMV, MOL, Surgutneftegas, Petrochina, Pertamina, and CuuLong Vietnam.
Roxar is a leading international technology solutions provider to the upstream oil and gas industry. The company creates value for its customers through its Reservoir Interpretation, Reservoir Modeling, Reservoir Simulation, Well and Completion, Production and Process Solutions and Consultancy Services. ,P> With its head offices in Stavanger, Norway, Roxar employs over 650 staff across a network of wholly owned offices in Europe, the Americas, Africa, CIS, Asia Pacific and the Middle East. Founded in May 1999, the company generated revenues of approximately US$160 million in 2006. Roxar's International customer base includes all of the multinationals, major independents and the majority of national oil companies.
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