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Shell, IBM to find ways to extend oil field life

Associated Press, 02.26.10, 12:52 PM EST

HOUSTON — Royal Dutch Shell PLC and IBM Corp. are teaming up to research how to extend the life of oil and natural gas fields.

IBM‘s analytic and simulation experience will be melded with Shell’s subsurface and reservoir expertise to create a more efficient and accurate picture of how to tap the reserves, the companies said.

The two companies will reformulate and automate the task of reconciling different sets of data, including flow rates and pressure, time-lapse seismic data from subsurface rock formations and sound wave data from between wells.

The new reconciliation process should help save costs and will become part of Shell’s proprietary reservoir modeling tool kits.

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