RE: RE: Tullow's BlueCube Technology I dont know if Blue Cube technology is applicable to the offshore.
But Repsol certainly would have used their Kaleidoscope technology, which is giving them a 50% success rate.
https://www-01.ibm.com/software/success/cssdb.nsf/CS/SSAO-8A586N?OpenDocument&Site=default&cty=en_us
Benefits:
-Increase in drilling success rate to 50%, compared to industry average of 20%, through improved ability to quantify drilling risks
The parameters of of Repsol's Smarter Drilling
Instrumented: Seismic sensing data captured by Repsol is run through powerful algorithms that have optimized for maximum performance.
Interconnected: Project Kaleidoscope’s high-performance computing cluster delivers a six-fold increase in processing throughput over the previous platform.
Intelligent: By rendering complex subsurface structures such as salt domes in greater detail, Repsol can substantially curb drilling risk, resulting in fewer dry holes and lost opportunities.
Insights Yield Payoffs
What Repsol has effectively done is to radically shift—if not break—the trade-off between the accuracy of seismic imaging and the all important variable of speed. Now Repsol has both. This has provided exactly the competitive edge its planners conceived, an edge that has yielded measurable benefits. Perhaps the most telltale metric is to 50 percent success rate Repsol achieved in the most recent year (considerably higher than the industry average) which signifies the company’s ability to understand and manage drilling risks better than competitors