Chi­nese soft­ware to help de­tect re­serves

China Daily (Hong Kong) - - BUSINESS - By DU JUAN dujuan@chi­nadaily.com.cn

China has in­de­pen­dently de­vel­oped a soft­ware for re­sources ex­plo­ration that aims to raise the op­er­a­tional ef­fi­ciency of oil­fields and coal mines, a process which prom­ises to break the monopoly of in­ter­na­tional com­pa­nies in the sec­tor.

The soft­ware, call iPreSeis, is an ap­pli­ca­tion us­ing seis­mo­log­i­cal waves to im­age and quan­ti­ta­tively pre­dict oil and other re­serves.

The idea of de­vel­op­ing such soft­ware was ini­ti­ated in 2003. Af­ter more than a decade, the Re­search In­sti­tute of Petroleum Ex­plo­ration and De­vel­op­ment — un­der the China Na­tional Petroleum Cor­po­ra­tion, the coun­try’s largest en­ergy de­vel­oper — an­nounced the suc­cess of the in­no­va­tion.

Zhao Ban­gliu, chief en­gi­neer of the ex­plo­ration and pro­duc­tion sub­sidiary of CNPC, said the com­pany had al­ready ap­plied this soft­ware in many of its over­seas oil­fields.

“We are open to share this tech­nol­ogy with both do­mes­tic and for­eign com­pa­nies, not only in the oil in­dus­try, but also coal and nu­clear com­pa­nies where it can be used for lo­cat­ing re­sources pre­dict­ing re­serves,” he said.

Owing to dif­fer­ent con­di­tions in oil­fields, it was hard to es­ti­mate the cost re­duc­tion of oil ex­plo­ration by us­ing the new soft­ware, but the price of the soft­ware it­self was 60 per­cent lower than sim­i­lar for­eign prod­ucts, Zhao said.

Ac­cord­ing to the in­sti­tu­tion, iPreSeis is cov­ered by sev­eral na­tional i nven­tion patents and it is con­sid­ered a cru­cial achieve­ment in China’s on­shore petroleum and nat­u­ral gas ex­plo­ration tech- per­cent

lower is the cost of iPreSeis soft­ware com­pared to sim­i­lar prod­ucts abroad

nolo­gies.

In a deep oil ex­plo­ration block in a do­mes­tic ge­o­log­i­cal basin, the drilling suc­cess rate surged to more than 86 per­cent from the pre­vi­ous 60 per­cent af­ter us­ing the soft­ware, CNPC said.

Yu Bao­cai, deputy gen­eral man­ager of CNPC, said the oil in­dus­try was fac­ing fall­ing prices, higher pro­duc­tion costs and lower re­source qual­ity glob­ally.

“En­ergy ex­plor­ers need to make greater ef­forts to ex­tract re­sources in dif­fi­cult ar­eas and try to find re­sources through in­no­va­tive tech­nol­ogy,” he said.

“The need for sci­en­tific in­no­va­tion is now more ur­gent than at any time in the past.”

Li Yan, an en­ergy an­a­lyst at con­sul­tancy Shan­dong Longzhong In­for­ma­tion Tech­nol­ogy Co, said the new tech­nol­ogy would be help­ful for pre­dict­ing the quan­tity of the un­der­ground oil re­sources, which would raise pro­duc­tion ef­fi­ciency.

How­ever, China’s do­mes­tic re­sources pol­icy doesn’t en­cour­age large-scale oil de­vel­op­ments be­cause of the pre­vail­ing con­di­tions in the in­ter­na­tional crude mar­ket, which means that this tech­no­log­i­cal ad­vance would not raise the to­tal na­tional pro­duc­tion any­time soon, he said.

“In fact, af­fected by the weak­en­ing global crude price, China’s do­mes­tic crude out­put is pre­dicted to fall 6 per­cent to 7 per­cent year-on-year in 2016, which is the first drop in the past five years,” Li said.

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