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HALLIBURTON INTRODUCES CHI MODELING
- Artificial intelligence method for predicting open hole data from cased hole logs -
HOUSTON, Texas - Halliburton Energy Services, through its Logging and Perforating product service line, announced today the commercialization of Chi ModelingSM, an advanced artificial intelligence method that applies neural network techniques to predict open hole log responses from acquired cased hole logs. Chi Modeling allows geoscientists and engineers to evaluate their reservoirs at reduced cost and minimized operational risk. Halliburton Energy Services is a business unit of Halliburton (NYSE:HAL).
Chi Modeling provides asset teams with a cost-effective alternative to evaluate wells without using traditional open hole logging methods. Chi Modeling results generate high quality data for direct use in net pay calculations, stimulation design and reservoir characterization projects.
"E&P companies are continuously being challenged to improve their reservoir characterization efficiency in the face of more complex reservoir targets," said Tim Probert, vice president of Drilling and Formation Evaluation. "Halliburton has developed an artificial intelligence method that can be used to produce accurate and reliable synthetic triple combo data from cased hole logs to improve the decision making process for our customers."
Chi Modeling Computation has been successfully applied in the Piceance Basin, the Greater Green River Basin, the Pinedale Anticline of the Rocky Mountain Region, within the San Juan Basin and the Gulf of Mexico.
"Halliburton's cased hole neural network solution for generating accurate triple combo data from pulsed neutron logs resulted in an excellent correlation with open hole logs on the first wells drilled in our Pinedale field. Stone Energy sees excellent potential for future cost savings and improved program management through the use of this technology," said Kim Overcash, Denver District Reservoir Manager for Stone Energy.
Halliburton Energy Services provides products, services, and integrated solutions for oil and gas exploration, development, and production. Capabilities range from initial evaluation of producing formations to drilling, completion, stimulation, and well maintenance - for a single well or an entire field. With more than 300 service centers in more than 100 countries, Halliburton possesses the global perspective that is increasingly important for energy exploration and production.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company's World Wide Web site can be accessed at www.halliburton.com.
Contact
Beverly Scippa
beverly.scippa@halliburton.com
Public Relations
(p) 713.759.2601
Nicole Baker
nicole.baker@halliburton.com
Public Relations
(p) 713.759.2601
Employment Contact
jobs@halliburton.com
(p) 800.888.7668
ext. 8005
Supplier/Procurement Contact
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Supplier Diversity Contact
Erin Petkovich
supplier_diversity@halliburton.com
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