Houston-based oil & gasoline companies firm Reveal Energy Services is engaged on revolutionizing fracture diagnostics. The firm stated, “We’ve quantified fracture geometry in additional than 10,000 levels (throughout 7 US and a pair of Canadian unconventional basins.) A giant thanks for together with our know-how in your completions (since our founding in 2016.) By subsequent yr, we’re forecasting our IMAGE Frac know-how, FracEYESM service, and DSCVRi internet portal can be deployed on 6% of all US and Canada accomplished wells by modern engineering strategies.”
North American Shale Magazine stated, “Achieving the 10,000 levels milestone fulfills the Equinor imaginative and prescient for Reveal Energy Services, an Equinor spin-out in 2016, to commercialize and additional develop IMAGE Frac pressure-based fracture maps.”
In 2015 the Norwegian big Statoil (now Equinor) undertook basic analysis and proof of idea that resulted in growing Image Frac know-how. First invention of utilizing poro-elastic response for figuring out fracture geometry made by Günther Kampfer from their Research and Technology group.
Reveal Energy Services was shaped as a completely owned subsidiary of Equinor Technology Ventures (previously often called Statoil Gulf Services) in January 2016. Independent operations began after finishing the know-how switch from Statoil to Reveal Energy Services.
Equinor invented IMAGE Frac to fulfill the trade want for a easy, correct, reasonably priced hydraulic fracture map know-how that may be deployed on each nicely with out operational interference.
Sudhendu Kashikar, CEO of Reveal Energy Services stated, “We are very appreciative of the trade’s acceptance of our know-how and making it an integral a part of their completion packages. Going ahead, we’ll proceed to assist the trade demand for know-how that reduces monetary danger and will increase ROI.”
(Source Reveal Energy Services/North American Shale Magazine – Image: ImageFrac/Reveal Energy Services)
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