Frac Efficiency Monitoring – better reservoir understanding leads to lower cost fracs and increased production
Injection Fluid Monitoring – improved Reservoir Modelling means increased sweep efficiency resulting in increased recoverable reserves.
Production Monitoring – better understanding of reservoir
characteristics, leading to higher production with no well intervention.
Continuous Reservoir Surveillance – log production details zone by zone without well intervention.
Identify Zonal Water Breakthrough - shutting off the correct zone leading to increased hydrocarbon production.
Identify In-Well Cross Flow - resulting in improved well production management.
Market Application and Potential
Exploration & Production
Current technology focuses on injecting and recovering limited amount of tracers per
stage, with no quantification or time locator.
Tracesa's technology can provide information on the dynamic progress of the fluid with multiple tracers in each stage with time and location data.
Making it is possible to accurately identify injection and production dynamics which
validates fracture and production modelling.
Fluid & Resevoir Monitoring
Detect water break through.
Determine from which injector well & horizon water break through occurs.
Determine transit times from well to well and as function of horizon.
Ratio of captured tracer concentrations can help quantify water rates from different horizons.
Information can be used to calibrate reservoir models.
Current technology focuses on wellbore or the geological structure, there is no technique available today that allows for tracing reservoir flows through the reservoir.
The technology Tracesa has provides information on the dynamic progress of fluid within the reservoir and wellbore which can be used to validate reservoir injection and fracture stimulation modelling.
The current Tracing market is serviced by a number of companies that focus on key applications of Tracers in the Oil and Gas market. This focus is primarily related to the limitations of the technology that is being utilised as well as the significant industry Intellectual Property that restricts expansion.
In essence, the tracer market is still immature, however with the demands for information growing as the complexity of operations increase, the market will expand considerably faster than the overall E&P sector. The sector will also be attractive as a high growth value added market, particularly if there is IP available to penetrate existing business and protect against further entrants.
The Tracesa IP portfolio is perfectly positioned to offer existing Tracing companies or new entrants with service distribution with a complete product portfolio to address markets with differentiated technology with broad IP protection for technology and application.
Many expensive Fluids are used throughout E&P Workflow and understanding their trajectory and transit times is important.
At the moment, there is no traceability for oilfield fluids as there are a limited number of non proprietary tracing chemicals, which also have a limited life.
Tracesa is set to solve this issue as by providing unlimited proprietary tracers that can be unique to clients, wells, service companies, type of application, type of fluid, time, and transport; to provide comprehensive life cycle information,
helping manage and track all fluids used in E&P.
Huge pressure to provide reassurance to all stakeholders with accountability for environmental compliance for all fluids used in oilfield.
Complexity of oilfield operations require traceability of all fluids used in well operations over their lifecycle to ensure optimum results, for example, fracking.
Reservoir injection requires monitoring of fluid fronts in the Reservoir and resulting well production
Complex reservoirs require location and time transit for fluid injection to calibrate and validate reservoir modelling.