Eliis ranked in the Top 10 Digital Oil Field Solutions Providers
MONTPELLIER, FRANCE – July 13, 2022 – Eliis, an international leading provider of seismic interpretation software and solutions, today announced that it has received the Top 10 Digital Oil Field Solutions Providers 2022 award. The award was delivered by the Energy Tech Review Europe Magazine in the spring edition on June 20, 2022.
The Energy Tech Review Europe brings the spotlight into key developments and how companies are leveraging the digital oil field to streamline processes involved in the energy sector. They have disclosed the 2022 list of the 10 companies that are at the forefront of providing Digital Oil Field solutions and transforming businesses, covering domains as large as drilling, production, remote monitoring, process facilities, subsea pipelines and platform structures, seismic processing and interpretation.
With its cutting-edge seismic interpretation software PaleoScan™, Eliis is proud to stand on this list alongside Aquaterra Energy, 4Subsea, Billington Process Technology, CGG, Exebenus, Inmation, Sentech, Tracerco, Turbulent Flux.
Eliis has continually demarked itself by the quality and the reliability of its integrated seismic interpretation software. First launched in 2012, PaleoScan™ disruptive technology has significantly contributed to improving the way E&P industry performs their seismic interpretation workflow by drastically reducing interpretation cycles and greatly augmenting the detection and characterization of geological reservoirs.
“Innovation has been at the heart of our strategy since the company's creation in 2007. Thus we have been developing our PaleoScan™ software to gain an unprecedented level of precision in seismic analysis, diversify our fields of action and embrace the energy challenges of the twenty-first century. We are very pleased that PaleoScan™ has been recognised as a best of breed solution in the energy industry ” says Eliis’ CEO, Sébastien Lacaze.
Eliis’ innovative approach is based on a semi-automated global seismic interpretation workflow which uses a deterministic function to generate a chronostratigraphic framework unique to PaleoScan™. Patented in 2009, this technology remains the core engine within PaleoScan™ integrated platform and draws its strength from a powerful algorithm designed to automatically compute a Relative Geological Time (RGT) model directly from the reflectivity responses in seismic data. From basin-scale evaluation and prospect maturation, to detailed reservoir management, this technology enables the user to reduce the interpretation cycle by 80% whilst minimizing subsurface risks and inherent uncertainties, empowering the E&P teams to make better informed investment decisions.
Today, Eliis continues to advance the automation of conventional G&G workflows, fostering openness offered by initiatives like OSDU™ (Open Subsurface Data Universe), in an effort to improve customer outcomes, that capitalise on new data formats and cloud compute capacity. Eliis also plans to strengthen the wide recognition its product has garnered in the applied geophysics space by growing its competencies in carbon sequestration and new energy exploration – such as hydrogen and helium – through strategic collaborations and partnerships, in the objective to make energy exploration and production more sustainable and cost-effective.
Founded in 2007, Eliis provides a competitive and integrated seismic interpretation software that empowers energy companies to achieve successful subsurface investigations, create new opportunities for energy supply enhancement and de-risk the decision-making process. PaleoScan™ implements cutting-edge technology used for subsurface modelling, sedimentary basin correlation, detection and characterization of geological reservoirs at unprecedented levels. PaleoScan™ is a key asset for accelerating E&P workflows and limiting environmental risk. Eliis’ mission is to provide sustainable and affordable subsurface energy solutions to cover the world’s ever-growing energy demand.
For more information, please visit www.eliis-geo.com.
Read the Energy Tech Review article: Eliis - Solutions/Service Company (energytechreview.com)