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Tracerco patents technology designed to optimise unconventional reservoir yields

18th April 2014

UK-based Tracerco has been granted a patent for its oil and gas flow measurement technology that allows empirical measurement of true hydrocarbon flow from individual stages in a well.

Tracerco patents technology designed to optimise unconventional reservoir yields
The technology allows reservoir operators to better understand how hydrocarbon flow relates to well geometry, completion arrangement, hydraulic fracture design and geology, so that future well developments in unconventional fields can be optimised.

UK-based Tracerco has been granted a patent for its oil and gas flow measurement technology that allows empirical measurement of true hydrocarbon flow from individual stages in a well.

The technology allows reservoir operators to better understand how hydrocarbon flow relates to well geometry, completion arrangement, hydraulic fracture design and geology, so that future well developments in unconventional fields can be optimised.

Paul Hewitt, Director of Reservoir Tracing Services, said: “This patent is a demonstration to our customers that Tracerco intends to keep pace with their exploration and production plans as they develop new techniques in order to efficiently produce hydrocarbon from unconventional and more challenging environments. Tracerco’s smart tracers, designed to determine fluid flow in oil and gas reservoirs, are recognised by oil companies worldwide as an essential addition to their reservoir surveillance toolkit.”

Tracerco has been industry pioneers in the research and development of tracer technology for oil reservoir characterisation for the past 30 years. The company’s technology covers applications, extending from interwell to well bore flow profiling across a wide range of fields and well designs. The continuing emphasis on R&D means they now have over 50 scientists, a quarter of whom are PhD chemists. They are the leaders in frac tracer technology having provided and proven this ground breaking technology in over 15,500 stages.

Worldwide demand for reservoir technology continues to grow. The new patent comes following recent business expansion in the Middle East with the addition of a new laboratory in Abu Dhabi. This adds to an already extensive worldwide network of laboratories which allows Tracerco to provide local sample analysis giving customers a quick turn-around on tracer presence and interpretation of results.

“Tracerco is committed to growing the reservoir business. Our present scale of investment in Tracer technology innovation is without precedent. We want to ensure that we keep pace with our customers’ evolving needs as they pursue ever more technologically challenging hydrocarbon resources,” said Hewitt.

The smart tracer technologies are deployed without any interruptions to operations. This year has seen record growth of the company’s reservoir business as oil companies pursue ever more ambitious oil recovery programmes.

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