June 24, 2016
Petrotechnical Data Systems Partners with the University of Leeds to Commercialise FAKTS Database
ava™ RAISING THE BAR FOR FLUVIAL RESERVOIR MODELLING
Petrotechnical Data Systems announces exclusive licencing agreement with the Fluvial Research Group at the University of Leeds for FAKTS
Rijswijk, The Netherlands – 24th June 2016 Petrotechnical Data Systems, a leading provider of petrotechnical software solutions to the petroleum industry, today announced its partnership with the Fluvial Research Group at the University of Leeds, to bring to market reservoir modelling technology that utilises the unique capabilities of the FAKTS database to ensure realistic geological architectures are correctly represented.
“The PDS Group is thrilled to have the opportunity to collaborate with the University of Leeds. This partnership blends PDS’ experience of delivering differentiating reservoir modelling software to Industry Leaders, with world class academic insight from the Fluvial Research Group.” - Steve Daum, Managing Director of the PDS Group.
Dr Nigel Mountney, Director of the Fluvial and Eolian Research Group
added “This new collaborative partnership with PDS provides an ideal opportunity to integrate our innovative database-driven approach to the qualitative modelling of complex geological successions with PDS’ long-established technical expertise in the development of petrotechnical solutions for the petroleum industry.”
Following sustained academic attention evolving the capabilities of the FAKTS database (Colombera et al. 2012), PDS is developing ava™, an online platform-agnostic service, which will enable the exploration and then integration of FAKTS data, directly into facies modelling algorithms. ava™ also features exclusive online content, including practical guidance for delivering the most geologically robust reservoir models.
“We believe that our work on facies architecture databasing has evolved to the point where it can force a step change in reservoir modelling. Our collaboration with PDS is particularly exciting because jointly we can deliver a tool allowing seamless integration of database output directly into standard geomodelling workflows. We hope this will significantly increase the take-up of our work by industry”. Professor Bill McCaffrey, Research Director – Petroleum Leeds.
PDS and the FRG team plan to release ava™, a cloud-hosted service for use with standard industry software, including Petrel later this year. You can subscribe for updates here: email@example.com
About – Fluvial Research Group, University of Leeds
Led by Dr. Nigel Mountney, the Fluvial and Eolian Research group is the home of world leading academic research into the evolution of fluvial and eolian systems, including their characterisation within the most advanced database of multi-scale architecture, the Fluvial Analogue Knowledge Transfer System (FAKTS).
About – PDS Group
The PDS Group has been delivering innovative software technologies, R&D and consulting services to the petroleum industry for over twenty years from technology centres in The Hague, Houston, London, Sofia and Muscat.