Save to read list Published by David Bizley, Editor Oilfield Technology, Friday, 25 January 2019 09:30 NSI Technologies, LLC (NSI) is pleased to announce that it will be presenting its new “cloud-based” version of the industry leading three-dimensional hydraulic fracturing design software, StimPlanTM, at the SPE Hydraulic Fracturing Technology Conference and Exhibition in The Woodlands, Texas on February 5 - 7. StimPlan is a complete and integrated software solution for hydraulic fracture design, analysis and optimisation. With a comprehensive integrated toolkit and the industry’s most rigorous geometry models, StimPlan helps operators worldwide maximise their well performance while lowering expenditure and reducing their environmental footprint, however complex their reservoir or fracture treatment design. Taking advantage of cloud-based parallel processing allows StimPlan to radically decrease the time required to run the multiple simulations required to achieve design optimisation. “For the last four years, NSI has been developing the new cloud-based version of StimPlan, including intensive beta testing over the past year,” said Dr. Michael Smith, NSI President. “We are thrilled to provide the industry with a set of engineering tools that will simplify the workflows associated with designing hydraulic fractures in complex, unconventional reservoirs, and will significantly improve the ability to optimise reservoir economics.” Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/25012019/nsi-technologies-unveils-new-cloud-based-version-of-hydraulic-fracturing-integrated-software-solution/ A Rystad Energy analysis shows that Canada is the oil producer most affected so far by the slump in global oil demand, with the damage estimated to reach above 1.1 million bpd in shut-in production in 2Q20. Embed article link: (copy the HTML code below):
The ##S has released a cloud - based version of StimPlan , its 3D hydraulic fracturing design software . The software is designed to provide the industry with a toolkit that will simplify the process when designing hydraulic fractures in environments of varying complexity while enabling them to cut costs and minimise their environmental impact .