This week we have enjoyed a series of client meetings in Stavanger and Bergen in Norway, discussing the latest release versions of our Velocity Modelling and Seismic Inversion software products. Velit 1.8 will be released during Q1 2016 and InSeis 2.9 is planned for release during Q3 2016.
The main focus of our visit to Norway was to demonstrate the new Wizard functionality of our Seismic Time to Depth Software package Velit, along with demonstrating the incorporation of the HiDef macromodel builder into InSeis.
Velit has had a long history of being the most comprehensive Depth Conversion package in the marketplace. However, due to its sophisticated capabilities it was often considered to be mainly focused toward experienced geophysicists, who understand the analytical steps required to determine the best depth conversion method for a particular data set. In response to client request, our development team spent the majority of 2015 diligently upgrading Velit’s user interface to be easy to use for all users, irrespective of their level of experience, with the implementation of our new Wizard module. The Wizard has been designed so it doesn’t get in the way of more experienced users who may wish to drive the software manually or by using the extensive workflow system.
The latest release of the software will now mean that it has never been easier to iteratively determine the best method to use in your reservoir modelling, reducing your depth uncertainty accordingly. You can then determine your reservoir volumetrics using the workflow system to create multiple realisations of your best technical case, giving you a solid estimate of the shape, size and thickness of your prospect. This reservoir characterisation, will ultimately define the economics of your prospect.
Our Seismic Inversion package, InSeis, is being enhanced with a more visual & interactive tool for defining the macromodel used by the inversion. This tool is the same as the HiDef tool currently available within Velit & enables the user to create a velocity model in three dimensions compatible with geological structures, seismic processing velocity and well velocity log data. The result is a highly detailed macromodel that can be used to constrain the inversion and also provides the low frequency component for inversion to absolute acoustic impedance. Please refer to our YouTube channel for an overview of the current tool hosted within VelPAK (https://www.youtube.com/channel/UCjdOh8oej038shxJzEe9Uuw).