Management software developed by the CSIRO that boosts the oil and gas industry has bagged a technical innovation award at the 2009 Offshore Asia Conference in Thailand.
Developed by CSIRO’s Petroleum Resources branch, and applied by Brazilian energy company Petrobras, ‘Genesis’ was awarded the “Best Technical Innovation Award”.
Genesis, an information management software package that sets out analysis of drilling and completions data, is used by oil and gas companies as a planning tool to improve drilling and new wells completion.
CSIRO project leader Dr Edson Nakagawa said the oil and gas industry is keen to improve their performance and reduce costs.
“The industry demands increasingly sophisticated information and knowledge management systems to capture and retain past experiences to increase efficiency and reduce costs of new operations,” Nakagawa said.
“Genesis encompasses a wide range of integrated tools that helps industry achieve this goal, by producing optimised plans both quickly and easily.”
Genesis produces results and project plans through a pre-defined set of analysis and planning facilities using data from different sources and an intuitive interface.
The software also enables companies to analyse their pre-existing data, making it more efficient to make better and quicker decisions as situations change.
Genesis was recognised for its innovative approach and effectiveness by an experienced group of oil and gas industry experts and professionals from around the world.
A spin off company called Genesis Petroleum Technologies is commercialising the software for distribution around the world.