Who We Are
Go GeoEngineering (GO GEO) was founded in Pau, France to bring to the oil and gas industry the software platform and expertise needed to successfully build the software required to enhance productivity, and improve the efficiency of oil and gas extraction. Go Geo’s personnel mixes video game software developers with experienced geoscientists and engineers to build the next generation of oil and gas software. Working in collaboration with universities in Southwestern France, from Pau, Toulouse, and Bordeaux while developing close partnerships and alliances with oil and gas companies in the USA and France, Go Geo is revolutionizing the way the industry interacts with data and empowering the oil and gas industry with the Magma™ SDK through its deployment in new software applications.
Software development projects in general have a very high rate of failure. McKinsey & Company and Oxford University surveyed in 2012 thousands of companies and found that:
>> 17 percent of large IT projects go so badly that they can threaten the very existence of the company
>> On average, large IT projects run 45 percent over budget and 7 percent over time, while delivering 56 percent less value than predicted
Software development faces major challenges in the oil and gas industry. Due to cyclical commodity prices and prolonged downturns which drive drastic budget cuts result in the combined need to constantly improve efficiency of current technologies while continuously developing new ones,.
To address these challenges, GO Geo has developed a new business model based on close partnerships with technology leaders who are also creating solutions for the future of the oil and gas industry. Through these partnerships, Go Geo provides both domain expertise and software solutions to turn new ideas into functional products using the Go Geo Magma™ SDK. The cost and time required to complete a software solution is known to Go Geo partners from the start of the project and a risk-reward system allows its initial budget to be dramatically reduced compared to any existing software solution. The success of the jointly developed software solution is rewarding for both Go Geo and its partners.
The first application for Magma™ SDK is FracPredictor™, a solution developed for FracGeo, The Woodlands, USA. FracPredictor™ is the first and only 3G software platform facilitating the complete integration of Geology, Geophysics and Geomechanics (3G) to solve GeoEngineering problems common in unconventional reservoirs.
The seamless integration of these three major disciplines is a requirement for an intelligent development of unconventional resources where the fracing and its geomechanical characteristics affects considerably the size and the quality of the Stimulated Reservoir Volume (SRV). However, the rock geomechanical properties and the success of a frac job depends entirely on the geology of the unconventional resources. This shale geology varies substantially areally and vertically and could be mapped in 3D using geophysics. Artificial Intelligence algorithms could turn the well and seismic data into 3D reservoir models that will provide intelligent engineering solutions to place the pads at the optimal surface locations, to land the horizontals at the right depth, to guide the geosteering of the wells and to provide the optimal fracing locations along the wellbore. The 3D geomechanical design of the frac stages will provide the optimal fracing parameters that optimize the size and quality of the SRV thus creates the highest EUR and NPV.
PUBLICATIONS & REFERENCES
Go Geo is continuously sharing its leading edge technology with the E&P industry through publications and presentations. The following is a partial list of recent publications involving the use of Go Geo software.
Using Geomechanical Modeling to Quantify the Impact of Natural Fractures on Well Performance and Microseismicity: Application to the Wolfcamp, Permian Basin
Predicting Frac Stage Differential Stress and Microseismicity Using Geomechanical Modeling and Time Lapse Multi-Component Seismic - Application to the Montney Shale.
Improved Interpretation of Microseismic Using Geomechanical Mod- eling of Multiple Hydraulic Fractures Interacting with Natural Fractures – Application to Montney Shale.
Predicting Microseismicity from Geomechanical Modeling of Multiple Hydraulic Fractures Interacting with Natural Fractures – Application to the Marcellus and Eagle Ford.
Modeling Multiple Hydraulic Fractures Interacting with Natural Frac- tures Using the Material Point Method.