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AUGUST 2008
GMI Launches GMI•PressCheck™ Software.
GeoMechanics International, Inc. (GMI) announces the commercial release of GMI•PressCheck™, a new software package designed to predict pore pressure as well as fracture gradient. GMI•PressCheck includes tools for rapid import, manipulation and combination of wireline logging data, and so reduces project turnaround time dramatically. GMI•PressCheck allows the user to easily smooth and filter logs as well as perform numerous calculations based on the logs. Tools for determination of overburden and compaction trends are flexible and easy to use. Advanced features such as centroid and buoyancy analysis are also included in the software.
GMI•PressCheck is an integral part of the best-in-class GMI suite of software packages for building geomechanical models and for predicting wellbore stability. Pore pressure and fracture gradient information are easily exported to GMI•WellCheck™ for wellbore stability analysis
“In response to our clients’ requests, GMI is making available the software our consultants use to predict pore pressure and make fracture gradient calculations,” said GMI President Patrick Keenan. “Simply put, GMI•PressCheck is software designed by pore pressure experts for pore pressure experts.”
APRIL 2008
BHI Acquires GeoMechanics International, Inc.
Baker Hughes Incorporated (BHI) announces it has acquired GeoMechanics International (GMI), strengthening BHI’s capabilities in reservoir engineering, technical and managerial advisory services, and reservoir geomechanics.
GMI will operate as a wholly owned subsidiary of the newly established Reservoir Technology and Consulting Group within BHI, along with Gaffney Cline Associates, another recent BHI acquisition. As a result, Baker will acquire the expertise and technology that GMI has used in completing over 1000 projects since its founding 11 years ago. GMI, while retaining its unique position in the way that it services its customer base, will have the opportunity to grow and expand its service and software offerings through the association with the other BHI divisions.
“The consulting, technical and sales staff, managers and founders of the company will continue to be available to help our clients with their geomechanics needs, in the areas of wellbore stability, sand production, pore pressure prediction, fracture reservoirs and fault leakage,” said Patrick G. Keenan, President of GMI. “We have long maintained that a comprehensive understanding of geomechanics is crucial for thoroughly evaluating the reservoir and the overlying formations. We are pleased that a company of Baker Hughes’ stature has recognized that, and we are excited that our association with BHI will provide significant opportunities to expand our current offerings.”
“These two acquisitions are part of an ongoing effort to broaden our capabilities by expanding Baker Hughes’ traditional strength in wellbore-related technology to encompass comprehensive reservoir and midstream solutions,” said Chad C. Deaton, BHI Chairman, President and Chief Executive Officer. “The two firms will continue to operate as stand-alone consultancies while providing advice and services to enhance the reservoir-related offerings of Baker Hughes product line divisions.
GMI Launches 3D Geomechanics Services
GeoMechanics International, Inc. (GMI) announces the launch of a new service that provides 3D mechanical simulations of the stress field around salt structures. This new service avoids unrealistic assumptions that are generally used for wellbore stability analyses, such as the vertical stress being a principal stress, and thus is capable of providing a far more reliable prediction of safe mud weights than a standard analysis. Recent application of this service in exploration wells in the Gulf of Mexico showed that the prediction of the frac gradient was significantly improved and the salt exit location could be optimized from a stability aspect.
"We are very pleased to be introducing this new service," said GMI President Patrick Keenan. "For expensive sub-salt wells, wellbore stability optimization is of paramount importance. Now, GMI can provide customers with 3D stress fields around salt domes that take into account the specific geometry and deformation behavior of salt. We believe it provides a significant advance in the field of geomechanics."
2007 News
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