Kaleidoscope Project Ushers In New Era Of Seismic Imaging; Yields Greater Clarity Up To 10-times Faster Than Conventional Technology
LAS VEGAS, Nov. 10 /PRNewswire-FirstCall/ -- SEG ANNUAL MEETING -- Repsol YPF (NYSE: REP), an international integrated oil and gas company operating in over 30 countries, today announced that the company's advanced seismic imaging project -- Kaleidoscope (www.KaleidoscopeProject.info) -- has begun exploration operations in the Gulf of Mexico and Brazil.
Kaleidoscope is powered by reverse-time migration (RTM), a sophisticated subsurface imaging tool whose potential is accepted by the oil industry, but until now has not been used because of technical hurdles. Repsol's next-generation Kaleidoscope technology overcomes those hurdles, enabling searches for energy reserves at greater depths and with greater clarity up to 10-times faster than conventional technology.
The Kaleidoscope project was launched in November 2006, and its research data, powered by the IBM PowerXCell(TM) 8i processors, proved this technology was successful in imaging areas of complex subsurface geological structure, such as the rich hydrocarbon provinces of the deep waters of the Gulf of Mexico, offshore Brazil and West Africa. These basins are the new frontiers in oil exploration, where significant oil reserves are known to be present below thick masses of salt but have been difficult to pinpoint using conventional seismic imaging technology. Now, Kaleidoscope's clearer, faster seismic images bring unprecedented opportunities for energy companies to accurately identify underground oil and gas reserves in these traditionally hard-to-image areas.
Kaleidoscope enables Repsol to locate oil reserves buried some 30,000 feet (10,000 feet of water and then 20,000 more feet of seabed) below the Gulf of Mexico's surface, for example. The U.S. Department of the Interior's Minerals Management Service estimates the Gulf holds approximately 56 billion barrels of oil equivalent (oil and natural gas), which, at $65/barrel, would be worth over $3 trillion and would meet the entire U.S. demand for oil and gas for about 2.5 years.
'Repsol is pleased to launch Kaleidoscope's exploration operations in the Gulf of Mexico and Brazil as the project proves the success of the collaborative approach to research we have pursued for the past two years,' said Francisco Ortigosa, director of Geophysics, Repsol. 'The speed and power of the IBM PowerXCell 8i processor-powered Kaleidoscope Supercomputer paired with the RTM imaging algorithm and the computational support of the Barcelona Supercomputing Center (BSC) truly positions Kaleidoscope at the cutting edge of innovative, and collaborative, exploration technology. Hard-to-image areas known to have rich fossil fuel reserves are now being opened to time- and cost-efficient exploration.'
A Supercomputer Milestone
In addition to launching the project's first real-world applications, Repsol has also made the commitment and investment to build and operate its own supercomputer to provide the computational power and stability needed for Kaleidoscope's future expansion.
