Remedy

In 2020, the petroleum activity on the Norwegian Continental Shelf (NCS) emitted an estimated 12.5 million tons of CO2 equivalents, and NCS 84.7% of the emissions originated from energy production using gas turbines. A substantial part of the energy use is related to drilling wells and injecting water. Hence, we can significantly reduce greenhouse-gas emissions from the petroleum industry by reducing energy use during field development and production. The REMEDY workflow applies state-of-the-art ensemble methods for history matching, optimization, and decision making to determine the optimal drilling schedules and production strategies that minimize greenhouse gas emissions and energy usage while maximizing oil recovery.

For reaching the climate targets for 2030 and 2050, the industry is in pressing need of extending its decision management tools to include emission reduction. REMEDY will build on the potential of ensemble methods to develop the methodologies needed for such a comprehensive workflow in less than four years, and significantly, and fast, reducing the future greenhouse-gas emissions on the NCS, contributing to reaching the new climate targets for 2030 and 2050. REMEDY will deliver workflows and algorithms ready for implementation and use by the industry partners during and following the project.