Events

Paradigm in Production

April 18, 2017
Webinar is now available for on-demand viewing.

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Presented by: Indy Chakrabarti, Senior Vice President of Product Management and Strategy
Featured Domain:  Reservoir CharacterizationReservoir Engineering
Featured Technologies:  Paradigm Reservoir Driven Production Management

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Abstract

The greatest unknown in oil recovery remains the reservoir.  It’s the source of economic success or failure, yet we cannot touch or see it.  Organizations understand the need to better quantify the production potential of their reservoirs, but they often fail to recognize that the operating decisions they make during production are also impacted by the underlying reservoir.  In many cases, well planning and reserves estimation is done with close evaluation of the reservoir characteristics, but day-to-day operations happen independently of this carefully developed information.  We can do better, if we break down the artificial barriers preventing this kind of collaboration.

Paradigm and its partners are focusing on two key areas in order to bring reservoir insight into production operations decision making.  

The first, in partnership with GE, is called Reservoir Driven Production Optimization (RDPO).  The second, in partnership with Dassault Systems, is Reservoir Driven Production Risk Management (RD PRM).   


Biography

Indy_sm.jpgIndy Chakrabarti is Senior Vice President of Product Management and Strategy at Paradigm, responsible for product definition, strategy, and mergers & acquisitions. Mr. Chakrabarti has more than 15 years of experience in product strategy, corporate marketing, and product management. He holds a BS in Electrical and Computer Engineering from Rice University in Houston, Texas, and an MS in Engineering Logistics from Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts.