Paradigm Releases Version 14 of its Mining and Exploration Software
Paradigm announced last week the release of the latest version of its integrated solution suite, Paradigm® 14. The new mining and exploration software centers on the science and technology to facilitate effective seismic data processing and imaging, velocity modeling and seismic interpretation. The release provides over 700 new features and enhancements, covering everything from processing and imaging, reservoir characterization, reservoir engineering and drilling and data management.
Paradigm 14 emphasizes on reducing exploration risk through various measures. The program allows users to visualize smaller features for exploiting modern reservoirs – fractures, thin beds and small faults and reduces the exploration risk by ensuring a clearer understanding of the subsurface; increasing the value of the investment in both legacy and modern seismic surveys; and verifying resulting from processing partners. Enhancements in the processing and imaging solutions, Echos®, GeoDepth® and EarthStudy 360®, enable the program to deliver high-definition images that allow users to see smaller features important for modern reservoirs.
According to Somesh Singh, chief product officer for Paradigm, “Paradigm has long been renowned for the high science and advanced technology of its products. With the Paradigm 14 Release and those that will follow, we are focusing on delivering on our mission of delivering advanced science for everyone by enhancing the user experience with convenient workflows and easier installation, in order to make these best-of-class technologies available to the entire user community. We are confident that these improvements will enable our customers to obtain more value from their data, make better decisions and maximize return on their investment.”
Paradigm 14 applications include:
Earth Study 360® - Full azimuth imaging and characterization
Echos® - Seismic data processing
GeoDepth® - Velocity determination and modeling
SeisEarth® - Multi-survey regional to prospect interpretation
VoxelGeo® - Voxel-volume interpretation
Explorer® - Time-to-depth conversion
Probe® - Amplitude vs. offset/angle analysis and interpretation
Vanguard® - Seismic inversion and property determination
Sysdrill® Designer – Well planning
Paradigm applications will be featured at a variety of events this year, including EAGE 2014 in Amsterdam, booth #1200, IPA Convention & Exhibition in Jakarta, Indonesia, booth #M6, and Congreso Mexicano del Petróleo in Acapulco de Juárez, booth #225.
Paradigm has been the largest independent developer of software-enabled solutions for the global oil and gas industry for the last 25 years. A variety of experts in the mining sector rely on the company’s productivity tools and scientifically advanced applications to construct the industry’s most advanced subsurface models for mining and exploration purposes. With offices in 31 cities around the world, Paradigm represents a majority of the energy centers across the globe.
Rio Tinto and Alcoa begin construction with ELYSIS tech
Eliminating all direct greenhouse gases from aluminium smelting has taken a major step forward with the start of construction on the first commercial-scale prototype cells of ELYSIS’ inert anode technology, at Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec.
ELYSIS has the potential to reduce the carbon footprint of aluminium production
ELYSIS is a joint venture company led by Rio Tinto and Alcoa that is developing a new breakthrough technology, known as inert anode, that eliminates all direct greenhouse gases (GHGs) from the traditional smelting process and instead produces oxygen.
The technology has the potential to transform the aluminium industry, with a significant reduction in its carbon footprint.
The inert anode prototype cells will operate on a commercial scale typical for large modern aluminium smelters, using an electrical current of 450 kiloamperes (kA).
The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry joined representatives from ELYSIS, Rio Tinto and Alcoa to mark the start of construction and announce a further CAD $20mn financial contribution from the Government of Canada to support the project.
The federal government's financial support will enable the creation of a unique commercial size inert anode technology showroom for future customers and will help develop the supply chain by involving local and regional equipment manufacturers and suppliers in the project.
ELYSIS is working to complete the technology demonstration by 2024 followed by the commercialization activities.
ELYSIS technology at a glance:
- The ELYSIS technology addresses the global trend towards producing low carbon footprint products, from mobile phones to cars, planes and building materials.
- The new process will reduce operating costs ofaluminiumsmelters while increasing production capacity. It could be used in both new and existing aluminium smelters.
- In Canada alone, the ELYSIS technology has the potential to reduce GHG emissions by 7 million tons, the equivalent of removing 1.8 million cars from the roads.
- ELYSIS will also sell next-generation anode and cathode materials, which will last more than 30 times longer than traditional components.
Alcoa and Rio Tinto will continue to support the ELYSIS development program alongside the Governments of Canada and Quebec.
ELYSIS is working closely with Alcoa's Technical Center, where the zero-carbon smelting technology was invented, and the Rio Tinto technology design team in France.
Alcoa's Technical Center supports ELYSIS in the manufacture of proprietary materials for the new anodes and cathodes that are essential to the ELYSIS process. The Rio Tinto technology team in France is creating commercial scale designs for the ELYSIS technology.
Vincent Christ, CEO, ELYSIS commented: “This is a great day for ELYSIS. It means that we are becoming the first technology company in the world to build commercial-size inert anode cells. While we refine the technology in our R&D Centre, we start the construction of our prototype cells. This shows our confidence in our process and in the know-how of our team. The combination of ELYSIS' zero CO2 technology and Quebec's renewable energy will be great competitive advantage for the future. I would like to thank the government for its support and all the partners for their commitment.”
Samir Cairae, Rio Tinto Aluminium managing director Atlantic Operations and ELYSIS board member added: “Today marks a real step towards the future of the aluminium industry, by progressing this breakthrough technology to cut carbon emissions. Rio Tinto is committed to supporting its ongoing development here in Quebec where we already use clean hydropower to deliver some of the world’s lowest carbon aluminium. Combining this technology with renewable hydropower holds the promise of zero carbon aluminium smelting.”