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Compare 3DGeo Development vs Nutech Energy Alliance

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Overview

3DGeo Development is 30 yrs old and is based in United States.

3dgeo Development is a company that received a SBIR Phase II grant for a project entitled: Grid Computing for Energy Exploration and Development. Their project will develop a grid-enabled environment where large multidimensional seismic data sets can be rapidly accessed, visualized, and interpreted by geographically dispersed users with heterogeneous local resources. The proposed work will transform the Phase I prototype into production-ready commercial quality software, and demonstrate it on 3-D seismic data. The key technical innovations of the Phase II project are (1) a multi-resolution data visualizer, (2) a data-staging tool, and (3) a multi-channel collaboration tool to support collaborative visualization and data analysis on the grid. The proposed technology will allow multiple users to share and interact with multidimensional grid-dispersed data sets, while viewing independent multiple renderings with resolutions and bandwidths commensurate to their local display and network capabilities. The proposed technology will be enabled by implementing several grid services, and a virtual file system, that make grid deployed data sets appear local to the user. This implementation comprises the bulk of the technical tasks, and leverages the middleware. The immediate outcome of the Phase II project will be a version of Internet Seismic Processing production software (INSP) with specialized features for remote visualization, data staging, and collaborative analysis of seismic images on the grid. The ultimate objective of the Phase II project is a commercial grid-enabled software product providing scientific data, services, computing power, and visualization on demand, not only to the oil and gas industry but to a much wider range of application areas, such as geographic information systems, education, medical imaging, and battlefield management. The product will push the limits of what can be done, and fully contribute to a new business paradigm, made possible by the advent of the grid, allowing businesses to concentrate on their core competencies and rely on other entities for grid-enabled context technologies, without deterring from their primary objectives. The outcome of Phase II will be a commercial implementation and utilization of the grid, and the toolkit, which up until now, has been used mostly in academic and research applications. This technology will first be commercialized in a strategically important economic sector; namely, for the exploration of new energy resources. Specific to U.S. energy needs, this unique application of high end information technology to an area of economic and national importance will ultimately open up new exploration venues in extremely complicated geological conditions, leading to new discoveries, and decreasing US dependence on imported oil. 3dgeo Development also received a SBIR Phase II grant for a project entitled: Variable Azimuth Wave-Equation Imaging (VAWEM). Their project will implement and demonstrate the feasibility of a new technology that enables enhance seismic resolution and imaging of deep water complex geologic structures by using variable azimuth wave-equation migration (VAWEM). VAWEM will provide much greater resolution and accuracy than what can be accomplished today for towed marine streamer data, and at significantly less computational cost. The software will be optimized for deployment on Linux clusters, and testing will be conducted to determine the optimal geophysical parameters for obtaining the best possible images. The project involves significant computer engineering to obtain the maximum efficiency required to image terabyte size data sets and significant geophysical work to demonstrate the validity of the approach. This advanced imaging methodology will improve success rate and cost effectiveness for new field discoveries and increase recovery efficiency for the development of existing fields. This technology is a fundamental revolutionary advance, and is a necessary building block in any seismic processing system that images 3-D prestack data using wave-equation methods for imaging deep water, under-salt complex geological structures which are the focus of modern oil and gas exploration. Societal and economic benefits from the proposed VAWEM technology will accrue directly to the nation by lowering energy costs and reducing dependence on foreign energy sources. Energy is at the core of the U.S. and world economies; therefore, the political, societal, and economic benefits of the proposed technology go well beyond the substantial direct economic benefit that this technology will bring to the proposing company and its customers. Commercial potential of the proposed technology is directly applicable to the fastest growing and strategically most important area of U.S. exploration, namely the deepwater subsalt oil and gas province of the Gulf of Mexico federal waters. It is estimated that most of the Gulf's untapped resources (45 Billion barrels of oil and 207 trillion cubic feet of natural gas) are trapped in deepwater subsalt reservoirs, and in ultra deep (over 15,000 ft) gas deposits. Since exploratory wells in these areas typically cost more than $30 million, tapping these reserves will require advanced imaging technology such as VAWEM to reduce risk and make exploration feasible. Reduction USA's dependence on Persian Gulf sources and the strategic benefits of maintaining strong U.S.A. leadership in oil technology transcend purely financial considerations.

Nutech Energy Alliance is 26 yrs old and is based in United States.

NuTech Energy Alliance Ltd. aims to provide petrophysical, geological and engineering solutions to oil & gas companies worldwide while using software and modeling processes to offer the following product lines: NuLook, NuStim, NuView. Per the company, Nutech has evaluated over 25,000 wells while working for more than 450 oil & gas companies worldwide.

Country

United States

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Leadership

Allen Howard (Chief Executive Officer, President)

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Funding

Nutech Energy Alliance last raised $680K on 4/8/2020.

Investors

Fusion Geophysical and Mainsail Partners

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Product

Benefits

Products

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