Page 7 - Lime Petrolium Annual Report 2020

Foto: Yumna Field, Oman.
Learning and Artificial Intelligence. To that end, we have sponsored PSSGeo and AGGS project, along with the Norwegian Research Council, which aims to develop an ML based inversion to identify sandstone reservoirs in the subsurface, and predict fluid content. We expect this technology to be a good compliment to the RVD tehcnol- ogy. Furthermore, Lime is participating in the industry sponsored project called Released Wells, which aims to digitize all cuttings samples currently stored in ware- houses. This entails chemical analysis of some 600,000 samples, resulting in several million datapoints. In order to make sense of all this data, Lime is working with M Vest Energy AS and Wintershall DEA Norge AS on a joint technology development project called GLEX, which will develop tools to analyse the cuttings data. Given the shared volume data, machine learning tools are front and center, paired with tools for visualizing the results. Through use of these tools for anlyzing
seismic and well data, we hope to further improve our geological predictions and continue making new discoveries.
Through 2020, we have heeded the authority’s recommen- dations, and stayed safe by instituting home-office, and stopped business travel and face-to-face meetings. Despite this challenging work environment we have had a very busy and productive year. We look forward to the drilling of Fat CanyonwithourpartnerINEOSE&PNorgeASlaterin2021, and to furthering our exploration and development projects as we go down the pathway to production.
Lars Hübert
CEO
ANNUAL REPORT 2020
PAGE 7