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NSI Technologies unveils new ‘Cloud-based’ version of hydraulic fracturing integrated software solution

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Oilfield Technology,

NSI Technologies, LLC (NSI) is pleased to announce that it will be presenting its new “cloud-based” version of the industry leading three-dimensional hydraulic fracturing design software, StimPlanTM, at the SPE Hydraulic Fracturing Technology Conference and Exhibition in The Woodlands, Texas on February 5 - 7.

StimPlan is a complete and integrated software solution for hydraulic fracture design, analysis and optimisation. With a comprehensive integrated toolkit and the industry’s most rigorous geometry models, StimPlan helps operators worldwide maximise their well performance while lowering expenditure and reducing their environmental footprint, however complex their reservoir or fracture treatment design. Taking advantage of cloud-based parallel processing allows StimPlan to radically decrease the time required to run the multiple simulations required to achieve design optimisation.

“For the last four years, NSI has been developing the new cloud-based version of StimPlan, including intensive beta testing over the past year,” said Dr. Michael Smith, NSI President. “We are thrilled to provide the industry with a set of engineering tools that will simplify the workflows associated with designing hydraulic fractures in complex, unconventional reservoirs, and will significantly improve the ability to optimise reservoir economics.”

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