HOUSTON, Sept. 7, 2017 /PRNewswire/ -- NSI Technologies, a Premier Oilfield Laboratories Company, is proud to announce the launch of Version 8 of StimPlan™ Hydraulic Fracturing Software at the 2017 Society of Petroleum Engineers Annual Technology Conference and Exposition in San Antonio this October. The highly-anticipated version features a complete program rewrite helping to provide additional stability and improved processing time as well as a completely new user interface designed to provide a more intuitive workflow.
NSI Technologies President and StimPlan™ creator Dr. Michael Smith said, "We are very excited to begin our roll out of StimPlan™ version 8. This version builds on our established framework while providing additional features aimed at the modern fracturing engineer working in an unconventional environment."
Just prior to the announcement of Version 8, NSI Technologies added the ability to simulate multiple, parallel fractures with the ability to determine how the mechanical interference (stress shadowing) between fractures is calculated. Additional StimPlan™ features include:
- Expanded "batch" capabilities to better allow for sensitivity studies
- New input allowing the Geologic Layering to be shifted (creating a new Geologic Model) for each stage of a horizontal well
- Discrete natural fracture network inputs can now be transferred to the reservoir simulation for a rigorous simulation of a natural fractured reservoir
- Direct inputs have been added for performing stage-to-stage interference simulations
NSI and Premier will be demonstrating version 8 at booth 2344 at the 2017 SPE-ATCE event in San Antonio. Visit www.nsitech.com for more about StimPlan™ and a complete list of demonstration times.
About StimPlan™: For more than thirty years StimPlan™ has been an industry leading complete and integrated software solution for hydraulic fracture design, analysis, and optimization. With a comprehensive integrated toolkit and the industry's most rigorous geometry models, StimPlan™ helps operators worldwide maximize their well performance while lowering expenditure and reducing their environmental footprint, however complex their reservoir or fracture treatment design.
About Premier Oilfield Laboratories: Premier brings together a multidisciplinary team of experts who utilize breakthrough technologies and progressive approaches to help our clients understand how to better design exploration and exploitation strategies, optimize production, and mitigate risk. Please visit Premier Oilfield Laboratories at www.premieroilfieldlabs.com
View original content with multimedia:http://www.prnewswire.com/news-releases/nsi-technologies-a-premier-oilfield-laboratories-company-is-slated-to-unveil-stimplan-version-80-at-the-2017-spe-atce-in-san-antonio-300515966.html
SOURCE Premier Oilfield Laboratories, LLC