Royal Dutch Shell and IBM Corp. announced a research collaboration that aims to extend the life of oil and natural gas fields. Shell said the project, which will explore advanced techniques for reconciling geophysical and reservoir engineering field data, has the potential to reduce the time and money required to model reservoirs. An enhanced mathematical optimization solution resulting from the collaboration would improve the cost-effectiveness of the data inversion process and would become part of Shell’s proprietary reservoir modeling tool kits for application in new oil and natural gas developments, as well as existing assets, Shell said. IBM and Shell research scientists will work in several laboratories in both the United States and The Netherlands.

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