In March 2020, we updated and released a new version of Geonaft (Version 3.6), which added two new modules – Stress Analysis and Report Designers - and expanded the existing functionality of this exceptional software package.
Geosteering Technologies is changing its name to Geonaft company — the same title as our key product, a software package which supports oilfield development. The company’s legal data will not change.
Geosteering Technologies has become a part of the Zyfra group of companies, the Finnish-Russian digital solutions provider. Geonaft, the key product of Geosteering Technologies, will complement the Zyfra line of innovations for the oil and gas industry and help implement developer’s plans to enter new markets.
SPE Annual Technical Conference and Exhibition was held at the Kay Bailey Hutchison Convention center on 24-26 September in Dallas, USA. This year ATCE gathered more than 8100 E&P professionals for three days of learning, networking, and collaborating on the collective goals of the industry.
The main sport race took place on September 23 in Moscow. 30,000 competitors from 92 countries of the world took part in the marathon. Employees of our company could not but take part in the race. Anton Ocheretyanyi, our geomechanical engineer, finished 10 km distance in 42.47. According to Anton, he improved his earlier best performance.
Geosteering Technologies jointly with Oil & Gas Center of Moscow Institute of Physics and Technology has developed a hydraulic fracturing simulator FracSolver to increase oil recovery. This innovation is a reliable solution for optimal hydraulic fracturing design and operation monitoring.
Geosteering Technologies participated in “Skolkovo Technology Day” at Institute Of Geology And Exploitation Of Combustible Resources (IGIRGI) of Ministry of Energy of the Russian Federation and Russian Academy of Sciences. The event was attended by the companies representing Skolkovo Energy Cluster and leading research scientists of the Institute. The purpose of the event was to arrange information exchange and establish close partner & business ties.
Geosteering Technologies took part in the 6th Russian Drilling Contractors Roundtable (RDCR). The event is a platform for open debate, exchange of ideas and transfer of technologies across the whole drilling & oil production market. The Roundtable is the key annual event for regional drilling & production experts. More than 200 participants representing oil & gas operators, drilling contractors, servicing companies and equipment vendors made reports on their innovative solutions & services in the field of well drilling in Russia and took part in the debate.
"Geosteering technologies" company became a participant of the largest annual SAP business forum in the CIS on April 11-12 - SAP Forum 2018. More than 6,000 participants gathered in Moscow to discuss the impact of newest technologies on business performance. The scale of the forum can be judged by the numbers: 9 parallel sessions that combined more than 80 reports, 70 SAP stands, clients and partners, representing innovative technologies of the modern world: Big data, the Internet of things, computer-aided learning, blockchain, Clouds and SAP S / 4HANA.
The Smart Drilling project by Geosteering Technologies company has become the best in the Power&Energy track of the GenerationS federal accelerator. This triumph lead the team's way to the final of the accelerator where the winners are going to share a prize of RUB 16,000,000.