CSIRO software – best technical innovation award

The award recognised the value of Genesis, an information management software package that allows easy and comprehensive analysis of drilling and completions data.

The system is a planning tool to improve drilling and new wells completion.

CSIRO Petroleum Resources Project Leader Dr Edson Nakagawa said the oil and gas industry is keen to improve their performance and reduce costs.

“The industry demands increasingly sophisticated information and knowledge management systems to capture and retain past experiences to increase efficiency and reduce costs of new operations,” Dr Nakagawa said.

“Genesis encompasses a wide range of integrated tools that helps industry achieve this goal, by producing optimised plans both quickly and easily.”

Receiving the award was Dr Carlos Damski, Managing Director of Genesis Petroleum Technologies – a spin off company commercialising the software on a global scale.

Dr Damski said that the Genesis technology was a result of research collaboration and industry support.

“Genesis is currently the only tool on the market that allows a breakdown of all operations performed, and then uses this information to accurately predict future operations under similar conditions,” Dr Damski said.

Genesis produces results and project plans through a pre-defined set of analysis and planning facilities using data from different sources and an intuitive interface.

The software also enables companies to analyse their pre-existing data, making it more efficient to make better and quicker decisions as situations change.

Genesis was recognised for its innovative approach and effectiveness by an experienced group of oil and gas industry experts and professionals from around the world.