hiQbe® 2.0 is AGR’s latest multi-client velocity cube for depth conversion. It is a powerful software that produces qualitative data and enables game-changing efficiencies in velocity modelling.
For over a decade, hiQbe® velocity cubes for depth conversion have been available to AGR clients as a multi-client product in Norway, the UK and Australia. For the rest of the world, we build tailor-made proprietary products upon request, harnessing the data provided by the businesses we support.
Today, more than 50 oil companies worldwide recognise hiQbe™ as an essential product in their exploration portfolio. And the processing technology behind hiQbe™ has been used in most offshore (and some onshore) oil provinces throughout globally.
While existing hiQbe® models are already deployed by some of the biggest energy companies, hiQbe® 2.0 has the potential to achieve even more. Together with velocity modelling consultancy Model GEO, we have spent the last two years updating the entire suite of software in hiQbe™.
hiQbe® velocity modelling cubes users benefit from significantly enhanced quality of analysis in depth conversion, mitigating one of the largest uncertainties in prospect evaluation and field development.
The software achieves this by employing an ‘uncertainty cube method’, which analyses thousands of data points to calculate the most likely depth conversion, with quantified depth (and gross rock volume) uncertainties.
Within the hiQbe® portfolio of products is a velocity inversion service, providing often overlooked geological information contained in the data. Using hiQbe® as the background model, we convert velocity data to geological attributes, offering clients an affordable way to upgrade their existing data at speed.
Also recently introduced to hiQbe® is the static correction of velocity, which solves irregular seabed problems caused by erosion (channels, slumps and slices) or deposition (moraine ridges, sandbanks and reefs).
hiQbe® harnesses technology to provide real-time and comprehensive data for smarter investment and operational decisions. It is something that will become increasingly valuable in the energy industry for years to come.
If you would like to find out more about our velocity modelling services or hiQbe® cubes, please contact us.