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To: Casaubon who wrote (39903)	2/12/2000 7:41:00 AM
From: Haim R. Branisteanu	Respond to of 99985

JUst Timely for the discussion of "Oil Renewal" as I wrote before the anticipated oil reserves for exploitation were under estimated. nytimes.com Newer mind the hype about the Internet but better communication and computer analysis results in higher efficiency in oil extraction. HOUSTON -- One of the Internet revolution's newest benefits to the oil industry is solving one of the oldest problems for oil drillers: getting more crude oil out of reservoirs, the head of Schlumberger Ltd told an industry conference, here. Because of the complex shape and difficult water dynamics of oil pools, drillers on average only manage to recover about a third of the oil that reservoirs contain. "With the help of the Internet, we are beginning to produce the second third of the original oil reserves," said Euan Baird, chairman and chief executive of Schlumberger, the world's number two oilfields services company, said Wednesday. While supercomputers have been able to simulate reservoirs for years by picking up data from sensitive meters placed downhole, the Internet is just beginning to allow decision makers to access the information when and where they need it, said Baird. With the Internet, engineers and field personnel can manipulate and communicate about images of reservoirs at the same time, even if they are in different corners of the world, rather than just look at still pictures of reservoir simulations. More and more, "reservoir simulators will become instruments of decision-making rather than simple score keepers," Baird said. "The ability to manage the production of an oilfield in real time, detect problems in the reservoir, before they affect production of the well, and bring to surface only the fluids that we want will be key skills in developing the second third (of reserves)," he said.