Japan recently announced that it had successfully tapped into its methane hydrate reserves beneath the sea floor off its coast. The achievement was a milestone in long-running international efforts to extract the world’s richest source of untapped fossil fuel.
Methane hydrate, also known as flammable ice, is everywhere, and most importantly it’s found near some of the fastest growing economies in the world. This is especially true for Japan, which is a resource-poor nation that imports all of its fuel. The nation shut down its nuclear capabilities after the Fukushima Daiichi nuclear disaster two years ago.
Technology is constantly pushing the oil and gas industry forward. Like directional drilling and hydraulic fracturing a short time ago, experimentation, failure and success can all be counted upon as the industry attempts to bring flammable ice to the marketplace.
One sector of the industry that has seen radical improvement in the last few years is the technology that allows energy companies to track and manage assets. Interestingly, many organizations that are leveraging advanced extraction techniques and equipment are still tracking production, landowner records, payments and other data on spreadsheets and disconnected databases, rather than leveraging oil and gas asset management software such as geoAMPS provides.
It’s estimated that the reserves of methane hydrate, mostly beneath the sea floor, are enormous. These reserves exist everywhere, from the tropics to the poles. It is only a matter of time until this new unconventional fuel will be developed on a commercial scale, leading to the ever-increasing need for technology solutions to support and operate this new resource.
So how much gas are we talking about? Estimates from several sources, including The U.S. Geological Survey, range between 500 to 11,000 gigatonnes carbon (Gt C). On the high end, that’s two to three times the amount of known natural gas reserves in rock.
With real-time updates, robust security and the ability to interface with GIS mapping, geoAMPS extensive line of software solutions is capable of handling this new resource and everything companies working with it demand. With a reputation of working with clients to tailor our solutions, geoAMPS is a strong contender to take this resource to the next level.