geoAMPS BLOG

Land Rights & Infrastructure Asset Management Software

All Posts

Energy from Fire and Ice

Japan recently announced that it had successfully tapped into its methane hydrate reserves beneath the sea floor off its coastThe 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.
With technology advancements in Web-based computing, global information systems (GIS) and mobile applications, there are abundant opportunities to increase organizational efficiency. Seizing these opportunities can dramatically increase the profitability of oil and gas projects, producing less waste in time, material and manpower. With these advancements in technology, as well as the extraction techniques of resources, it’s surprising that many organizations still utilize spreadsheets that contain out-of-date information, depth-right records that are misplaced or GIS maps that contain limited information.
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.
Nathan Mirolo
Nathan Mirolo
I fell completely backwards into what was then a startup in 2012 with 7 employees and no marketing team. Since then the experiences, opportunities and the working environment that geoAMPS has allotted to me and my colleagues has been amazing, I’ve never looked back.

Related Posts

geoAMPS chosen among Central Ohio's Fast 50

geoAMPS has been named to the Fast 50 list of companies in Central Ohio. Fast 50 is an annual awards program organized by Columbus Business First to recognize 50 of the fastest growing and emerging companies in Central Ohio. “All of us at geoAMPS are honored to be named one of the Fast 50 of Central Ohio,” Yogesh Khandelwal, President and Chief Executive Officer of geoAMPS, said. “We want to thank Columbus Business First for organizing this awards program which recognizes companies in the region that are new or experiencing rapid growth.

Sharing geoAMPS solution with industry leaders at S.E.E.

Jim Corwin / flickr From public utilities to manufacturers to transportation agencies – a wide range of industries are represented at the Southeastern Electric Exchange Annual Conference and Trade Show. geoAMPS will be there to meet with representatives of those industries. Guy Allen, Vice President of Sales, will be eager to discuss how geoAMPS products and services provide project efficiency, asset management and process standardization that can produce a significant return on investment.

Indiana IRWA Chapter 10 invites geoAMPS to present

Sheltiesforever / flickr Members of the geoAMPS team are looking forward to meeting with members of the International Right of Way Association (IRWA) Chapter 10 in Indiana. Chapter 10 represents IRWA members throughout the state of Indiana. The chapter invited geoAMPS to give a presentation during its meeting June 2 at Indiana Grand Racing and Casino in Shelbyville.