News and Announcements
Stochastic Simulation Launches History Matching Consultancy Services, GasAssure Training & Gas Master Planning
- Published December 15, 2016 12:47PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Despite the challenges faced by the oil and gas industry, 2016 has been a tremendously exciting year for us. As well as continued development of our world-class software portfolio, we have been delighted to announce our History Matching Service, larger, improved Upstream Consultancy Services and our Gas Master Planning capabilities. These have taken the industry by storm and improved our global profile and reach significantly.
We hope that 2017 brings more of the same, and an improved industry outlook for us all to enjoy!
TOP NEWS
The Future of Reservoir Engineering
Stochastic Simulation’s CTO, Dr Andrew Wadsley, recently did an interview discussing his extensive experience of reservoir simulation and his views on the state of the oil and gas industry. It has caused quite a stir on social media and has proved hugely popular generating a lot of commentary. Read for yourself here and feel free to comment.
APOGCE Paper – Tightly Coupled Reservoir-Surface Simulator
Our Senior Technical Consultant, Rubakumar Sankararaj, presented a technical paper (SPE-182273) on our innovative tightly coupled subsurface-surface solution at the 2016 APOGCE Conference held in Perth. More detail here
History Matching As a Service
History matching reservoir simulation models to production history is an expensive, difficult and extremely time consuming task for all involved. Acknowledging this problem, Stochastic Simulation now offers for the first time a FAST and INEXPENSIVE History Matching Service. Having spent 2 years refining and proving our proprietary workflows and fast stochastic reservoir simulator “ResAssure” to a number of global operators, including Super Majors and NOCs.
We’ve now refined a workflow that allows us to history match reservoir models faster than ever before. What does this mean? What took months now takes weeks, what took weeks now takes days. Free up your most precious commodity – time! More time for field development planning, more time for well and facilities optimization. And at a lower cost than ever before Contact us to find out more.
Stay tuned as we’ll be detailing our innovative workflow on our blog next week.
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