Full Cycle Asset Exploration and Development Simulation
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Make Better Decisions Faster
Accelerate your asset development modelling with the right tools, including elements of Carbon Capture, Utilization, and Storage, enabling accurate insights that drive informed decision making in meeting corporate strategic objectives.
Fully Evaluate Asset Risks and Uncertainties
Capture the full impact of any risk or uncertainty of your entire project with a development simulation. Gain a better understanding of performance with Monte Carlo analysis by factoring in all refinements of your operations.
Manage Production Goals and Net-Zero Commitments
Actualize the challenges of oil and gas resource plays and net-zero development with easily configurable tooling to enable development planning and production optimization.
Balance and Estimate Plans and Scenarios
Understand the trade-offs between plans and scenarios with PetroVR's powerful forecasting engine. This features a unique stochastic simulation engine with a discrete event simulator.
Outperform within an Integrated Ecosystem
Leverage PetroVR's integration with Planning Space for best-in-class economics-as-a-service functionality, removing friction associated with reconciliation between asset and corporate via standardization on a single economic model.
Scenario and Uncertainty Evaluations
Advanced scenario management capabilities enable the rapid cascading of input updates and accelerated insight generation of trade-offs between decisions, simplifying and creating transparency in the “what if” analysis. Powerful Monte Carlo functionality enhances development decisions, weighing the impact of the project risks and uncertainties.
Unlock Your Asset's Potential
Asian deepwater projects are some of the most challenging developments in the world due to contaminated gas, high costs, remote sites, and unique commercial situations. It is essential that these challenges are assessed and managed throughout project execution by selecting appropriate field development plans and implementation methods. Learn how to overcome these challenges and unlock the potential of your assets through collaborative, risk-based evaluations.
PetroVR Key Features
Replace your spreadsheet modelling with a powerful business simulation approach, integrating all elements of your resource. With over 20 years of E&P experience, it enables asset model configuration to reflect specific areas of complexity.
Model every entity in your project. Visualize scheduling nuances plus localized and system-wide constraints. Highlight material risks and sources of uncertainties to reveal hidden value. Allow the acceleration of your project towards production. With clear insight integrating all aspects of the entire asset, PetroVR allows planners to understand real decision trade-offs.
Providing full cycle asset exploration and development simulation, Petro VR has become an essential tool for CCS Analysts and Production/Reservoir Engineers.
Understand the Trade-offs Between Plans and Scenarios
PetroVR's powerful forecasting engine features a unique stochastic simulation engine with a discrete event simulator.
