Global Leader in International Oil and Gas Industry News

posted in:

Petro-Canada selects MEPO

Thursday, Mar 06, 2008

Tool for Reservoir Engineering Simulation Studies.

February, 2008

Petro-Canada International selects MEPO as the standard workflow for Reservoir Engineering Simulation Studies.

Petro-Canada International deploy MEPO as the standard workflow tool for Reservoir Engineering studies. This is based on 18 months experience using MEPO.

Paul Armitage, Head of Reservoir Engineering, said, “Petro-Canada International has seen a dramatic reduction in the time taken to history match simulation models. This has been accompanied by an increase in the understanding of our reservoirs. We believe this workflow will allow us to reduce our level of risk by increasing our understanding of the reservoir.”

MEPO from SPT Group is a workflow tool that operates in conjunction with industry standard simulators to increase the quality and efficiency of engineering projects using assisted history matching and data analysis. It is effective in both green-field and brownfield developments. MEPO works to improve the history matching process and to increase understanding of future recoverable reserves.

Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and the downstream sectors of the industry in Canada and internationally. The Company creates value by responsibly developing energy resources and providing world class petroleum products and services. Petro-Canada is proud to be a National Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. The Company's common shares trade on the Toronto Stock Exchange under the symbol PCA and on the New York Stock Exchange under the symbol PCZ.

MEPO is being deployed on many projects world wide to understand the risks associated with field development. SPT Group provides a combination of software and consulting services within multiphase flow and reservoir engineering for the oil and gas industry. SPT Group develops and markets well established products to the petroleum industry; OLGA®, edpm®, Drillbench® and MEPO®, affording customers the opportunity to maximise operations and reservoir performance, while minimising risk and downtime. Headquartered in Oslo, Norway; the SPT Group consists of full service subsidiaries in major E&P locations world wide.


Source: SPT Group

posted in:

Other Oil & Gas News

SEACON (europe) Ltd Receives A Queen’s Award for Enterprise in International Trade 23-04-2014
EnerJex Resources announces Niobrara operations update and development plans 23-04-2014
BP agrees to sale of interests in four Alaska North Slope assets 23-04-2014
Gazprom and Turkey to look into possible increase in Blue Stream capacity 23-04-2014
Deep Well operations update 23-04-2014
Gazprom to meet increased European demand and secure additional gas amounts for premium Asia-Pacific market 23-04-2014
Setting fair gas prices in Russia to boost domestic economy 23-04-2014
PTTEP acquires Hess Corporation in Thailand to strengthen its Thailand investment 23-04-2014
Natural Gas Power Plant to be Built in Moundsville 23-04-2014
Longreach prepares to drill into target Liassic formation with Kamar-1 well in Morocco 23-04-2014