The other day one of our advanced users opened a request in Help Desk about an apparent contradiction. The user illustrated the issue with a very simple model, which consisted in only one reservoir with two parameters: “Oil in Place” and “Probability of Success”. The first variable OIP had a deterministic value of 50 MMbbl and a Cumulative Probability Distribution around it. The POS was 32.5%. Read More
Welcome to the PetroVR blog.
Here we'll be discussing how PetroVR can help you accelerate to production. Your comments and ideas are welcome, so please tell us what you think. Your guidance helps improve PetroVR for you and all our clients. Our goal is to help you improve your business and we hope these conversations will lead us there together.
We’ve often been asked about how to analyse results from Monte Carlo, and while this is an important question, it does not have a unique answer. However, I will discuss one technique that our users find helpful when interrogating results. Read More
One of the interesting things of working at Caesar is the privileged location for observing trends in the way decision makers make hypotheses. And while this could sound a little bit arrogant, we sometimes receive indications that PetroVR might be having an influence on how people make decisions. Read More
As readers of this blog already know, the articles our authors write here are threaded by PetroVR and its applicability to the oil and gas upstream industry. Today I intend to continue this editorial line driving the reader’s attention toward the foundations of PetroVR, that is to say, the technological platform on top of which PetroVR is made from end to end. Read More
And I really mean to ask this question. One possible answer, the one that will likely come to mind first, is that an expert is someone who knows how things work, isn’t it? Of course, an expert is someone with a lot of knowledge about a given domain. But what distinguishes a human expert from an expert system? Read More
In order to reach the correct coverage, PetroVR testing involves many tasks and activities: mind maps, coverage maps, peer-testing, retrospectives, training meetings and agile practices. However, our testing is also supported by PetroVR itself. Yes, PetroVR is highly self-testable. Read More
The world of oil & gas is changing and changing fast. Are operators changing equally as fast? In some cases, they are, for example pad drilling, fracturing technology, water handling and other technologies. But what about management technology, is that changing in light of the new opportunities we face? Read More
PetroVR Eleven is here! This PetroVR version is packed with an impressive number of new capabilities: strong unconventional-project support, flexible modeling tools, faster and better user experience… The total number of new capabilities is quite impressive, so sit back and enjoy our video! Read More