PetroVR 10.2 New Capabilities

Posted on January 23, 2013

The PetroVR 10.2 release has been launched!

As we strive to improve your work life through new PetroVR capabilities, we keep in mind the 10 Attributes of Successful Software Applications. This release focuses on five of these: Flexible, Consistent, Transparent, Robust, and Integrative.

Let’s explore some of the new capabilities included in this release.

Flexible – adaptive to change

Redesigned Table Performance Types: The Table, Custom, Instant Rate Time, Average Rate Time and Cum Time performance types have been redesigned into a single, more flexible Table type, which allows greater control over secondary fluid curves, as well as a range of new modeling possibilities, such as rising curves and zero-production periods.

New Decline Switch Mode: The Well Decline Manipulation job now includes an option to honor the current rate when applying a new performance curve.

More Dynamic Simple Rig Mode: Now you can enter a variable maximum number of rig units by making it dependent on runtime variables. Rig units in this mode are also mobilized the day they are required instead of at the beginning of the simulation.

Automatic Mobilization in Extended Rig Mode: This mode now includes the ability to automatically mobilize units of a rig type the moment they are required, instead of using a mobilization with a specific date.

Flexible Intervention Priority: In previous versions, drilling and completion activities took precedence over maintenance activities with regard to rig usage. From this version you can select whether each intervention should have priority over already scheduled drilling and completion jobs.

Consistent – results are reliable and based on uniform assumptions

Facility Groups in the Tree View: Facility groups now appear as foldable nodes in the Tree View, which helps to visualize the hierarchy and classification of facilities in large projects.

Activities and Resource Requirements in Expansions: Activities and construction resource requirements for facility expansions can now also be defined for those expansions triggered by excess policies, instead of only for Facility Expansion jobs.

Transparent – clear presentation of assumptions and results

Surface Layout – In last simulation: A new tab showing the layout that results after the simulation is run, where information is provided about the evolution of objects such as facilities, wells and connections.

Tag PetroVR Plan Variables as Results: The possibility to mark specific variables to be included in the results, which in previous versions was limited to PetroVR Econ variables, has been extended to PetroVR Plan variables. With this new feature, it will no longer be required to have an associated economic model in order to run Monte Carlo, Sensitivities, Spider, Excel Cases, etc.

Browse and Search for Cost Categories Items: All user-defined cost categories are presented in a new tree view where you can review and QA your categories, as well as viewing and editing the variables assigned to them.

Wells Online in Reservoir Graphs: Reservoir-level graphs have been enhanced by the addition of producers and injectors online to the list of displayable items.

Robust – high decision quality based on a total quality system

Well-Level Capacity Constraints: Besides facility-level capacity constraints, now you can set a constraint on the well side, to reflect a physical limit to the production rate – in the case of oil producers, a cap on the total liquid rate. This makes it easier to model wells where the production rate remains constant as water replaces oil over time.

Log Learning FML Function: This new FML function allows calculation of logarithmic learning for any type of object – a feature which in previous versions had been limited to well drilling and completion activities.

Log Normal Function: The Probability functions have been enriched with the addition of a log normal option, which allows you to obtain either the normal distribution or the normal density of a given value.

Integrative – facilitates discussion and common understanding to attain strategic objectives

Portable PetroVR Models: A complete PetroVR project usually involves a number of files from different locations on your PC or network. Now you can copy a PetroVR model and all its related files (.pvr, .eco, .ch, image files, Excel spreadsheets, etc.) to a single folder, resetting the file location registry. This way, a complete, stand-alone duplicate of your project is created, which can be used as a back-up copy or as an independent project that can be opened from any machine.

Import Performance Curves from Serafim FUTURE: Now you can also import well production profiles from comma separated values files (.csv) generated with the Serafim FUTURE application.

Run Excel Macros when Calculating PetroVR Econ: If one of the Excel spreadsheets with which you economic model interacts requires the execution of a macro, it is now possible to issue a command from PetroVR to run the macro before calculating the economic model.

One thought on “PetroVR 10.2 New Capabilities

  1. This list is amazing, and the release note is even more.
    The list of added or improved features is large, and it is also impressive how they converge systematically to produce the best tool, in many aspects.