HOUSTON — Caesar Systems announced the release of PetroVR version 10.2, decision assurance software for the petroleum exploration and production (E&P) sector of the oil and gas industry. PetroVR version 10.2 features more power for modeling unconventional projects and includes 23 all new capabilities and 552 enhancements to existing capabilities, many requested by PetroVR client users through the company’s Help Desk.
Unconventional resources introduce challenges in a variety of aspects: wells, facilities, drilling schedules, and especially with EOR techniques. Central among these is modeling and managing unconventional wells, which receives much attention in version 10.2: new ways of describing unconventional well performance, constraints, drilling priorities, and much more.
“Since PetroVR was reintroduced with version 6, rebuilt from the ground up, we have issued at least two planned releases every year that include both new capabilities and enhancements to existing features, suggested by clients,” said Ken Blott, chief strategist.
The 23 new capabilities featured in PetroVR version 10.2 are client-inspired and are described in five themes:
- Flexible – adaptive to change
- Consistent – results are reliable and based on uniform assumptions
- Transparent – clear presentation of assumptions and results
- Robust – high decision quality based on a total quality system
- Integrative – facilitates discussion and common understanding to attain strategic objectives
For more details on new capabilities, click here for the What’s New in PetroVR 10.2 web page.
Click here to view the announcement video.
These new capabilities below are five representative examples of the 23 new capabilities and 552 enhancements included in version 10.2:
Redesigned Table Performance Types (Flexible)
PetroVR users are now able to model any kind of behavior for main and secondary fluids, including unconventional well performance types.
Facility Groups in Tree View (Consistent)
Facility groups now appear as foldable nodes in the Tree View, which helps visualize the hierarchy and classification of facilities in large projects.
Surface Layout in Last Simulation (Transparent)
In this version, a new Tab appears after a simulation, showing the Surface Layout that results from the simulation: What facilities have been built? What happened to them, were they abandoned? What wells were choked? Re-routing, emissions and consumption, clones built, and many other facility events are displayed to help visualize more clearly what happened to the model during a simulation.
Learning FML Function (Robust)
A new Learning Function has been added to the powerful Functional Modeling Language (FML) that enables PetroVR users to calculate learning for any type of object, including facilities. Previously, this was limited to well drilling and completion.
Portable PetroVR Models (Integrative)
Now, a complete PetroVR model can be copied, along with all its related files (.pvr, .eco, .ch, image files, Excel spreadsheets, etc.), into a single folder, resetting the file location registry, thus creating a stand-alone duplicate of a project. This new copy can be used as a back-up or as an independent project to be opened from any machine.
Click here for the What’s New in PetroVR 10.2 web page >
Click here to view the announcement video >
In addition to its selection by the U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), formerly the MMS, PetroVR decision assurance software has been chosen by more than 25 oil and gas companies since 1997, including BHP Billiton, BP, Chevron, ENI, Maersk, Murphy Oil, Shell, Talisman and Total.
Read the PetroVR Blog at http://www.caesarsystems.com/blog
PetroVR is a Registered Trademark of Caesar Systems, LLC.
Headquartered in Houston, Caesar Systems empowers E&P companies to accelerate confidently to production through its PetroVR software suite, backed by global coaching support.
Caesar Systems is led by an experienced team of oil and gas and software professionals at offices located in Houston, Texas; Buenos Aires, Argentina; Paris, France; Copenhagen, Denmark; and London, United Kingdom.