Knowledge Reservoir and Roxar Partner to Deliver Reservoir Monitoring and Analysis Services
ANAHEIM, USA, November 12, 2007 --- Knowledge Reservoir, a leading engineering and geoscience consulting services firm serving clients worldwide, and Roxar, a leading international technology solutions provider to the upstream oil and gas industry, today announced a joint, non exclusive partnership arrangement to provide production and reservoir surveillance services to their clients.
Knowledge Reservoir delivers its production and reservoir surveillance solution under the RTASSM brand while Roxar’s subsurface monitoring and analysis solutions come under its Integrated Reservoir and Production Management (iRPM™) portfolio. Together, the two companies will deliver to customers “Roxar iRPM Services supported by RTAS from Knowledge Reservoir.”
Since May 2007, the two companies have been working closely with a mutual client to monitor and analyze permanent downhole sensor data generated by Roxar from a complex field in the Norwegian North Sea. This turnkey project involved seamless data access and transfer, monitoring, analysis, interpretation and report generation for the Norway-based client with work performed remotely from Houston, Texas.
Dr. Ivor R. Ellul, President of Knowledge Reservoir, stated “talent and technology have been brought together to meet clients’ needs in this day and age of limited resources. The RTAS service proves the viability of remote production and reservoir surveillance in the digitally-enabled oilfield.”
Gunnar Hviding, CEO, Roxar, said, “Roxar’s monitoring solutions continue to be at the forefront of permanent downhole instrumentation providing our customers with intervention-free reservoir surveillance and value-added iRPM analysis services. Partnering with Knowledge Reservoir will ensure that the maximum amount of value is generated from this data. We look forward to a productive relationship – both for Roxar and Knowledge Reservoir and for our operator customers.”
Knowledge Reservoir’s RightTimeSM Analysis Services (RTAS) deliver value-added analyses of production data, collecting and analyzing oilfield performance data from a variety of sensors and meters, both downhole and topside.
Roxar creates value for its customers through its Reservoir Interpretation, Reservoir Modeling, Reservoir Simulation, Well and Completion, Production and Process Solutions, and Consultancy Services. Through its iRPM services, the company combines data from instrumentation with predictive models from its software. Roxar helps operators to monitor production continuously, change production profiles quickly and cost effectively without the need for intervention, observe and control fields from remote locations, process large volumes of vital reservoir data quickly and use the most recent, up to date, information from the field when forecasting future reservoir performance and making operational decisions.
For more information contact:
Dave Rees
Knowledge Reservoir - Houston
drees@knowledge-reservoir.com
Office: +1 713 586 5950
Dr. Steve Webb
Roxar
steve.webb@roxar.com
Office: +1 713 482 6433
Paul Fisher
Axiom
Communications Management
pfisher@axiomcomms.com
Office: +44 (0) 1285 713 776
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Knowledge Reservoir, a Ziebel company, is a global energy consulting firm headquartered in Houston, Texas. Knowledge Reservoir provides Subsurface Asset Consulting services, Production Solutions, and Knowledge Management Products and Consulting services to companies worldwide.
