Knowledge Reservoir Releases Reservoir KB 2.0 with Major Enhancements to the Gulf of Mexico Deep Water Reservoir Performance Knowledge Base
HOUSTON, February 28, 2006 --- Knowledge Reservoir has released Version 2.0 of Reservoir KB, a web-based, deepwater reservoir performance knowledge base for the Gulf of Mexico.
This major release goes out to nineteen key players in the deepwater Gulf of Mexico who have subscribed to Reservoir KB and who have cited considerable gains in efficiency as a result of using the tool in their exploration and appraisal work flow.
The Gulf of Mexico module of Reservoir KB incorporates information drawn from 113 deepwater fields comprising 314 reservoirs and 353 wells. These fields are in varying stages of development. Included are a number of fields which have been sanctioned for development. The knowledgebase incorporates substantial production data which are used to perform an independent analysis of performance at field, reservoir, and well level. Additional new features include improved material balance and waterflood performance modeling.
Dr. Ivor Ellul, CEO of Knowledge Reservoir said "We are delighted to offer these significant value-adding enhancements to Reservoir KB to the E&P community. We are also pleased to see this release go out to our client base at a time when the industry is clearly focusing on the issue of sustainability. The tools delivered as part of the knowledgebase provide for quick access to critical information thus aiding rapid decision-making.”
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Knowledge Reservoir is a global energy consulting firm based in Houston, London, Aberdeen, and Kuala Lumpur. Knowledge Reservoir provides Subsurface Asset Consulting services, Production Solutions, and Knowledge Management Products and Consulting services to companies around the world.
