9/25/2006
Knowledge Reservoir Launches RightTimesm Analysis Services
HOUSTON, September 25, 2006 --- Knowledge Reservoir today announced the launch of RightTimesm Analysis Services, a new offering that delivers value-added analyses of production data.
E&P clients now regularly reap the benefits of Real Time Optimization (RTO) in their drilling and completion operations. With accurate, permanent and affordable surface and downhole gauges, meters, and sensors now on the market used as standard delivery by operators worldwide, tremendous data volumes are being collected. Additionally, industry standards for data transmission and sharing have now been adopted by most operators, regardless of size or geographic location.
“A large offshore oilfield can produce 5 million engineering values every day, and oilfield data management systems can make this data available to the desktop computer. A service that implements routine surveillance, timely analytical response to any exceptions, and advanced post analysis, will extract tremendous value from this data archive,” commented Mike Mitchell, Managing Director, DataHorizon.
“We regularly collect and analyze oilfield performance data from a variety of sensors and meters, both downhole and topside. It’s great to know that Knowledge Reservoir is using their expertise to provide this value-added service to an already short-handed industry,” said Kevin Renfro, Senior Engineering Advisor at Anadarko Petroleum.
Dr. Ivor Ellul, CEO of Knowledge Reservoir said, “At Knowledge Reservoir, we recognize the critical need for ongoing reservoir surveillance as important events occur later in the life of the reservoir. Our RightTime Analysis Service offering builds on our sterling industry reputation, the expertise and experience of our consultants and formalized, proven workflows to unlock the secrets of production data anomalies.”
RightTimesm Analysis Services is the first of Knowledge Reservoir’s RightTimesm series of solutions. A RightTime solution is one delivered by Knowledge Reservoir to the client in the timeframe needed by the client – the RightTime.
----
Knowledge Reservoir is a global energy consulting firm based in Houston , London , and Kuala Lumpur . Knowledge Reservoir provides Subsurface Asset Consulting services, Production Solutions, and Knowledge Management Products and Consulting services to companies around the world.
