12/14/2004
KNOWLEDGE RESERVOIR RELEASES MAJOR UPDATE TO Reservoir KB - THE GULF OF MEXICO DEEP WATER RESERVOIR PERFORMANCE KNOWLEDGE BASE
HOUSTON, December 14, 2004 --- Knowledge Reservoir has released the latest update for 2004 to 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 work flow.
The Gulf of Mexico module of Reservoir KB incorporates information drawn from 104 deepwater fields 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.
Dr. Ivor Ellul, CEO of Knowledge Reservoir said "We are pleased to see this release go out to our client base at a time when the industry is clearly focusing on adding reserves to their portfolios. The tools delivered as part of the knowledgebase, including metric analyses, lessons learned, and analog searches, provide a highly effective means of assessing potential reservoir performance in key deepwater areas.”
