Replace your spreadsheet modelling with a powerful business simulation approach that integrates all the elements of your resource and is built on more than 20 years of E&P experience. It enables you to configure the model of your asset as necessary to reflect the specific areas of complexity.
PetroVR
Understand the risks and impacts of your asset development options with a full-cycle asset exploration and development simulation system.
Full Cycle Asset Exploration and Development Simulation
Weigh the risks and rewards of multiple development options including CCU and CCS to fully understand their impact with a comprehensive full-cycle asset exploration and development simulation system for engineers and planners.
Features
Flexible Resource Modelling
Integrated Simulation
Model every entity in your project and visualize both localized and system-wide constraints and scheduling nuances, highlighting material risks and sources of uncertainties, revealing hidden value, and allowing the acceleration of your project towards production. With clear insight integrating all the aspects of the entire asset, PetroVR allows planners to understand real decision trade-offs.
Scenario and Uncertainty Evaluations
Advanced scenario management capabilities enable the rapid cascading of input updates and accelerated insight generation of trade-offs between decisions, making the “what if” analysis easy and transparent. Powerful Monte Carlo functionality enhances the development decision quality by factoring in the impact of the project risks and uncertainties.
Integrated Ecosystem
Leverage PetroVR's integration with Planning Space for best-in-class Economics-as-a-Service functionality, removing friction associated with reconciliation between Asset and Corporate via standardizing on a single economic model.
Understand the Trade-offs Between Plans and Scenarios
PetroVR's powerful forecasting engine features a unique stochastic simulation engine with a discrete event simulator.
Benefits
Compare, Gain Insight, and Make Better Decisions Faster
Accelerate your asset development modelling with the right tools, including elements of Carbon Capture, Utilization, and Storage, enabling accurate insights that drive informed decision making in meeting corporate strategic objectives.
Understand Your Asset Risks and Uncertainties
Simulate development of the entire asset to capture and understand the impact of the risks and uncertainties associated with your project. Use Monte Carlo analysis to factor in all the refinements of your operations to understand performance.
Manage Production Goals and Net-Zero Commitments
Actualize the challenges of oil and gas resource plays and net-zero development with easily configurable tooling to enable development planning and production optimization.
Unlock Your Asset's Potential
Asian deepwater projects are some of the most challenging developments in the world due to contaminated gas, high costs, remote sites, and unique commercial situations. It is essential that these challenges are assessed and managed throughout project execution by selecting appropriate field development plans and implementation methods. Learn how to overcome these challenges and unlock the potential of your assets through collaborative, risk-based evaluations.
