Ecobank Transnational Incorporated, the parent company of Ecobank, has signed an agreement with OiLibya for the distribution of digital financial services
Technology
Oil Review Africa weekly digest - 1st - 5th May
Here is a brief overview of the weeks new on Oil Review Africa, from 1 - 5 May 2017
Weir Oil & Gas announces new EMEA regional leader
Weir Oil & Gas, a leading upstream provider of pressure pumping and pressure control equipment and services, announced the appointment of Ronan Le Gloahec as managing director EMEA region, effective immediately
GNPC Operating Services Company and Lloyd’s Register in a joint venture to deliver services to oil and gas sector in Ghana
Lloyd’s Register has signed an agreement with GOSCO to form a joint venture dedicated to providing well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of Ghana
Emerson expands reservoir management software capabilities for improved field economics and maximum oil recovery
Emerson’s Roxar Tempest 8.0 provides risk mitigation, increased field productivity and expanded integration from geosciences to production
Emerson Automation Solutions has launched the latest version of its reservoir management software suite, Roxar Tempest 8.0, bringing reservoir engineers more tools to maximise the potential of their fields. The latest version features additional history-matching capabilities; enhanced field productivity thanks to greater simulation performance; and an integrated workflow from geosciences to production
“Our reservoir management software has always had a simple goal – to help operators make better decisions and improve field economics when it comes to their development plans,” said Kjetil Fagervik, vice president of product development and marketing of Roxar Software at Emerson Automation Solutions.
“We have now taken this goal a step further, adding even greater value throughout the reservoir lifecycle by providing a technology platform that combines engineering and geology and ensures that the very best uncertainty and risk analysis information is available for those vital field development decisions.”
Further integration from geosciences to production as a result of the Big Loop solution, offering reservoir engineers an automated workflow that tightly integrates static and dynamic domains throughout the field’s lifetime, incorporates the stochastic property of geological inputs, and ensures optimal consistency of the reservoir properties with the underlying geology. Reservoir engineers can also utilize the Roxar App Connector to run additional third-party programmes or in-house applications, leading to improved uncertainty analysis through the closer integration of geology and engineering.
Roxar Tempest, which runs on Windows and Linux and operates alongside Emerson’s reservoir modeling solution, Roxar RMS, is an integrated software suite that provides a single, consistent interface and is used in hundreds of installations worldwide. Tempest modules include fluid analysis and an economic evaluation tool that provides cash flow analysis derived from simulation results. All modules can be deployed as an integrated suite with a common interface, or separately within third party simulation workflows.