TRONDHEIM, Norway – ExproSoft is launching WellMaster Simulator, a cloud-based well life simulator for new and mature fields.
The solution is designed to help oil and gas operators accurately predict well interventions, downtime, and expenses (opex) for both new field developments and fields in operations.
Simulation capabilities are made possible by RAM Studio, a software developed by the recently-acquired Miriam, and well equipment reliability data available from WellMaster RMS (containing 40,000 well years of history). The solutions are cloud-based for easy access and low-cost implementation.
Roger Klausen, COO of ExproSoft, said: “WellMaster Simulator will make lifecycle cost and intervention analytics available to field development projects and assets. This will enable them to easily evaluate alternative designs and maintenance strategies.”
The new technology is expected to be available in 1Q 2017.