ExproSoft to introduce well life simulator

Offshore staff

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.

11/21/2016

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...