Aker BP & Resoptima in Collaboration Agreement

Source: www.gulfoilandgas.com 7/2/2018, Location: Europe

Aker BP partners with Resoptima for implementing next-generation reservoir management software. Aker BP has entered a three-year cooperation agreement with Resoptima for the incorporation of Resoptima’s software solutions into Aker BP’s digitalization effort within reservoir management. In addition Aker BP will take a 15% equity position in Resoptima. Deploying the Resoptima solutions across the Aker BP producing assets is aligned with Aker BP’s ambitious digitalization agenda.

Both Aker BP and Resoptima see great potential for the E&P industry to increase recovery while reducing costs by leveraging the power of data-driven reservoir modeling and management. By facilitating a better collaboration between the subsurface disciplines, as well as rapidly updating reservoir models as new data becomes available, Aker BP will be able to better account for uncertainty, improve its decision-making processes and increase its operational efficiency.

Resoptima’s reservoir modeling and data conditioning software ResX allows E&P companies to rapidly create reliable reservoir models through consistent integration of all available reservoir data while accounting for uncertainty. The software can be used to run virtual experiments of future production scenarios and help operators making the right decisions to maximize recovery, while minimizing the financial risk.

The collaboration will also allow Resoptima to further develop the technologies through access to Aker BP’s subsurface competence and reservoir data.

“We are a leading company for digitizing E&P, and Resoptima’s technologies will help us maintain our technical leadership in reservoir monitoring and modeling to maximize value creation from our fields,” said Karl Johnny Hersvik, CEO of Aker BP. “Efficient operations require up-to-date digital models for reservoir simulation and optimization and our cooperation with Resoptima will bring forth significant value in this discipline”.

“Aker BP is committed to leveraging their impressive data platform in order to make faster and better business decisions,” said Atila Mellilo, CEO of Resoptima. “The cooperation will also enable us to improve our products based on the common view we share with Aker BP regarding the intelligent use of data for driving business decisions in the E&P sector”.


United States >>  6/30/2022 - Veritone, Inc., creator of iDERMS, an intelligent distributed energy resource management platform, announced it has been named a key player in the 202...
United States >>  6/30/2022 - Quorum Software (Quorum), a global software leader dedicated to the energy industry, announced that it has entered into an agreement with Schlumberger...

Germany >>  6/29/2022 - • Partnership to transform the manufacturing industry with immersive experiences across the lifecycle from design through operation
• Companie...

United States >>  6/28/2022 - Capstone Technologies Group Inc, a company that acquires, operates, and organically develops disruptive technologies, announced that its subsidiary Dr...

United States >>  6/28/2022 - AMPLY Power products and services are now available to federal fleets through a Blanket Purchase Agreement (BPA) by the U.S. General Services Administ...
United States >>  6/27/2022 - Dalrada Financial Corporation announced its clean energy subsidiary, Dalrada Energy Services (DES), has entered into a strategic partnership with Bany...

Related Categories: Bid and Proposal Software  CAD Systems  Control Software  Design Software  e-business  Financial Accounting Software  Gas Software  General  GIS Software  Import Documentation System  Materials Management Software Materials Management  Oil Software  Petroleum Software  Process Simulation  Procurement Software  Property Management Software  Risk Management  Sales automation Software 

Related Articles: Bid and Proposal Software  CAD Systems  Control Software  Design Software  e-business  Financial Accounting Software  Gas Software  General  GIS Software  Materials Management Software Materials Management  Oil Software  Petroleum Software  Process Simulation  Procurement Software  Property Management Software  Risk Management  Sales automation Software 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.