Posts tagged ‘Knowledge Reservoir’
Knowledge Reservoir Releases Deepwater GOM Knowledge Base 2010
Knowledge Reservoir announced the 2010 release of its deepwater knowledge base, ReservoirKB. This release features significant improvements in both application design and content, now covering:
- More than 290 fields (~100 additional)
- More than 900 reservoirs (~250 additional)
- More than 1,240 wells (~200 additional)
Not only does this update make ReservoirKB the most comprehensive knowledge base on the market, the improvements to the application make it the most capable knowledge base on the market. This update features:
- a completely redesigned user interface;
- new user-defined tables;
- new user-defined charts;
- new user-defined statistics; and
- GIS map navigation.
ReservoirKB currently represents the most comprehensive knowledge base directed towards exploration and appraisal geoscientists and engineers in the Deepwater Gulf of Mexico region. It provides coverage of all deepwater productive sands discovered, constituting reservoirs currently either in production or sanctioned for development. Additionally, the service provides continually updated reservoir performance metrics, analogs, lessons learned and regional knowledge not available from any other single source. The knowledge base provides a unique combination of reservoir engineering data, geological description, production data analysis and regional knowledge.
Dr. Ivor Ellul, President and CEO of Knowledge Reservoir, stated: “ReservoirKB was developed in response to operators’ needs for a knowledge base of deepwater data to evaluate projects, assess risks and measure them against other opportunities in their portfolios. Our clients find it an invaluable resource when researching analog fields, as reservoir assessment and benchmarking are at the heart of good appraisal and sanction decisions. We are very excited with the new interface and user-defined reporting options, which we are confident our users will find a strong enhancement on the utility of the service.”
Knowledge Reservoir Restructures Business
Knowledge Reservoir announced a realignment and strengthening of its business structure and service offering to enable the company to pursue several key market initiatives more aggressively by dividing its business lines into a series of consulting practices.
The Reservoir Management business has been refocused into four practices, each led by an experienced Practice Director:
1) Deepwater;
2) Improved Recovery and Field Redevelopment;
3) Unconventional Resources; and
4) Reserves and Mergers / Acquisitions.
Knowledge Reservoir has extensive reservoir modeling and reserves experience on individual field projects and basin-wide studies in deepwater, including the Gulf of Mexico, Brazil and West Africa. The company has a long list of clients representing a broad range of experience in offshore and onshore basins worldwide, and has been involved in various stages and work scopes on many IOR and CO2 projects around the world.
Knowledge Reservoir continues to grow its Surface Systems business along two practices:
1) Flow Assurance; and
2) Pipeline Systems Engineering.
The Knowledge Management business stream will be developed in three areas:
1) The ReservoirKB deepwater knowledge base;
2) Knowledge Base Products; and
3) Knowledge Management Consulting, including Data Management Solutions, an area in which the company is seeing considerable growth opportunities.
Dr. Ivor Ellul, President and CEO of Knowledge Reservoir, commented: “Knowledge Reservoir is excited about the new opportunities that we believe will be opening up for us in 2010 and beyond, and we have a clear objective to capitalize on these as they present themselves in each practice area around the world.”
Knowledge Reservoir Management Buy-Out
On May11, Houston-based Knowledge Reservoir, a geosciences and engineering consulting company, announced the completion of a management buy-out (MBO) of the remaining shares held by Ziebel AS. The MBO represents the purchase by the original founders, Dr. Ivor Ellul and Robert Archer, of the majority stake that Ziebel held after its acquisition of Knowledge Reservoir in May of 2007. Ziebel’s advisor in the transaction was Simmons & Company International.
Dr. Ellul, President and CEO of Knowledge Reservoir, stated: “This is an excellent time to be back at the helm of the company given the ever-increasing need for agility in delivering products and services to our client-base.”
Knowledge Reservoir Updates Deepwater GOM Knowledge Base
Knowledge Reservoir LLC announced the 2009 release of its Deepwater Gulf of Mexico (GOM) knowledge base, ReservoirKB™. This latest release of the company’s Web-based service features a totally new GIS interface to improve the overall user experience and maximize navigation efficiency for users seeking specific information on deepwater reservoirs.
The comprehensive ReservoirKB knowledge base provides information on all deepwater productive sands discovered Gulf of Mexico region, either currently in production or sanctioned for development. Additionally, it provides continually updated reservoir performance metrics, analogs, lessons learned and regional knowledge not available from any other source – a unique combination of reservoir engineering data, geological description and production data analysis.
ReservoirKB is provided as a subscription service on a hosted portal. Updates are provided annually, with the most recent one including fresh 2008 data and completely updated analyses.
ReservoirKB now includes:
- 193 fields
- 620 associated reservoirs
- 1050 wells, including appraisal and development wells; and
- Current discussion on the critical challenges facing the industry, including a review of the Paleogene.
Dr. Ivor Ellul, president of Knowledge Reservoir, stated: “ReservoirKB was developed in response to operators’ needs for a knowledge base of deepwater data to evaluate projects, assess risks and measure them against other opportunities in their portfolios. Our clients find it an invaluable resource when researching analog fields, as reservoir assessment and benchmarking are at the heart of good appraisal and sanction decisions. We are most excited with the new interface; the greatly enhanced utility of which users familiar with other GIS based applications will be familiar.”
Knowledge Reservoir Updates Deepwater GOM Knowledge Base
Knowledge Reservoir LLC announced the 2009 release of its Deepwater Gulf of Mexico (GOM) knowledge base, ReservoirKB™. This latest release of the company’s Web-based service features a totally new GIS interface to improve the overall user experience and maximize navigation efficiency for users seeking specific information on deepwater reservoirs.
The comprehensive ReservoirKB knowledge base provides information on all deepwater productive sands discovered Gulf of Mexico region, either currently in production or sanctioned for development. Additionally, it provides continually updated reservoir performance metrics, analogs, lessons learned and regional knowledge not available from any other source – a unique combination of reservoir engineering data, geological description and production data analysis.
ReservoirKB is provided as a subscription service on a hosted portal. Updates are provided annually, with the most recent one including fresh 2008 data and completely updated analyses.
ReservoirKB now includes:
- 193 fields
- 620 associated reservoirs
- 1050 wells, including appraisal and development wells; and
- Current discussion on the critical challenges facing the industry, including a review of the Paleogene.
Dr. Ivor Ellul, president of Knowledge Reservoir, stated: “ReservoirKB was developed in response to operators’ needs for a knowledge base of deepwater data to evaluate projects, assess risks and measure them against other opportunities in their portfolios. Our clients find it an invaluable resource when researching analog fields, as reservoir assessment and benchmarking are at the heart of good appraisal and sanction decisions. We are most excited with the new interface; the greatly enhanced utility of which users familiar with other GIS based applications will be familiar.”
PetroComputing 