Enigneering Company - Developing Advanced Mathematical Models

The engineering solutions developed by Petex are generically known as:

Integrated Production Modelling	IPM
Integrated Field Management	IFM

Petroleum Experts has more than 280 client companies in 60 countries worldwide. Eighty percent of its business is outside Europe.

All the major international oil companies have taken the IPM suite as their corporate standard.

IFM was released commercially in October 2006 and has already three of the major international companies adopting it as a corporate standard.

Petroleum Experts Client List

The company develops a set of engineering tools - Integrated Production Engineering software suite - IPM. GAP, PROSPER, MBAL, PVTP, REVEAL, RESOLVE and OpenServer.

The IPM suite of tools is the industry standard for integrated field modelling and production optimisation. Moreover the tools provide production forecasts.

The IPM suite model the reservoir(s), the production and injection wells and the surface gathering system. Multiple reservoirs, naturally and artificially lifted wells, plus single and looped surface pipelines networks can be handled in an integrated way. Sophisticated non-linear global optimisation techniques are used.

Petroleum Experts moved the IPM concept forward to develop real time "IPM Field Management - IFM", integrating the market leading field modelling tools IPM with online Surveillance monitoring and Automation system, using proven engineering model based techniques for quality control of field data, field wide optimisation and day-to-day field management. This is known as IFM.

Petroleum Experts provides unique, best in class, engineering solutions for the oil and gas industry. This is achieved through a heavy investment in original research and development.

The major oil companies have classified the IPM suite as number one technically, allowing the users to deliver significant production gains.

The company's head office is in Edinburgh. There are regional offices in Houston and Beijing for client technical support and sales.