Petroleum Experts - The Company
Petroleum Experts is a engineering company that develop a set of petroleum engineering software tools.
Petroleum Experts started in business in 1990. All members of the team are from a petroleum engineering or engineering software development background with extensive experience in petroleum engineering. The corporate strategy developed from this expertise and a long-term business outlook have been fundamental to the success of the company.
The company's petroleum engineering software tools enable the oil and gas industry to model dynamically their oil reservoirs, production and injection wells and surface pipeline networks as an integrated production system.
The success of the business has been driven through a highly focussed and sustained drive towards incremental and measurable steps in innovation of new engineering modelling techniques. This has brought direct bottom line production gains to the client - The Oil and Gas Companies.
The engineering solutions developed by Petex are generically known as:
| Integrated Production Modelling | IPM |
| Integrated Field Management | IFM |
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.
Petroleum Experts has been recognised as one of the fastest growing technology companies in the UK. The company has a very steady growth which has been recognised in the Deloitte Fast 50 award in 1999, 2000, 2002, 2003, 2004 and 2005. In 2006 the company was short listed for the Scottish Business of the Year Award
The company's head office is in Edinburgh. There are regional offices in Houston and Beijing for client technical support and sales.
