Knowledge Reservoir, a leading engineering and geoscience consulting services firm serving clients worldwide, and Roxar, a leading international technology solutions provider to the upstream oil and gas industry, today announced a joint, non-exclusive partnership arrangement to provide production and reservoir surveillance services to their clients.
Knowledge Reservoir delivers its production and reservoir surveillance solution under the RTAS brand, while Roxar’s subsurface monitoring and analysis solutions come under its Integrated Reservoir and Production Management (iRPM) portfolio. Together, the two companies will deliver to customers “Roxar iRPM Services supported by RTAS from Knowledge Reservoir.”
Since May 2007, the two companies have been working closely with a mutual client to monitor and analyze permanent downhole sensor data generated by Roxar from a complex field in the Norwegian North Sea. This turnkey project involved seamless data access and transfer, monitoring, analysis, interpretation, and report generation for the Norway-based client with work performed remotely from
Dr. Ivor R. Ellul, president of Knowledge Reservoir, said, “Talent and technology have been brought together to meet clients’ needs in this day and age of limited resources. The RTAS service proves the viability of remote production and reservoir surveillance in the digitally-enabled oilfield.”
Gunnar Hviding, Roxar’s chief executive officer, said, “Roxar’s monitoring solutions continue to be at the forefront of permanent downhole instrumentation, providing our customers with intervention-free reservoir surveillance and value-added iRPM analysis services. Partnering with Knowledge Reservoir will ensure that the maximum amount of value is generated from this data. We look forward to a productive relationship – both for Roxar and Knowledge Reservoir and for our operator customers.”
For more information, visit www.knowledge-reservoir.com or www.roxar.com.
Recommended Reading
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.