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Description
Estimation of reserves and resources involves NMR, acoustic, and image log analysis, alongside core database and interpretation software. The Resource Evaluation Programme (REP) employs the widely recognized Monte-Carlo method to accurately solve volumetric equations. LogIC serves as a petrophysical analysis tool for examining NMR, image logs, sonic waveforms, and conventional well-logging datasets. The Core Chopper tool transforms boxed core images into depth-indexed strips, facilitating their integration into petrophysical software. Meanwhile, Q-SCAL is designed for the loading, storage, and analysis of various conventional and specialized core analysis data. Developed by professionals in geology and petrophysics, this software caters to practical needs encountered during exploration and production efforts. LogIC has been refined to prioritize speed, adaptability, and high-quality output, making it an essential resource for idea development, testing, and effective communication. This suite of tools collectively enhances the efficiency and accuracy of resource estimation in the industry.
Description
Adopt a hybrid approach that integrates AI with physics-based reservoir simulation to significantly boost the productivity of your reservoir engineers while achieving operational excellence. This innovative method allows for simulations to be conducted in a fraction of the time typically required by traditional techniques, enabling the rapid streaming of new production data to refine forecasts in just minutes. You can efficiently explore various development scenarios, cutting down the time required from over a month to mere hours, all with minimal staffing. Maintaining a clear perspective on where additional development opportunities lie allows for the strategic redirection of efforts towards the most productive areas, thereby enhancing and optimizing production from established assets to ensure a steady revenue flow. This approach not only shortens the decision-making cycle but also minimizes costly overhead expenses. The journey towards operational excellence begins by transforming your previously underutilized dynamic reservoir model into an ultra-fast, always-reliable tool for production forecasting that supports operational planning and budgeting. This represents a groundbreaking advancement that seamlessly fuses AI with numerical simulation methodologies, paving the way for more effective resource management in the industry. By embracing these modern techniques, organizations can position themselves for sustained success in a competitive landscape.
API Access
Has API
API Access
Has API
Integrations
Datto RMM
Datto Workplace
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Logicom
Founded
1985
Country
United Kingdom
Website
www.logicomep.com
Vendor Details
Company Name
Target Solutions
Founded
2004
Country
Oman
Website
meerasimulation.com
Product Features
Oil and Gas
Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management
Product Features
Oil and Gas
Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management