Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
ModelRisk is an Excel add-in designed for Monte Carlo simulations, enabling users to incorporate uncertainty into their spreadsheet models. Since its inception in 2009, ModelRisk has set the standard for innovation in the industry, pioneering numerous technical features related to Monte Carlo methods that simplify the construction, auditing, and testing of risk models while ensuring they align more closely with real-world challenges. By substituting uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately represent the uncertainty surrounding those values. Following this, ModelRisk employs Monte Carlo simulation techniques to automatically produce thousands of possible scenarios. Similar to how Excel serves various analytical purposes, ModelRisk specifically evaluates the uncertainty inherent in the numerical output of Excel models. This tool has been utilized by users across a wide array of industries for risk analysis, showcasing its versatility and effectiveness in addressing uncertainty. Additionally, the ability to visualize the results enhances user understanding and supports informed decision-making.
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
Vose Software
Country
Belgium
Website
www.vosesoftware.com/products/modelrisk/
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
Risk Management
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment