Dallas-based Reservoir Characterization Research and Consulting, Inc. (RC)2 has signed an agreement with Landmark to develop a geostatistical module for Landmark’s Stratamodel. The new software will perform geostatistical simulations of geological and reservoir properties in Stratamodel and will provide pre-processing and data analysis
Geostatistical
The project brings modeling functionality to Stratamodel users said to address the bulk of an asset team’s geostatistical requirements. The module will be provided by (RC)2 and marketed by Landmark as an RC2 module.
Araktingi
Udo Araktingi, RC2 CEO added “This agreement provides the large Stratamodel user base with a set of tools crucial to the effective development and management of oil and gas reservoirs. Not only will Stratamodel users be able to integrate different data types, but also assess the risks associated with development decisions such as placing a new well in the reservoir.” RC Squared provides consultancy services and software to integrate a range of data types, including core, well-log, well production and injection histories, well pressure and seismic data. RC2 has backing from institutional shareholders First Reserve Corporation, Altira. More from www.rc2.com.
This article originally appeared in Oil IT Journal 2000 Issue # 10.
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