Schlumberger Information Solutions (SIS) and Rose & Associates (R&A) are to collaborate on the provision of risk analysis software for prospect and play analysis. The alliance sets out to link SIS’ Merak value and risk management tools with R&A’s risk estimation toolkit.
R&A partner Gary Citron said, “Better capture of project uncertainty with probabilistic methods minimizes bias and enhances market value through informed decision making.” SIS portfolio manager Doug Elrod added, “This alliance will bring the power of our tools to explorationists and new ventures teams. Our goal is to deliver integrated decision and risk management solutions that span the enterprise, from the engineer’s desktop to the CEO. Sound value and risk management gives our clients insight into their economic drivers and results in performance improvements.”
R&A was founded in 2000 by Pete Rose as an E&P risk analysis consultancy. Rose has developed software for risk analysis and portfolio management along with a seismic amplitude analysis package. R&A focuses on integrated teaching, consulting and software solutions that help client companies ‘implement consistent evaluation and performance tracking procedures’.
The new alliance is said to ‘reinforce Schlumberger’s Living Business Plan’ which sets out to ‘deliver value and risk management at every level of the organization’. There would however appear to be some overlap of R&A with Merak’s software which was previously touted as a portfolio management solution – notable following the integration of PDI’s software back in 2001 (see Oil ITJ Vol 6 N° 1).
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