Petris and Warrior form strategic alliance around UnRiskIT

Risk management package to be embedded in PetrisWinds Enterprise and Recall.

Petris has teamed with Warrior Technology Services to market Warrior’s UnRiskIT risk management package. The deal gives Petris the right to embed UnRiskIT into its own solutions as well as non exclusive rights to resell UnRiskIT on a standalone basis.

UnRiskIT provides Monte Carlo-based simulation of the well planning process and root case analysis of drilling problems. Time-based and financial risk analysis allows for alternative scenario planning such as sidetracking and other ‘remediations.’ Data exchange with Microsoft Excel is supported.

Petris will integrate UnRiskIT with its data management offering comprising PetrisWinds Enterprise and the well log management package, Recall. UnRiskIT will also be bundled with engineering applications including DrillNet and a new AFE Management solution, a component of PetrisWinds Operations Center. UnRiskIt will let project planners identify and rank risk factors and develop a risk management and mitigation strategy to minimize non productive time. UnRiskIT clients include Shell, Chevron, Hess and Halliburton.

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