iStore’s WellBitz offers E&P apps in the cloud

Amazon web services-based entry level upstream software on pay-as-you-go model.

The Information Store (iStore) has announced ‘WellBitz’ a cloud-based workspace for E&P projects including drilling, operations, prospects and investments. WellBitz lets multiple users collaborate, upload and organize oilfield documents. Online tools enable mapping, production data visualization, decline curve analysis and partner interaction.

Applications are delivered via a pay-as-you-go, software-as-a-service model which iStore claims, ‘provides services at a much lower cost than traditional desktop or server applications.’

Early adopter Tom Divine of Oklahoma-based RKI E&P said, ‘WellBitz’ mapping and economic analysis functions are well thought out and simple to use. This should be a very attractive product for smaller operators as a lower cost alternative to traditional industry software packages.’ iStore plans regular enhancements for WellBitz. The current roadmap includes data room functionality, well log and cross section viewers, wellbore utility and mobile device access.

The WellBitz technology stack comprises Microsoft’s .NET framework, Amazon web services, the PPDM data model, Esri map controls, Open Street Map and Html 5. WellBitz pricing starts at $49 per month for a single seat. More from iStore.

Click here to comment on this article

Click here to view this article in context on a desktop

© Oil IT Journal - all rights reserved.