Empowering Business Decisions
Petrel by Schlumberger offers a comprehensive petroleum economics solution that enables businesses to make more informed decisions throughout the exploration to production process. The tool integrates technical insights from geoscientists and engineers with crucial business analysis and processes necessary to support decisions across an asset's lifecycle. From the assessment of prospects to abandonment, the Geox exploration risk and resource assessment software™ facilitates a cohesive and integrated approach, empowering stakeholders to make better business decisions.
Economic Planning
The Geox exploration risk, resource, and value assessment software provided by Petrel by Schlumberger offers scalable decision support for risk, resource, and economic evaluation of exploration projects and portfolios. This solution allows organizations to streamline their decision-making processes, optimize resource allocation, and enhance overall project economics. By leveraging this tool, businesses can mitigate risks, maximize profitability, and ensure the success of their exploration ventures.
Strategic Partnerships
In a strategic move to enhance its offerings, Schlumberger has collaborated with Quorum Software to integrate Quorum's Planning Space with the FDPlan field development planning solution, powered by the DELFI cognitive E&P environment. This partnership aims to combine Quorum's renowned business planning and petroleum economics capabilities with Schlumberger's innovative solutions, providing clients with a comprehensive and advanced planning tool. Additionally, Quorum's acquisition of Merak planning, risk, and reserves software from Schlumberger further strengthens the suite of solutions available to businesses in the energy industry.
Enhanced Decision-Making
By harnessing the power of Petrel by Schlumberger's economics and planning suite, companies can enhance their decision-making processes, optimize resource utilization, and improve the overall efficiency of their operations. This integrated solution equips businesses with the tools they need to conduct thorough risk assessments, evaluate resources effectively, and forecast economic outcomes with confidence. Ultimately, leveraging this solution enables organizations to achieve greater operational efficiency, increase profitability, and drive innovation in the energy sector.