SPT Group goes for advance reservoir optimisation suite

22 December 2011: SPT Group has launched MEPO 4, the next generation of its market leading solution for optimising reservoir flow models. Used by oil and gas companies for risk reduction, uncertainty management, well location optimisation and assisted history matching, MEPO helps reduce cost and cycle times at all stages of the reservoir management decision chain.

MEPO has, since the first commercial release in 2004, become the industry standard for automation and optimisation of simulation workflows. MEPO4 is the next generation release of this unique technology - expanding the offering to become a complete productivity suite for upstream modelling and simulation projects. The new MEPO release brings to market the industry’s first model for rigorous optimisation under uncertainty.

Source: Yourindusrynews