Petroleum Africa
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Friday, July 3, 2015
2 July 2015 – Offshore marine and engineering consultancy Aqualis Offshore is to open an office in Busan, South Korea, following increased demand for the company’s services.
“Over the past few months we have received an increasing number of work requests from oil services companies, rig operators and the numerous offshore construction yards in South Korea. It is therefore a logical expansion of our network to set up an office here now, so that we are able to provide the best possible local support to our clients,” says Phil Lenox, Director – Asia Pacific, Aqualis Offshore.
The Busan office will offer Aqualis Offshore’s full range of services with support from other group offices. However, its initial focus will be on dynamic positioning consultancy, transportation and installation, marine warranty and construction supervision.
Mr Gang-Yeoung Jeong has been appointed as general manager of the company’s office in Busan. South Korea is the 11th country Aqualis Offshore enters after the company was established in 2013.
Aqualis Offshore is a specialized marine and offshore engineering consultancy focusing on the shallow and deep-water segments of the offshore oil, gas and wind industries.
Emerson Strengthens Upstream Capabilities through Acquisition of Yggdrasil
Acquisition expands Roxar Software Solutions to the entire reservoir lifecycle, enabling operators to continuously monitor production and forecast future reservoir performance
STAVANGER, NORWAY (July 2 2015) — Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software. Emerson will incorporate Yggdrasil’s METTE production optimization solution into the Roxar reservoir management software portfolio, providing operators with an integrated workflow from seismic interpretation and reservoir modeling to reservoir simulation and production optimization. The combination of data from predictive reservoir models, production modeling and field instrumentation will enable operators to monitor production continuously and use information from the field when forecasting future reservoir performance and making operational decisions.
“This integration will help our customers align their modeling, uncertainty quantification and simulation data with production; optimize their field development and production plans; and increase oil and gas recovery in today’s challenging environment,” said Kjetil Fagervik, managing director of Emerson’s Roxar Software Solutions. “With this acquisition, Emerson is widening our software portfolio to ensure better decisions and better asset returns.”
METTE is an integrated flow assurance and production modeling solution that provides operators with flow performance calculations for wells and flow lines, integrated field modeling for life of field simulation and optimization, and virtual metering for the allocation of production to wells. Key benefits to operators include flexible production performance calculations, fast network simulation and improved life of field integrated flow assurance.
The hardware descriptions and outputs generated through METTE can also be easily linked with leading reservoir simulators in the market, including Emerson’s Tempest MORE simulator. The result is a completely integrated production modeling system that can be used to refine and develop production strategies and field development concepts.
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