Emerson announces agreement with IPRES

Complementary IPRES software brings sophisticated financial analytics to enhance recovery and improve production forecasting

Stavanger, Norway (November 1, 2016) — Emerson Automation Solutions today announced a business collaboration with IPRES (Integrated Petroleum Resource and Economic Service), an international company based in Norway that provides advanced software tools and services to the upstream oil & gas industry. 

Under the terms of the agreement, Emerson will sell IPRES’s flagship solutions IPRISK® and IPRESOURCE® to its existing and prospective customer base. Both solutions are highly complementary to Emerson’s Roxar reservoir management software portfolio and will provide operators with sophisticated tools for economic risk analysis, predictive project modeling, and reserves and resource reporting.  IPRISK and IPRESOURCE can also be combined with the Roxar Big Loop™ solution, an automated workflow that integrates static and dynamic reservoir modeling, to provide a comprehensive economic management solution.

“With the need to secure strong returns from assets and the current focus on the bottom line, it’s become more important than ever for operators to identify the right ways of spending their money and understand the impact of their upstream investment decisions on cash flow, reserves and future production,” said Kjetil Fagervik, vice president of product development and marketing of Roxar Software Solutions, Emerson Automation Solutions. “That’s why the collaboration with IPRES is the perfect fit, combining our industry leading reservoir management software with sophisticated financial analytics that will enable operators to enhance recovery, improve their production forecasting and unlock the true value of their assets.”

Both IPRISK and IPRESOURCE are easy to set up and configure, can be customized according to existing reservoir management databases, and can work seamlessly alongside Emerson’s reservoir modeling software, Roxar RMS™; reservoir simulation software, Roxar Tempest™; and production management system, Roxar METTE™.

IPRISK is a stochastic tool and risk-based valuation system – available for both the field and the well – that evaluates all risks, scenarios, uncertainties and economics at every stage of the field development lifecycle. IPRISK provides for flexible well or field development planning, fast economic analysis, and a consistent approach to uncertainty and risk management. Document planning and design workflows also come with cash flow projections.

IPRESOURCE is a corporate asset management tool for managing reserves, resources, reporting and production forecasting for financial and government bodies. IPRESOURCE uses a relational database for data storage and data management, with a central repository for reports and improved corporate production forecasting. This enables users to store and retrieve current and historical data on production, reserves, contingent and prospective resources as well as track the maturation of resources to reserves on all upstream investment projects. The result is increased project, portfolio and shareholder value for operators.

The Roxar seismic to simulation solution helps operators make informed decisions across the prospect lifecycle on where to drill, what production strategies to adopt, and how to maximize oil & gas recovery from their assets.

Read the SPE-article: Upstream Project Values

SPE_article_2014Read the article in SPE, Issue 3_1 September 2014:

Arvid Elvsborg, Managing Director IPRES & Lars Rustad, Senior Consultant IPRISK:

“At the SPE Finance Seminar 4th June we presented some highlights from the use of IPRISK to show how a systematic stochastic approach to decision support secure optimised results compared to the more traditional deterministic methods.
Read the complete article

Microsoft Silver Partner

IPRES is now officially a Microsoft ISV Silver Partner. The Microsoft Partner Network gives software developers opportunities to distinguish themselves on the market by earning silver and gold competencies. We will have excellent access to the latest Microsoft technology and will be given special sales and marketing resources.
Microsoft Silver Partner To be Silver Partner IPRES had to show Microsoft that:

·         customers like the products ‒ by giving references to Microsoft
·         our products meet Microsoft standards ‒ by passing certain Microsoft tests

Our development team attends frequent training to learn about new technologies and practices.
To read about Microsoft and their Partner Network you can visit www.microsoft.com

IPRES achieves Oracle Gold Partnership

As of February 28th, IPRES is officially an Oracle Gold Partner in the Oracle Partner network. For IPRES customers, this will mean future compatibility with Oracle products as well as new functionality. Both Oracle and IPRES are looking forward to start this cooperation.

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IPRES Signs Cooperation Agreement with Aker Solutions

February 7, IPRES Norway entered an agreement with Aker Solutions on cooperation to achieve fully integrated field evaluation services associated with the IPRES Products. This means joint efforts in the market and to selected customers to secure integrated field evaluation projects utilizing IPRES Products.

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Press Release: Hamilton Signs Agreement with IPRES Norway AS

April 18, 2011, Hamilton Group announced an agreement with IPRES Norway AS to assist IPRES in providing marketing, technical support and consulting services to clients in the Americas based on IPRES’ Integrated Petroleum Suite.

Hamilton Group’s E&P Technology staff will provide Houston-based engineering and IT technical support and consulting. Mr. Claude Thorp, Vice President, will lead Hamilton’s team dedicated to supporting IPRES’ marketing, technical support and consulting services.

Claude Thorp stated, “We are excited about our relationship with IPRES, expanding E&P Technologies’ strategy of intimately connecting to companies with technical tools which we believe will enhance our client’s ability to compete in the next decade. Effective and efficient integrated decision systems are imperative in large, complex field developments and resource planning.”

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IPRES delivers reserves management and reporting software to EBN

IPRES delivers reserves management and reporting software to EBN (Energie Beheer Nederland B.V.)

The contract ensures the use of IPRES’ software IPRESOURCE® for reporting reserves from all field assets in EBN, and is an important acknowledgement of IPRES’ many years of focus in the area.

Oslo, 17 June 2010. IPRES, a leading niche provider of software tools and associated consultancy services to upstream oil and gas companies, today announced that their software tool IPRESOURCE® is now installed and fully operational within EBN B.V. from their main office in Utrecht.

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