REP (Resource Evaluation Programme) uses the well-known Monte-Carlo technique for a rigorous solution of the volumetrics equation. The calculation of reserves, and an estimation of the uncertainty of that calculation, lie at the heart of hydrocarbon exploration and production. ... Read more »

The Petrel E&P software platform brings disciplines together with best-in-class applied science in an unparalleled productivity environment. This shared earth approach enables companies to standardize workflows from exploration to production—and make more informed decisions with a clear understanding of both opportunities and risks. ... Read more »