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News and insights about corporate.
319 articles · page 7 of 27
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kwantis started an innovative project to automatically calculate the decline curve of producing oil&gas fields on a probabilistic basis. This system will help the definition of an accurate production budget and the standardization of the calculation process.
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kwantis published an article on the February issue of JPT (Journal of Petroleum Technology). The article describes how the increased quantity of data available during the drilling activities managed through advanced solutions such as ID3 – Integrated Drilling Data Discovery, can improve the performance of the drilling…
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kwantis is pleased to announce a technical and commercial partnership with EFTECH to distribute and support kwantis solutions. EFTECH is a provider of integrated services to the energy industry in South-East Asia.
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kwantis, thanks to its strong R&D commitment and the high skill set of its people, has been admitted by the Italian Government in the directory of Innovative SMEs. Thanks to this recognition, our Italian clients will benefit from a set of tax advantages on their R&D activities.
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kwantis presented a paper at the AICE (Association of Italian Cost Engineers) entitled “The Quantitative Evaluation of Risks As A Key Success Factor For Investment Projects”. This article presents the innovative approach supported by Riskturn.com solution to perform a risk-based cash flow evaluation.
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kwantis initiated a collaboration with Pakistan Petroleum Limited, the pioneer of the natural gas industry in Pakistan and producer of about 20 percent of the country’s total natural gas supplies besides producing crude oil, Natural Gas Liquid and Liquefied Petroleum Gas.
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kwantis is supporting a major O&G company in the implementation of the new directives issued by the EU Commission concerning the Market Abuse Regulation (MAR). From the technical point of view the project regards the definition of customized algorithms to identify potential abuses during the trading operations.
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A “rig version” of ID3 has been succesfully installed on a land rig. The system is providing insightful statistics on a real time basis benchmarking the current drilling performance versus a set of offset wells.
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The article “Riskturn: the revolution in Capital Budgeting” has been published in the Daily Telegraph. This article presents the added value of the quantitative evaluation of risks in financial planning.
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Riskturn has been selected by Edison E&P division to support the economic evaluation of single asset development, and also to define the optimal strategy in assets portfolio management. Riskturn is an innovative solution for risk-based economic evaluation, that has been co-developed by kwantis and Techedge.
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There is a new opportunity to follow a 2 days (2nd October and 9th October) complete course in Risk Management designed by kwantis professionals. 16 CFU will be recognized for participants from Albo Ingegneri formation.
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kwantis is resuming its collaboration with Edison Spa, the second largest integrated energy company in the Italian market. The activity is dedicated to the implementation of a Projects Portfolio Management system for the Exploration & Production division.