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.
About Emerson Process Management
Emerson Process Management (www.emersonprocess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb™, Syncade™, DeltaV™, Fisher®, Micro Motion®, Rosemount®, Daniel™, Ovation®, AMS Suite, and Roxar™.
Emerson, (based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2014 were $24.5 billion. For more information, visit Emerson.com.