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.
“The hardware descriptions and outputs generated through METTE can also be easily linked with 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,” siad the company in a statement.
Image: Yggdrasil