Schlumberger releases new data management software (SPE 2009)

Offshore staff

NEW ORLEANS -- Schlumberger has released Merak Enterprise Planning (MEP) software, a technology that enables oil and gas business planning, including event-driven or evergreen plans.

In a preliminary field test with a large integrated, independent oil and gas company, MEP demonstrated 50% reduction in project processing time, increased confidence in results, and 75% reduction in analysis time, Schlumberger says.

Merak Enterprise Planning uses a data management cube to align strategy with plans and budgets, simultaneously integrating reserves, production, and financial data to reveal business insights.

The software leverages Microsoft technologies to provide a collaborative platform for oil and gas business applications to generate valuable information in context using a robust calculation engine, the company says.

10/05/2009