Stochastic Simulation Latest News, GasAssure 1.7 Release, Gas Master Planning & More

With the biggest oil price drop seen in decades and dramatic downsizing of the industry, engineers are finding it increasingly difficult to keep up. Stochastic Simulation is here to help.

Launch of GasAssure V1.7 – The Most Powerful IAM Tool Available Today!
Our latest release of GasAssure 1.7 is making production forecasting and planning quicker and easier than ever before. Featured updates include:

• Material balance analysis module
• Improved flow assurance capabilities
• Scripting language
• Improved reporting and visualization

TOP NEWS

Founder of Modern Reservoir Simulation Passes Away

Dr Keith H. Coats, the Founder of Modern Reservoir Simulation, recently passed away. Dr Andrew Wadsley and the team at Stochastic Simulation pay their respects to this great man and his contributions to modern reservoir simulation.  Read more about Dr Coats here.

GasAssure Revolutionizing Gas Master Planning

Regional and National Gas Master Plans have long been ‘static’. GasAssure now offers a game changing shift in ‘dynamic’ modelling for ongoing Gas Master Planning..

Integrating upstream operators long term forecast models to downstream demand forecasts within GasAssure offers the first Integrated Platform for Governments, National Oil companies and regulators to vastly improve Gas Master Planning.

Stochastic Simulation engineers have been busy building complex country models for some of the world’s largest Oil and Gas producing countries. Contact us to find out more.

GasAssure Continues Strong Worldwide

Stochastic Simulation’s Malaysian sales partner, UZMA Engineering, recently signed a 5 year contract to deliver GasAssure software and support to ExxonMobil Malaysia.

Stochastic Simulation –  Finalist in Australian Technologies 2016 Competition

The AusTech Comp looks for Australia’s best technology companies. Through their bespoke accelerator program, they assess, mentor, profile and promote innovative and emerging technologies that have the greatest global potential. The 2016 competition attracted 146 entries, and we are proud to announce Stochastic Simulation has made it to the finals. Read more here.

Interview with Controversial Geologist & Geophysicist, Dr John K Davidson

With little to no other technology available to accurately determine quantified Earth stresses from seismic prior to drilling, how long can the industry continue to ignore innovative information technology? Find out in my latest interview with controversial Geologist, John K Davidson. Read more.

Interview with a Successful Female Production Engineer

We interviewed production engineer Paulina Svoboda on what it takes to be a female production engineer working in a male-dominated workforce. Read more.

Women in Oil & Gas: Australian Resources Sector Gets More Diverse

Calling all females! Are you a woman thinking of joining the Oil & Gas industry or another resources sector? There are plenty of programs and groups in Australia that can help you. Read more.

Fast & Efficient History Matching

Read Dr Andrew’s History Matching Case Study. Read More.