Introduction to PetroVR

PetroVR is a full-cycle business simulation system for upstream development planning, providing decision-making support, integrated petroleum economics, and uncertainty analysis tools for geologists, engineers, and economists. PetroVR considers geology, geophysics and engineering data, as well as cost estimates, and integrates them into a model for project planning and evaluation. PetroVR adds further value by taking into account uncertainty in input parameters to perform sensitivity and stochastic analysis in project forecasts. In addition, PetroVR allows quick comparison of appraisal and development scenarios, and application of ready-made economic models to production models. Industry-leading graphic presentation tools and links to spreadsheets provide state-of-the-art possibilities to communicate outcomes and decisions.