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tNavigator charts new territory with Petrosys

Thursday, February 27, 2014

Australian petroleum E&P software provider Petrosys has signed an exclusive three-year agreement to distribute the tNavigator reservoir simulation solution in Australia, New Zealand, PNG and Timor- Leste.

Under the agreement, Adelaide-based Petrosys will market the tNavigator product, created by Russian developer Rock Flow Dynamics (RFD), along with associated professional services from RFD in Russia and the USA.

The tNavigator solution is designed to run dynamic reservoir simulations on engineers' laptops, servers, and HPC clusters. It represents a powerful challenger in the global market for oil and gas resource development software, providing faster performance on less expensive hardware than legacy technologies.

tNavigator developer Rock Flow Dynamics, which has offices in Moscow and Houston, received an investment from Intel Capital during 2010 to expand its sales and marketing operations worldwide.

Petrosys Vice President Middle East Asia Pacific Scott Tidemann said tNavigator complemented Petrosys' existing suite of software and added great value to petroleum exploration and development projects. 'Designed from the ground up around present day technology, tNavigator is much more
efficient than legacy products,' he said.

'Reservoir simulation is a computationally intensive exercise, so traditionally it has required a very significant investment in hardware and has taken a long time to run. Through optimal use of new technology, tNavigator can run on lower cost hardware yet perform simulations more quickly and effectively. Reservoir engineers can run more simulations at higher resolution and in less time, allowing more efficient resource exploitation. It's also important to note that tNavigator delivers high quality results and integrates easily with other software - all at a cost-effective price point. ' Rock Flow Dynamics President Vasilii Shelkov said he expected Petrosys to help establish a strong market for tNavigator in the region. 'As an Australian company with global operations, Petrosys is ideally placed to identify opportunities for tNavigator in the Australian and Pacific regions,' he said.

'Petrosys has the market understanding, the industry experience and the technical expertise to provide the level of recognition and support that we require for tNavigator.'

Associated Companies
» Petrosys
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