Schlumberger has released Merak Peep 2010 software, the cornerstone of the Merak suite of best-in-class economics, planning and reserves management software. The 2010 release delivers a complete refresh of the application allowing clients to proactively respond to complex operational conditions and rapidly answer their unique business challenges.

"We worked closely with our clients to develop a solution that meets their needs for consistent evaluation and consolidation of diverse global assets while allowing them to fully connect their operations with their corporate planning process,' said Tony Bowman, president, Schlumberger Information Solutions. 'Supported by 165 transparent fiscal models, this release provides new power to calculate project economics anywhere in the world while providing consistent evaluation capabilities at the corporate level.'

The release was developed in collaboration with 15 oil and gas companies, majors, nationals and independents. Input from this diverse group of clients drove many improvements, which include greater integration and customization capabilities. Extensive usability research contributed to significant productivity enhancements, in some cases reducing the time to complete workflows from hours to minutes.

'We see our involvement with the Merak Peep client committee as extremely valuable and beneficial. Most importantly, by working directly with industry peers and the Merak Peep development staff, we are able to prioritize development direction, which benefits industry as well as Anadarko,' said Mark Furber, senior staff reservoir engineer, Anadarko Petroleum Corporation. 'Secondly, Peep is such a flexible tool; it is always beneficial to be able to see how it is used at other companies, which in turn helps Anadarko further improve our workflow in Peep."

Tags: Schlumberger