Edinburgh Petroleum Services
EPS exists to create wealth through the optimisation of the assets of the international oil and gas industry.
Company Information
EPS was established in 1983 to market the technology produced as a result of the rapid growth of the North Sea fields - a technically demanding environment. The founding members of the company had backgrounds in international oil and gas operations, teaching and research. EPS has developed its commitment to high technology, quality and international marketing and is now a well respected supplier of products and services to over 400 clients in more than 50 countries.
EPS's growth since inception can be charted through certain key events.
- In 1985, PanSystem TM was launched. This was the first well test analysis program developed for petroleum engineers to use with the new PC technology. The company has been a leading exponent of PC engineering technology ever since. By 1986, the program was established as the market leader, and with its relaunch as a Windows application in 1993, it retains its pre-eminence.
- In 1989, under a turnkey contract, the company provided and installed a complete core analysis laboratory in Oman and trained staff in its use
- In 1989, the development of FloSystemTM 3 began, with the objectives of single well and fieldwide optimisation. The first version was released two years later.
- In 1991, the Consulting division expanded its range of services from welltest analysis to include reservoir simulation, production engineering and integrated studies. Also in 1991, FloSystem 3 was released under Windows.
- In 1993, the company released both Windows and Unix versions of PanSystem. In the same year we released FloSystemTM 3 under the Windows NT environment.
- In 1994, the Consulting division of EPS won a major contract for the technical management of four mature fields in the North Sea. This was the first time a major oil company had outsourced the operation of its fields in this way. EPS continues to invest heavily in research into accurate mathematical modelling of production processes, and plans to release further products for well testing and production engineering.
Future directions - ReO
Now that the market acceptance of PanSystem and FloSystem 3 is well advanced, EPS is considering its plans for the future - and the introduction of new products. Central to the company's plans is ReO TM - Resource Optimisation - which represents a new generation of production simulator. ReO integrates all of the production engineering functions of FloSystem with a production database and allows petroleum engineers to predict well and reservoir performance. The integration of these different functions (all data resides within one application) enables oil companies to evaluate investment decisions much more effectively. ReO's objective is to provide the petroleum engineer with a tool capable of modelling any hydrocarbon production system. It meets this objective in three ways.
- It functions as a production simulator, modelling the current performance of the combined reservoir/production system to ensure production optimisation subject to physical and fiscal constraints. ReO also acts as a diagnostic tool, identifying problem wells or surface network bottlenecks at an early stage.
- It monitors and assesses changes in the reservoir and production system performance so that engineers can predict the future production and cash flow of the field.
- It evaluates changes in system design - such as stimulation, artificial lift, water shut-off and so on - in order to overcome problems and increase overall production.
Training
EPS will retain its strong commitment to training and continue to hold regular introductory and advanced level courses in various aspects of petroleum engineering. These courses currently include:
- welltest analysis;
- production optimisation;
- gas reservoir engineering;
- hydraulic fracturing;
- production log analysis;
- core analysis.
Training is offered either in the company's custom-built training facilities or at client sites.
Full field management
The North Sea field management contract awarded to EPS last year has given the company a particular understanding of the management structures required for mature areas, where fit for purpose' technology and aggressive cost controls are the keys to the continued economic viability of such fields. Under this contract, EPS functions in all respects as an oil company, with full autonomy over development issues.
Summary
The continued growth of EPS will be underpinned by the company's commitment to service and product quality. We hope this newsletter will serve as a useful technical reference and provide clients with an insight into the company's activities.
For further information on EPS and it's activities please use the following link : EPS Information Enquiry
Or alternatively contact EPS at ;
Edinburgh Petroleum Services
Research Park
Riccarton
Edinburgh
EH14 4AP
UK
Telephone : 0131 449 4536
Fax : 0131 449 5123
Telex : 727363 EPS G