Merak's Capital Planning Software Brings Global Portfolio Optimization to Peep User Base.HOUSTON--(BUSINESS WIRE)--Dec. 8, 1999-- A Powerful Risk Analysis and Optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. Tool to Complement Peep's International Roll-Up Capabilities Merak Projects, a business unit of GeoQuest -- a business segment of Schlumberger (NYSE NYSE See: New York Stock Exchange :SLB SLB Solomon Islands (ISO Country code) SLB Schlumberger Ltd. (oil field services firm) SLB Server Load Balancing SLB Sport Lisboa e Benfica (soccer) ) -- announces the addition of Capital Planning(TM) to its popular Value Management petroleum software product suite. Capital Planning brings high-performance decision analysis and international portfolio optimization capabilities to oil and gas professionals. It also effectively leverages data already captured by Merak products such as Peep(R) -- the most widely used petroleum economics software in the world. "Peep has been used by our multi-national client base to generate economic forecasts, model uncertainty, consolidate their worldwide assets and report on multiple countries to a corporate level for years," said Dave Mason, value management director with Merak. "The addition of Capital Planning will allow our clients to use this same data to examine other key business indicators such as production profiling, capital expenditure forecasting, and competitive portfolio evaluation. This will help companies fine-tune decisions while making the best use of their data, time and capital." Capital Planning is a decision support application used to select optimal oil and gas portfolios to develop and operate. By modeling existing and projected oil and gas properties using Merak Peep, Portfolio and Monte Carlo Monte Carlo (môNtā` kärlō`), town (1982 pop. 13,150), principality of Monaco, on the Mediterranean Sea and the French Riviera. functionality, the economics and uncertainties for entire portfolios can be calculated. Capital Planning decision makers choose a set of properties to consider, define business constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. such as capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. limits, line of credit constraints, contractual obligations, or working interests, and then choose an economic marker to optimize on. The optimizer searches for the best portfolio that satisfies all of the constraints. By using the Efficient Frontier Efficient Frontier A line created from the risk-reward graph, comprised of optimal portfolios. theory of investment, it allows companies to identify reward versus risk for their portfolios. The application also has rich data-mining, end-user reporting and capital plan comparison capabilities. About the Organization Founded in 1980, Merak is a market leader in upstream petroleum software solutions with offices in Calgary, Houston, Denver, Caracas, London and Perth. Merak develops and markets a wide variety of software applications, as well as related training and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" , for the Canadian, U.S., and international energy markets. More than 600 companies use Merak's software applications in over 30 countries. |
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