MUSCAT, Oman, Jul 13, 2020 (SEND2PRESS NEWSWIRE) — Target Energy Solutions (“Target”), an International technology and services company, announces the official release of its MEERA simulation package. A revolutionary breakthrough that combines AI and numerical simulation models in one framework making it the first AI-Physics augmented reservoir simulator.
MEERA Simulator is a conventional 3D, 3-phase numerical reservoir simulator which guarantees mass conservation for all compositions within the reservoir and wells using flux conserved form of finite volume discretization for governing Navier-Stokes equations. The actual simulation is performed on a multi-scale grid with arbitrary up-scaled grid block properties.
The AI/ML Engine is a multi-layer deep learning framework having fully connected networks in conjunction with various drop-out layers and coupled with enhanced LSTM based recurrent neural networks.
“We are extremely proud to deliver to market this extraordinary intelligent reservoir simulator,” said Ali Al-Mujaini, TARGET CEO.
He noted a few benefits:
* Stream new production data to update forecasts in a fraction of minutes
* Test alternative development scenarios in a fraction of hours rather than months with the minimum of staff needed
* Keep a clear view of where your additional development opportunities are located
* Redirecting development to the most prolific areas and increase and optimize the production from your developed assets and keep the revenue stream going
* No need for constantly updating geological models and cumbersome time-consuming history matching. Instead continue to use your original models, plug-in your new production data, and recalibrate the model and within a fraction of the time, new forecasts are produced
* Reduce the cycle time of decisions
* Reduce expensive overhead
To learn more, please visit https://meerasimulation.com/ or email at firstname.lastname@example.org
TARGET is an international technology and Services Company focused on delivering digital transformation solutions to data-driven industries. We work with a broad range of clients from policy makers, regulators, service providers and operators, to financial institutions and investors across a variety of industrial sectors. Whilst TARGET’s core business has its origins in the upstream oil and gas sector, our technology solutions are scalable, expandable and portable across other extractive industries.
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News Source: Target Energy Solutions
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