Caesar Systems and Decision Frameworks Announce Alliance to Provide
Decision Services to Upstream Oil and Gas Industry
Alliance Enables Both Companies to Deliver Specialized Training
Courses and Consulting to Improve Decision Making with PetroVR(R)
Software
HOUSTON (Business Wire EON/PRWEB ) December 16, 2008 --
Caesar
Systems (www.caesarsystems.com)
and Decision
Frameworks (www.decisionframeworks.com)
have announced a strategic alliance to provide education, training and
consulting services to improve decision making in the upstream oil and
gas industry using the PetroVR
Toolsuite from Caesar Systems and DTrio decision analysis
workflow software from Decision Frameworks. The alliance enables both
companies to deliver specialized training courses and consulting that
improve informed decision making for licensees of PetroVR® (Petroleum
Ventures and Risks) software.
Both Caesar Systems and Decision Frameworks are headquartered in Houston
and focus on improving decision quality across the oil and gas industry.
Caesar Systems provides an integrative business simulation capability
for oilfield development planning based on the Petroleum Ventures and
Risk suite of applications. Decision Frameworks builds practical
decision analysis skills via unique interactive, training, consulting
and software.
Decision Frameworks and Caesar Systems announce the Frame N’ Go With
PetroVR Workshop and Project Jumpstart With PetroVR Workshop.
The Frame N’ Go With PetroVR Workshop provides an overview of project
planning principles, followed by hands-on work sessions in which
attendees evaluate different development plan options for a variety of
projects ranging from offshore deepwater to unconventional gas. This
workshop will be offered to the public April 6-8, 2009 and Nov. 16-18,
2009 and interested participants can enroll at http://www.decisionframeworks.com/courses.
The Project Jumpstart With PetroVR Workshop allows a specific project
team to learn decision analysis principles and actually set up and
evaluate their own field development plan, while learning to use the
toolsuite in real time. This Workshop can be arranged to be run in-house
based your project team’s schedule.
“Our commitment to expand professional staff, coupled with new strategic
alliances with well regarded firms such as Decision Frameworks,
positions Caesar Systems to deliver integrative solutions faster and on
a broader scale,” said Victor Koosh, chief executive officer of Caesar
Systems.
Koosh explained that the alliance between Caesar Systems and Decision
Frameworks is especially relevant in a business environment where
exploration and production (E&P) scenarios are becoming more complex
with greater risks, higher costs and tightening global credit investment
markets. Knowledge transfer to the “next wave” of oil and gas decision
makers is becoming crucial to E&P success.
“We are very excited,” commented Ellen Coopersmith, president of
Decision Frameworks. “Our unique training programs and tools complement
Caesar Systems’ solutions very well. We see this alliance as an elegant
opportunity to deliver lasting skill to PetroVR licensees. With the
combined tool suite and our training expertise, we are better able to
help petro-technical professionals understand the exploration and
development decisions they face and more quickly and properly evaluate
them – accounting for risk and uncertainty.”
“There has long been an industry gap in the access and usability of
field development evaluation workflow tools and software. This training
and tool set addresses that gap,” Coopersmith added. “From the
licensee’s perspective, the added skill of learning to set up field
development problems clearly, before jumping into the analysis, ensures
more efficient, insightful and powerful use of PetroVR for their
evaluations.”
About PetroVR
Caesar Systems introduced Petroleum Ventures and Risk (PetroVR®)
software in 1997 and is positioning the PetroVR Toolsuite to become the
industry standard for integrative development planning of hydrocarbon
opportunities worldwide. It is the only fully-integrated software suite
available for upstream development planning that supports risk and
uncertainty modeling and encompasses the entire opportunity lifecycle,
from sub-surface reservoir to surface infrastructure to economics.
Caesar Systems has implemented PetroVR software and solutions within
leading oil and gas companies such as Apache, BHP Billiton, BP, Chevron,
ConocoPhillips, Murphy Oil, PDO, PFC Energy, Pioneer Natural Resources,
Shell, Sonatrach, Total, TransMeridian and others.
About Caesar Systems
Headquartered in Houston, Texas, Caesar Systems provides an integrative
business simulation capability for development planning to the upstream
oil and gas industry based on the PetroVR suite of applications.
PetroVR-based business simulation encompasses the entire hydrocarbon
opportunity lifecycle, and helps E & P managers prioritize projects,
increase staff efficiency, visualize the interdependencies of risk and
value drivers, see trade-offs and consequences of their decisions, and
be confident about the chosen options.
Caesar Systems is led by an experienced team of oil and gas
professionals, who develop, market, implement and support the PetroVR
Toolsuite for oil and gas clients worldwide. The company maintains
offices in Houston, Texas; Buenos Aires, Argentina; and The Hague,
Netherlands. For more information about Caesar Systems or PetroVR
software and services, please contact Victor Koosh, chief executive
officer, at 281/598-8805.
About Decision Frameworks
Decision Frameworks is a unique decision analysis training, consulting,
and software firm founded by Ellen Coopersmith in 1999, a Petroleum
Engineer by degree with over fifteen years' experience training and
applying the practical use of decision analysis across the energy
industry. Joined by a talented group of partners skilled in engineering,
business economics and software development, the firm provides practical
decision making skills and tools to the energy, pharmaceutical, and
other business industries. Decision Frameworks focus is on:
-
The rapid conversion of decision analysis knowledge into professional
workflow and practice.
-
The fostering of Quality Decision Making (QDM) throughout
organizations.
-
The development of foundational tools and technologies to support
Decision Analysis and corporate QDM.
Headquartered in Houston, Texas, Decision Frameworks also has offices in
Calgary, Canada; Washington, D.C.; and Frankfurt, Germany. Current
business offerings include: Enabling Tools, Project Consulting, and
Practical Workshops. For more information about Decision Frameworks
courses, services and tools, please contact Jeremy Walker, director of
business development, at 713/647-9736.
Release Summary:
Caesar Systems and Decision Frameworks announce a strategic alliance
that enables both companies to deliver training and consulting to
improve decision making in the upstream oil and gas industry with
PetroVR software
Keyword Tags:
caesar systems, decision frameworks, petrovr
See the original story at: http://eon.businesswire.com/releases/caesar_systems/decision_frameworks/prweb1763284.htm
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