Aberdeen-based technology and IT consulting firm Analysis Logic has teamed up in a joint venture to help design and develop a new multi-functional screening tool which has the potential to save oil and gas companies considerable time and money.
The company has been appointed by international well engineering project management company Petrostars – also based in Aberdeen – to guide development of a new software package which will improve decision-making during the full lifecycle of any geotechnical project.
The new technology will be designed for engineers by engineers with experience of conventional and unconventional exploration and production (E&P), Carbon/Hydrogen Storage and Geothermal applications.
The initial stage of the project will take around six months to develop a software package which will offer companies wide benefits, including enabling well-log and rock test data to be screened properly for drilling, geotechnics, geomechanics and operating limits while doing away with the need for complex engineering tools. Low in cost and simple to use, it will be available for use by these and other disciplines and will provide a robust audit trail.
Analysis Logic was set up in 2014 by Managing Director Scott Petrie, who will be working with PetroStars chief operating officer Chris Ferrier and petrophysics expert Gerold Tischler.
Phil Bailey, Chief Executive of PetroStars, said: “Our new software will essentially bring the functionality that geoscientists and engineers need in an accessible contemporary form at a more reasonable price point than its competitors to suit the industry.
“In addition, for decision making apart from financial tools there is little in the way of having a light touch system for E&P & Energy managers to audit the data independently without excessive process and repetitive work.”
Bailey and Petrie first met in 1996, when they both worked for oil field services company Halliburton, their paths crossing several times over the years as they worked for a number of different companies in Aberdeen.
Petrie added: “With the downturn in oil and gas, Phil and I have each been following our entrepreneurial journeys. We have reconnected in the last year and feel that there are definite synergies with our respective businesses. Phil has built a strong well-engineering and geotechnical team to offer consulting services in oil and gas, as well as a range of other industries with PetroStars SRS, while creating their exploration and production operator venture, SPX, in Scotland.”
Meanwhile, Aberdeen-based OEM Group has recruited a new global business development manager as the company gears up for a significant period of growth in the UK and internationally.
The firm created the post for industry veteran Jim George to support ongoing operations in Europe and the Middle East. His career includes 13 years at VetcoGray in various procurement roles: eight years working in drilling waste management at Oil Tools Europe, and most recently as the UK supply chain manager at DOF Subsea.
The Angus Training Group – an employer led training provider for the engineering industry – has appointed Sam Greer as its new managing director following the retirement of Alan Swankie.
She joins the company from Fife’s Developing Young Workforce project – an initiative aimed at closing the gap between education and industry to help young people into employment – and previously held a number of business development and growth roles.
She said: “My vision is to embrace new technology within ATG to allow our apprentices to fully support the sector and apply the best possible working methods in their employers’ businesses. The last few years have been challenging for the Angus region due to the oil and gas downturn.
“Whilst this is still a significant market for our members, I believe this is the ideal time to diversify our offering to our members to ensure these companies have an agile and skilled workforce to diversify into new markets and growth sectors.”