Paradigm launches new cloud-based production management solution

World Oil/9 October 2017

SAN ANTONIO — Paradigm today unveiled Paradigm k, its new Production Management solution, in the company’s booth #3163, at the 2017 Society of Petroleum Engineers Annual Technical Conference and Exhibition in San Antonio. Paradigm k is a cloud-based, collaborative workflow for production and reservoir engineers to support field operations in maintenance and management of the well system.

The workflow applies fast and rigorous reservoir physics to real-time decision-making using advanced computational mathematics.  With advanced tools for surveillance, optimization and collaboration, it helps asset teams achieve an elevated level of situational awareness to meet field production targets and eliminate deferment.

“Paradigm k is the latest addition to our rapidly expanding offering of solutions for production management,” said Indy Chakrabarti, Paradigm’s senior vice president of Product Management. “The Paradigm k technology provides unprecedented speed and a holistic view of physical measurements and critical production performance metrics at the resolution of individual wells.  This helps detect production issues before they transpire, and enables truly proactive production management at the speed of today’s oilfield operations.”

News Source: World Oil