Oil and Gas Reserves Assurance and Production and Distribution Optimisation Technologies

Stochastic Simulation has developed a revolutionary computer modelling technology for the oil and gas industry. The SRE (Stochastic Reservoir Engineering) cloud technology provides unprecedented reserves assurance information that can significantly reduce the risk of over and under-investment and in turn increase the return on investment (ROI) for oil and gas projects by between 5% and 15%.

Commercialisation Australia funding will be used for a Proof of Concept trial with a leading company to prove the commercial viability of this solution in the oil and gas industry.