SOLV is an engineering consultancy and software developer
based in the United Kingdom. It provides flow measurement engineering and
consultancy services for fiscal, allocation, and process flow
in upstream oil and gas production, pipelines, transportation, downstream
refining, and power generation.SOLV’s experience stems from North Sea oil and gas, fiscal,
and allocation flow
measurement, which is subject to stringent regulation by the
UK Department of
Environment and Climate Change, the Norwegian Petroleum Directorate,
accurate estimates of uncertainty around the measurement of oil and gas output
to enable global oil and gas organizations to manage exposure to
accuracy of oil and gas allocation to multiple partner organizations, working
in oil fields with
shared interest throughout the world.
Oracle Crystal Ball to perform Monte Carlo
simulations to more accurately measure
the uncertainty around oil and gas flow measurement and calculate the probability that
measurements and allocations of
oil to individual partners are correct.
- Saved one oil and gas client US$550 million by providing
better risk estimates with the help of
Oracle Crystal Ball.
Crystal Ball enables us to use Monte Carlo simulation to estimate allocation
in oil and gas flows and advise oil and gas clients on minimizing
– Martin Basil, Senior Flow Measurement Consultant,
Read complete customer snapshot here.