Integrated solution to cut time required for field development planning by up to 50%
HOUSTON and LONDON, June 29, 2023 – SLB (NYSE: SLB) and Quorum Software (Quorum) have introduced a joint digital planning solution, which leverages Quorum’s Planning Space business planning and petroleum economics offering within the FDPlan™ agile field development planning solution from SLB.
The integrated solution enables automatic evaluation of project economics and enhances collaboration to cut the time required for field development planning by up to 50%. This allows customers to analyze a broader range of development scenarios and make better global investment decisions, faster.
“Quorum and SLB have released a powerful evaluation and planning solution for improving asset selection and development decisions,” comments Trygve Randen, senior vice president of digital products and solutions, SLB. “With subsurface and petroleum economics connected, customers can quickly assess their global asset portfolio to prioritize their development projects, lowering costs, maximizing returns, and significantly reducing time to value through streamlined field development planning processes.”
