Case Study: OMV improves E&P project maturation and decision-making with Quorum Software’s PetroVR

OMV Transforms Their Hydrocarbon Maturation Process with PetroVR

OMV, Austria's largest energy company, sought to improve the efficiency and quality of its Exploration & Production hydrocarbon maturation process. The company needed a solution to better connect its technical disciplines and integrate economic evaluation, all while enabling probabilistic analysis to account for project risks and uncertainties. To meet this challenge, OMV selected Quorum Software and its PetroVR solution.

By implementing Quorum's PetroVR, OMV gained a robust and scalable modeling solution that integrated natively with the vendor's cloud planning platform, Planning Space. The results provided development teams with greater consistency, the ability to transparently compare scenarios, and better account for risk through Monte Carlo functionality, allowing for more impactful investment choices and decision-making.

OMV

Gerald Antes

Senior Development Manager