Glex and ProDecs to collaborate on portfolio optimisation

Glex is excited to announce a new partnership with ProDecs AS to bring their innovative economic evaluation technology for asset and portfolio analysis to Glex Energy.

The intention of the collaboration is to integrate the two systems so that ProDecs can employ input data from the Glex Energy databases. For Glex users, this will add advanced uncertainty-based economic evaluation features to leverage the rich set of contextualised data already present in the Glex Energy portfolio integration platform. For ProDecs users it will provide integration with Glex's fully featured platform for portfolio management as an alternative to stand-alone use.

The two systems complement each other to deliver a broad suite of technical and economic evaluation features for full value-chain hydrocarbon asset portfolio analysis. Future technology development for portfolio optimisation will benefit all users.

The companies will also explore opportunities to develop their technologies together towards other relevant sectors, including Carbon Storage.

'This collaboration will give our customers ready access to cutting-edge technology for economic screening and risk analysis of their asset and portfolio opportunities. Working closely with these experts, with strong connections to the research environment at NTNU, gives me the confidence that we will deliver powerful and reliable solutions for our present and future users', noted Glex CEO, Andrew McCann.

'By connecting our advanced economic assessment technology with Glex’s rich, integrated data environment, users will be able to evaluate complex portfolios and business cases in a seamless and largely automated way. We see this as an excellent opportunity to demonstrate the full potential of ProDecs’ solutions and, together with Glex, continue developing cutting-edge decision support tools in close dialogue with end users.’ Verena Hagspiel-Janssen, CEO of ProDecs.


Contact Glex:

Andrew McCann (CEO) +47 415 07 726

andrew.mccann@glex.no

 

Contact ProDecs AS:

Verena Hagspiel-Janssen (CEO) +47 918 97 783

verena.hagspiel@prodecs.no