TARGET releases MEERA simulation package

AdobeStock 166583998TARGET, an international technology and services company, has announced the official release of its MEERA simulation package

The company claims MEERA simulation is a revolutionary break-through that combines AI and numerical simulation models in one framework, making it the first AI-Physics augmented reservoir simulator.

The MEERA simulator is a conventional 3D, 3-phase numerical reservoir simulator that ensures mass conservation for all compositions within the reservoir and wells by using flux-conserved form of finite volume discretion for Navier-Stokes equations. The actual simulation is performed on a multi-scale grid with arbitrary upscale grid block properties.

The AI/ML Engine is a multi-layer deep learning framework having fully connected networks in conjunction with various drop-out layers and coupled with enhanced LSTM based recurrent neural networks.

“We are extremely proud to deliver to market this extraordinary intelligent reservoir simulator,” said Ali Al Mujaini, TARGET CEO.

With this simulation, the clients can now produce;

-Better alignment between development and operation plans and provide stable and auditable cash flow predictions to their shareholders.

- Up-to-date and reliable remaining hydrocarbon maps to optimise infill drilling locations between FDP cycles.

-Better optimisation of development strategies by running numerous scenarios in minutes.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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