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| Pertmaster Helps Bring Venture's New Oil Field on Stream Pertmaster has revealed that UK oil and gas production company Venture Production plc used Pertmaster software to help it bring the Goosander oil field project into production in the North Sea – almost four weeks ahead of schedule and just under budget. Goosander is expected to deliver some 10.000 barrels of oil equivalent per day (gross) from a recoverable reserve estimated at 15.2 million barrels. A sub-sea tieback within the Greater Kittiwake Area, it is a relatively large example of this type of extraction method. Its size made it a technically and logistically complex project and included the manufacture, tow and sea-bed installation of the world's longest moveable structure; a 7.5km long bundle of flow lines and control systems. Using Pertmaster, Venture's project management team was able to add a risk dimension to plans built in its Primavera P3 scheduling solution. Venture then analysed the schedule-risk of multiple scenario options to look at the most probable outcomes of each, in terms of both timescales and costs. This enabled the best options to be highlighted when considered from both likelihood of risk occurrence and degree of impact and enabled management to take well-informed decisions. Following its positive experiences of using Pertmaster for the Goosander project, Venture Production has decided to adopt the software as its enterprise standard for project risk management. write your comments about the article :: © 2006 Computing News :: home page |