Knowledge Reservoir announced a realignment and strengthening of its business structure and service offering to enable the company to more aggressively pursue several key market initiatives.
The company announced that it is dividing its business lines into a series of consulting practices:
The Reservoir Management business is refocused into four practices: Deepwater; Improved Recovery and Field Redevelopment; Unconventional Resources; and Reserves and Mergers / Acquisitions. Each of these practices will be led by an experienced Practice Director.
Knowledge Reservoir has extensive reservoir modeling and reserves experience on individual field projects and basin-wide studies in deepwater, including the Gulf of Mexico, Brazil and West Africa. The company has a long list of clients representing a broad range of experience in offshore and onshore basins worldwide, and has been involved in various stages and work scopes on many IOR and CO2 projects around the world.
Knowledge Reservoir also continues to grow its Surface Systems business along two practices: Flow Assurance and Pipeline Systems Engineering.
The Knowledge Management business stream will be developed in three areas: the ReservoirKB deepwater knowledge base; Knowledge Base Products; and Knowledge Management Consulting, including Data Management Solutions, an area in which the company is seeing considerable growth opportunities.
Commenting on the announcement, Dr. Ivor R. Ellul, President and CEO of Knowledge Reservoir, stated, "Knowledge Reservoir is excited about the new opportunities that we believe will be opening up for us in 2010 and beyond, and we have a clear objective to capitalize on these as they present themselves in each practice area around the world."
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