Software Provider, Consulting Firm Partner to Provide More Effective Risk Analysis for Oil and Gas Industry
Visage Information Solutions Inc., a visual analytics software provider for the oil and gas industry, and Rose & Associates LLP, a leading exploration and production (E&P) risk analysis consulting firm, have formed a partnership that will marry Visage big data analytics with sage industry risk assessment methodologies.
Visage products and services benefit from Rose & Associates (R&A) breadth of experience as a thought leader in E&P risk analysis, extending the software’s global and domestic market reach. R&A will leverage the analysis capabilities offered by Visage to compliment course materials and ultimately enable clients to more easily complete risk analysis methodologies.
“More than 10 years ago, I participated in an R&A course and remember it being one of the most insightful courses I’ve ever taken,” said Bertrand Groulx, president of Visage. “It shaped my understanding of probabilistic methodologies and eventually influenced how we designed Visage. We look forward to working with R&A and advancing Visage to better meet clients’ risk analysis needs.”
The collaboration with R&A will see Visage capabilities exposed to more clients through R&A courses and consulting engagements. The experience and insight offered by R&A will help fuel Visage innovation and further position Visage and its products in the oil and gas industry.
“When we first saw Visage in action we were thrilled to see software that was advocating the analysis techniques that we teach to our clients,” said Gary Citron, managing partner at R&A. “The speed at which Visage can analyze plays, develop type curves and slice and dice cumulative probability distributions will be a valuable asset to any of our clients undertaking proper risk analysis, particularly on unconventional plays.”