ITPS Releases a New Version of AVIST Oil&Gas

The ITPS Group of Companies announced the release of a new version of their in-house development — AVIST Oil&Gas integration platform (version 2.5). The platform is designed for oil and gas production companies focused on the digitalization of production and implementation of digital twins of fields. AVIST Oil&Gas considerably simplifies the processes of implementation and operation of integrated models, providing the required adequacy of the field's digital twin for solving operational and strategic tasks: selection of the optimal technological mode of well operation, consideration of limitations and risk factors, selection and management of production measures, assessment of measures efficiency, goal setting and monitoring. The solution is included in the Unified Register of Russian software programs for electronic computers and databases of the Ministry of Communications of the Russian Federation.

The new version of AVIST Oil&Gas has advanced collaboration functionality for production and simulation specialists:

• Creating and updating component models and integrated Petex models based on master data and uploaded data. The automated process of integrated models’ updating reduces time and labor costs by 2-4 times.
• Maintaining a catalog of models of any vendor allows storing, accounting, and calculating all in one place, which significantly simplifies the process of managing the available data in the company. This substantially expands and facilitates the work of a joint team of modelers and specialists involved in production management processes that do not have specific competencies in working with the applied software.
• Extended calculations management capabilities using centralized and distributed local resources. The users can manage and control all calculations for all integrated models in the asset and see extra analytics that would typically be time-consuming to collect from simulation systems.
• New functions of the local user and centralized model synchronization increase the efficiency of specialists' teamwork and allow to quickly share data with the team and work together to resolve production tasks and find managerial decisions faster—ability to work with data and applications in a single-window mode.

The new AVIST Oil&Gas functionality makes it possible to solve the tasks of Production Management Centers/Integrated Operations Centers to verify the quality of digital twins of oil and gas fields faster. The ITPS Group is ready to provide the distribution package of the new version of the system upon request and advise on issues related to the implementation and use of this tool. The consultations are available by filling out a form on the ITPS website. 

"The continuous development of the AVIST Oil&Gas platform is driven by our ongoing work with companies in the oil and gas sector. Our task is to build up and expand our industry expertise, convert the accumulated knowledge into new functionality, and generate ideas to help companies reach a new technological level of asset management. The experience we have gained can be reproduced in any industry, where the economics of production is influenced by many disparate factors, managing which the company can achieve tangible benefits. We intend to develop our solution further, giving our customers more and more new levers for effective enterprise management," said Leonid Tikhomirov, CEO of the ITPS Group of Companies.

The development of AVIST Oil&Gas started in 2014. It was necessitated by a production need that arose during a major overseas project. The tools available at that time did not satisfy the functional requirements. As a result, it was decided to create a new specialized tool that could automate creating and updating models, perform multivariate calculations, aggregate data flows, work in synergy with all the tools used in the field. Today, the solution includes four software modules that provide integrated modeling, capacity management, integrated planning, and real-time event and incident management functionality.