PetroVR is a full business cycle development planning & simulation system for the oil and gas industry.
PetroVR is a full business cycle development planning and simulation system for the Oil and Gas Industry. It has a complete stochastic engine to enable optimization and the understanding of trade-offs between different development plans and scenarios. Users are able to generate multiple scenarios in order to properly evaluate and test a particular asset or field development plan. Once asset level teams are satisfied with their scenarios, this information is sent to Palantir’s PlanningSpace™ so that corporate teams are able to generate more options in order to understand which scenarios best meet overall corporate objectives.