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What is Stochastic Reservoir Simulation?

Latest News

Annual General Meeting (FY15)

16 December 2015

The Stochastic Simulation Ltd Annual General Meeting was held on Friday 4 December 2015 at 4.30pm at the Company's new office on Hector St.

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Commercial Release of ResAssure Implemented in Australian E&P Company

15 December 2015

ResAssure's first commercial release was recently installed into a major Australian Oil and Gas company to model their key gas fields. This will allow them to model reservoir scenarios far more quickly, easily and cost effectively than previously possible. They can then pass the output directly into GasAssure, Stochastic Simulation's integrated asset modelling for gas planning solution, which integrates seamlessly with ResAssure.

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Notice of Annual General Meeting

11 November 2015

Notice is hereby given that the annual general meeting of shareholders of Stochastic Simulation Limited (“Company”) will be held at Unit 4, 97 Hector Street West, Osborne Park, Western Australia on Friday 4 December 2015 at 4.30pm (WST).

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China FTA: Tweaked 457 visas have their work cut out

30 October 2015

For Leo Mullins, the head of Perth-based oil and gas consultancy Stochastic Simulation, the changes made to the 457 visa program as part of the China free-trade agreement address an issue that no longer exists.

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Oil Deliverability Modelling and Production Forecasting

An OilAssure model predicts the performance of a group of oil and gas reservoirs connected to a pipeline system.

  • It is a specialist tool for oil deliverability modelling and production forecasting
  • Its principal application is in the modelling of integrated oil field developments
  • Additional application extends this to include the integrated development of multiple oil and gas fields
  • Models the oil production chain from reservoir to export point and, as such, is a "Reservoir to Tank Farm" model
  • Calculates field and reservoir production profiles using individual well profiles and a drilling sequence with facilities constraints
  • Creates tabular output, as well as displaying the results in graphical form using the OilAssure interactive plotting program

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