The latest IPRISK v 3.0 release

The latest IPRISK v 3.0 release (part of IPS 1.5) is now final and ready for download

The release includes a completely new decision tree module, updated and additional fiscal regimes, new statistical libraries, compatibility with Crystal Ball API, as well as a number of smaller bug-fixes and improvements for enhanced user experience. This release is the start of a series of exciting releases planned for 2012 and 2013, which is part of what we in IPRES refer to as the “Next generation of IPRISK”. The aim is to transform the user experience of the classic IPRISK product and allow the user to combine the current technology with decision tree functionality, project explorer (database) and much more.

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New Features Included in the IPRISK Field and Well Planning Tool.

• Aggregates and compares cash flows, revenues and costs for multiple projects
• Re-use of exploration and appraisal wells as producers later in the project
• Defines shared production facilities for multiple exploration prospects
• Models gas and water injection costs in more detail
• Takes advantage of reduced simulation time, less than a minute for an average project