RAPT ASSESSMENT SOFTWARE
It was concluded that the niche for the management software is in the $1.5 billion range.
The company has since pre-quantified its entire 2006 drilling program using statistical techniques and will be able to analyze post-drill results in 2007. The RAPT program was purchased by Crawfish Petroleum in 2005. The second year is spent drilling, and the third The first year is spent planning a drill program and establishing pre-drill parameters. The RAPT module was developed to perform post-drill risk analysis, and requires a 3 year process. The RAPT module fits into a fifth suite which is designed to do benchmarking and lookbacks. The esi.execute suite was released in June and supplies a collaborative workspace that interfaces with different systems and extracts data to highlight bottlenecks. The esi.produce suites are currently being programmed. The upstream process software is divided into the following 4 core suites: (1) esi.inventory (2) esi.product (3) esi.execute and (4) esi.produce. 6-item tool was named Risk Assessment and Prediction Tool (RAPT) and generates a score from 1 to 12 with a lower score indicative of higher risks for needing inpatient rehabilitation after. The complete inter-operable package will ultimately consist of 7 suites of software. The RAPT was developed and tested on a population of Australian patients undergoing joint replacement, but its validity in other populations is unknown. The package integrates budget planning, program tracking and reserves management, and is capable of measuring key performance goals and targets in real-time. Designed by 3esi, the RAPT system is one in a package of specialty oil and gas management modules. RAPT is the first commercial, real-time project management tool for the upstream oil and gas industry. The Risk Analysis and Portfolio Tracking (RAPT) system is a software program that allows managers to review the results of their exploration program in a scientific manner.
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