E&P Software Toolbox = Increased Efficiency + Cost Savings

SPE has partnered with Petris Technology Inc. to bring the E&P Software Toolbox to SPE.org. Designed to give easy access to software applications that can help you and your employees be more productive, the E&P Software Toolbox contains many different types of tools so that you can choose the one that is appropriate for the task at hand.

E&P Software Toolbox is an Application Service Provider (ASP) offering online access to powerful engineering applications on a short-term or as-needed basis, anywhere in the world. An ASP offers significant savings over the comparable cost of purchasing and maintaining the software in-house. One E&P company estimates that for a particular reservoir engineering application, it saved over $325/hour of usage by taking advantage of an ASP. An ASP also makes it easy for staff in different locations to work with the same program and database.

E&P Software Toolbox provides a growing array of software to help engineers do their work and be more efficient:

• Geology, Geophysics and Petrophysics
• Reservoir Engineering and Simulation
• Drilling Engineering
• Completion and Production Engineering
• Process and Facilities Engineering
• Offshore Structural Engineering
• Project Management and Collaboration
• Marketing, Regulatory and Financial
• Knowledge Management

More than 50 different applications are currently available, and the number continues to grow.

Benefits of Using E&P Software Toolbox

• Gain access to an application for a short-term project without purchasing the software
• Opportunity to "try" software for its suitability to your situation before you commit to purchase
• Make a software application available to employees in many locations without having to install it on individual computers
• Shortened decision cycle for gaining access versus in-house purchase decisions
• Reduce in-house expenditures on software, hardware, maintenance, data storage, and customer support
• Eliminate need for large capital expenditures to purchase software
• Add applications or users as needed to meet changing business requirements.

A recent study by the U.S. Department of Commerce estimated that the cost of software licensing is only 30% of the total cost of ownership. The total cost of software ownership also includes maintenance fees, training, hardware, end-user support, and many less tangible costs. Use of software through an ASP can avoid these additional costs, resulting in savings of up to 70%.

Discover what other companies have already learned about reducing costs while still having the tools employees need.

Open the E&P Software Toolbox and see what it can do for you.

Customers with existing accounts