Quantify and substantiate your strategic decisions quickly, with Ingen’s approach to Risk And Value Engineering (RAVE™)
Quantify and substantiate your strategic decisions quickly, with Ingen’s approach to Risk And Value Engineering (RAVE™). Integrating models of all the key areas for a field development study, our proprietary software RAVE™ incorporates a full pressure network solution including constraints on deliverability.
The optimisation algorithm maximises point-by-point production and value, including gas-lift optimisation, all within the resource constraints imposed at the facility. The model allows thousands of simulations to be run to test all the options, risks and parameters; over the complete life-of-field.
Without performing any detailed engineering, you can identify the optimum value and identify the primary risks on a project or business model. The method enables effective collaborative problem solving across all disciplines, as well as rapid identification and ranking of alternative investment options.
RAVE™ can also be used with our Carbon Balance programme to calculate the carbon footprint of system components from project initiation to abandonment.