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SGS and Blue River Analytics Enter into a Cooperation Agreement to Offer Consultancy and Data Analytics for Oil & Gas Production Optimization and Asset Valuation

June 09, 2020

Data analytics will be integrated with SGS’s current upstream consultancy service offering, focused on production optimization, asset valuation and asset integrity.

By working together, SGS and Blue River Analytics will bring enhanced services that extract maximum value from client data. The Blue River team’s Spotfire software applications (including the market leading Energy Analytics Workbench® valuation and production forecasting solution) combined with the extensive oil and gas reservoir, and well and facilities experience of the SGS upstream team, can work jointly, either remotely or in-house, with energy companies to resolve challenges in production optimization and asset valuation.

The agreement enables tailor-made workflows and fit for purpose Spotfire dashboards to be developed and applied, such as:

  • Optimizing and assuring oil and gas production
  • Conducting swift asset valuations and reserves audits
  • Enhancing waterflooding and gas lift performance

With these combined services, data analytics forms the cornerstone to facilitate better decision making, improved efficiency, reduced risks and increased productivity in a safe and sustainable manner for clients’ assets.

“We are very pleased to establish this partnership with Blue River Analytics," said Alim Saidov, Executive Vice President, Oil, Gas & Chemicals at SGS. "It will enable SGS to support its customers in their digital transformation by providing them big data analytics tools and upstream consultancy support, to effectively streamline their processes. This will bring considerable added value to our existing and potential new clients as they will be able to increasingly rely on us to maximize the performance of their assets.”

“With the explosion of business-critical data, E&P companies rely on Blue River to create a competitive advantage by deploying advanced analytics tools and asset valuation software across their business”, said John Buckley, CEO and founder of Blue River Analytics. “As the energy industry continues to realize the tremendous untapped value of its data, our customers and partners will recognize the benefits and capabilities of tying Blue River’s leading applications together with SGS’s upstream consultancy to drive workflow automation that increases efficiency and profitability”.

For further information, please contact:

Ivo Vos
Manager BD & Sales, OGC Subsurface Consultancy
t: +31 (0)88 214 7960

About SGS

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 94,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world.

About Blue River Analytics

Blue River Analytics is the leading upstream oil and gas analytics company focused on delivering software applications, consulting services and Spotfire oil and gas training. For over six years, leading oil and gas operators have relied on Blue River to help them develop and deploy advanced analytics and automated workflows. We bring energy data to life. Learn more at www.blueriveranalytics.com

  • SGS Headquarters

1 Place des Alpes,

P.O. Box 2152 1211,

Geneva Switzerland