RiVA’s high-throughput private cloud architecture helps E&P teams process massive datasets faster while avoiding the cost volatility and performance limits of public cloud infrastructure.
GeoComputing Group, a leading provider of high-performance petro-technical solutions for the energy sector, has expanded its RiVA platform and private cloud offerings to exploration and production (E&P) companies in the Canadian marketplace, providing significant performance and cost advantages over traditional infrastructure and public cloud solutions.
GeoComputing’s launch into Canada is the third international expansion following operations in Australia and the United Kingdom.
Analysts estimate the Canadian oil and gas market at nearly US$40 billion with upstream operations capturing nearly three quarters of the market share. Forecast growth of the market is expected to reach US$46.24 billion by 2031.
GeoComputing’s new Stampede Program will support its expansion into Canada, helping upstream Canadian natural resource companies and service providers extract additional value from their operations. Through an in-depth understanding of the data, applications, workflows and infrastructure, the organization will maximize exploration and production activities for its partners.
With more than 200 petro-technical applications currently deployed, including applications from the O&G industry and natural resource service providers/proprietary solutions, the RiVA platform expedites E&P workflows to achieve faster results. Each application is tested, deployed and becomes part of the RiVA landscape, providing an optimal experience for the end user.
“The RiVA platform has improved efficiency for my team by allowing us to run workflows much faster,” said Lana Sharp, Manager Geoscience, Ovintiv. “As a result, we spend more time working with the data, leading to better interpretations and more informed decisions.”
“The global energy market is at an inflection point, requiring affordability, reliability, resilience and competitiveness unlike any other time in history,” said Jason Knusden, Nvidia. “Those operating in the Canadian E&P arena are likewise under such expectations. Having a solution like GeoComputing’s RiVA with the capabilities to support private cloud initiatives that control costs while improving performance is invaluable in today’s competitive environment. I believe the opportunities for implementation of RiVA will greatly benefit companies with their geological research and exploration activities by minimizing IT headaches and enabling their teams to focus more on their core competencies.”
“The demands placed upon oil and gas companies, especially when running their exploration and production workflows, are significant from both a technical and a financial perspective,” said John Creevan, CEO, GeoComputing. “Expanding the reach of RiVA to encompass those operating in Canada is a natural progression of our capabilities in helping organizations run these workflows as fast and efficiently as possible. Because RiVA significantly outperforms traditional infrastructure and public cloud solutions at a fraction of the cost, we are opening a whole new opportunity for companies and VARs operating within the energy sector to substantially improve margins while increasing their overall capabilities.”
