Computer Modelling, Shell sign multiyear software deal

Executive Summary

• Computer Modelling Group Ltd. (CMG) has signed a global, multi-year software licensing agreement with Shell for its suite of simulation solutions.
• The agreement centers on CoFlow, CMG's integrated production system modelling (IPSM) platform, marking its transition from a joint research initiative to a full commercial product.
• The deal validates the technical excellence of CoFlow and aims to help Shell optimize operations and enhance decision-making for complex, capital-intensive assets.

Key Details

• Counterparty: Shell.
• Agreement Type: Global, multi-year software licensing agreement.
• Product Scope: CMG’s suite of simulation solutions, specifically highlighting CoFlow.
• Product Description: CoFlow is described as the industry's first enterprise solution integrating reservoir and production simulation workflows. It is an IPSM platform built to unify reservoir and production domains in a single collaborative environment.
• Strategic Context: The agreement culminates a long-term development relationship spanning more than a decade. It marks the commercialization of CoFlow, which was previously a joint research initiative.
• Value Proposition: The integration allows customers to enhance decision-making, optimize operations, and drive efficiency across global portfolios by connecting subsurface and surface models dynamically.
• Key Features of CoFlow:
  • Unified asset model with intelligent synchronization between reservoir and production systems.
  • Collaborative environment providing real-time data consistency for geoscientists and engineers.
  • Operational efficiency by eliminating manual data transfers and custom workflows.
  • Informed decision-making through capture of short- and long-term production interactions.
  • Engineer-first design simplifying complex workflows.

Notable Quotes

• "Our partnership with Shell reflects years of scientific innovation and deep trust built between our teams," said Pramod Jain, chief executive officer of CMG. "This agreement validates the technical excellence and strategic importance of CoFlow and reaffirms the value of our broader simulation software suite. We are excited to enter this next phase of collaboration with Shell, helping them achieve their objectives in developing complex, capital-intensive assets."