Emerson acquires Norway’s Yggdrasil
Emerson Process Management has acquired the Norwegian company Yggdrasil, a provider of flow assurance and production optimization software. According to Emerson, the company will incorporate Yggdrasil’s METTE production optimization solution into Roxar reservoir management software portfolio, enabling operators to continuously monitor production and forecast future reservoir performance.
“This integration will help our customers align their modeling, uncertainty quantification and simulation data with production; optimize their field development and production plans; and increase oil and gas recovery in today’s challenging environment,” said Kjetil Fagervik, managing director of Emerson’s Roxar Software Solutions. “With this acquisition, Emerson is widening our software portfolio to ensure better decisions and better asset returns.”
METTE, an integrated flow assurance and production modeling solution, provides operators with flow performance calculations for wells and flow lines, integrated field modeling for life of field simulation and optimization, and virtual metering for the allocation of production to wells.