EVEREST: open-source platform for decision making under uncertainties
EVEREST™ is an open-source platform for assisting asset engineers in devising optimal field development and reservoir management strategies. Using a computationally efficient stochastic gradient approach, it facilitates the use of optimization in a wide variety of real-life large-scale problems. Moreover, EVEREST is particularly conceived to enable the optimization of decisions in the presence of geological uncertainties.
Transforming uncertainty into opportunity
With EVEREST, we don't just react to the unexpected; we anticipate it. EVEREST equips Asset Engineers and Decision Makers with forward-thinking insights, empowering them to tackle today's challenges while preparing for tomorrow's unknowns. In EVEREST, uncertainty quantification becomes an integral part of the optimization process from day one. By including known unknowns in an ensemble of model realizations, EVEREST significantly increases your chances of success. EVEREST equips you to find decision alternatives that are robust against variability and risks, all without compromising computational efficiency. We transform uncertainty from a challenge into an opportunity for more informed, future-proof decision making.
A new way of working
The EVEREST way of working accelerates your strategy design process and empowers engineers, geoscientists and asset managers to analyze solutions they might otherwise overlook. Our cutting-edge optimization techniques augment your analytical capabilities, allowing professionals to explore and evaluate a wide range of decision alternatives with unprecedented speed and accuracy. By harnessing the power of numerical optimization and High Performance Computing, we help you:
- Save time and avoid costly mistakes.
- Dedicate more effort to interpreting and communicating insights.
- Reduce turnaround time for field development planning from months to weeks.
When model updates or key assumptions change, you can easily repeat the optimization process with minimal effort – a stark contrast to the time-consuming traditional approach.
Open-source, collaborative and robust software
Our open-source software is more than a tool; it's a cost-effective, robust framework for future-proofing asset management. By harnessing the intelligence of advanced optimization algorithms, EVEREST assists you in delivering optimal decision-making under uncertain conditions while maximizing asset potential. This innovation builds on decades of experience in optimizing high-quality forecasting for Equinor and partners in the Energy industry.
Tailored to your needs: flexible and powerful
In the complex world of large-scale applications, every decision problem is unique. While EVEREST excels at handling common field development decisions like well placement and drilling order, our true strength lies in our flexibility. Our modular structure allows you to introduce new optimization variables, addressing the specific challenges of your target asset. This adaptability extends to model integration – whether you’re working with different reservoir simulators, multi-physics tools, analytical models, or proxy surrogates, EVEREST seamlessly integrates into your existing workflows.