Value creation and safe operations

SPT Group is the leader in modelling for the oil and gas industry. With more than 280 highly skilled professionals worldwide, SPT Group deliver advanced software and consulting services to help our customers solve multiphase flow and reservoir engineering challenges. 

Solutions

Customer supported innovation and research has been at our core for more than 30 years. SPT Group has, over this long period, successfully transformed R&D into software solutions and consulting services that deliver trusted insight and real impact.

We focus our solutions in two critical areas for the upstream oil and gas industry: flow assurance and reservoir engineering. We aim to be the obvious choice for customers in these areas.

Products

We have the leading dynamic and steady state flow simulators covering drilling, wells, pipelines, and complex gas fields.

Our dynamic multiphase simulation software, OLGA, is the most trusted flow simulation software. PIPEFLO, Drillbench, WELLFLO, OLGA Online, and FORGAS complete the range of SPT Group’s unique simulation tools. MEPO is our reservoir optimisation software. MEPO integrates the tools used in common work processes and automates tasks using advanced methodologies to deliver better and quicker results.

“The Snøhvit field would not have been realised without the results from OLGA. The complexity of transporting unprocessed gas/condensate 140 km to shore through multiphase transportation was essential for the viability of the project.” Terje Overvik, former Executive Vice President, Head of Exploration & Production, Statoil

We support our customers from fourteen global locations

Headquartered in Oslo, Norway, SPT Group has offices and subsidiaries in 14 different locations worldwide. All our locations offer a high level of support, training, service and sales to secure an on-going relationship with our customers and partners.

History

The company was established in 1989, focused on the development of the multiphase simulator OLGA. The development started in 1980 with IFE and Sintef, and the first version was ready in 1984. In 1989 Scandpower received the responsibility to commercialize the simulator, and the first commercial release was ready in 1991.

Since then OLGA has become the dominant transient multiphase simulator in the market. To bring OLGA's capabilities to online production, edpm was developed. Drillbench and MEPO complete the range of successful products.

Ownership

On April 26, 2012, Schlumberger completed the acquisition of SPT Group.

SPT Group will remain a separate entity fully owned by Schlumberger.

Neotec

In February 2010, SPT Group acquired 100% of the shares of the Calgary-based company, Neotechnology Consultants Ltd. (Neotec). The company supplies fluid flow modelling software, expertise, and education to our clients, through the products WELLFLO, PIPEFLO and FORGAS.

From July 2011, Neotec is a fully integrated part of SPT Group, hereby known as SPT Group Canada Limited.

Timeline

CO2 VIP Joint Industry Project
OLGA 7 is released
MEPO 4 is released
MEPO 3Dviz is released
MEPO FORWARD II joint industry project is launched

Scandpower Petroleum Technology becomes SPT Group
MEPO 3 and OLGA 5 are released
In June 2006, SPT Group is acquired by the investment fund Altor. In order to realize the long-term potential for the company, a strategic solution in securing a financial investor was deemed the preferred course of action. Current owners are Altor, Cubera AS, Pipeflow Invest, and the employees.