{"id":61335,"date":"2020-07-13T10:00:51","date_gmt":"2020-07-13T14:00:51","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=61335"},"modified":"2020-07-12T14:36:36","modified_gmt":"2020-07-12T18:36:36","slug":"target-announces-release-of-revolutionary-meera-simulation-package","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/target-announces-release-of-revolutionary-meera-simulation-package\/","title":{"rendered":"TARGET Announces Release of Revolutionary MEERA Simulation Package"},"content":{"rendered":"<p>MUSCAT, Oman, July 13, 2020 (SEND2PRESS NEWSWIRE) &#8212; Target Energy Solutions (\u201cTarget\u201d), an International technology and services company, announces the official release of its MEERA simulation package. A revolutionary break-through that combines AI and numerical simulation models in one framework making it the first AI-Physics augmented reservoir simulator.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.send2press.com\/wire\/images\/20-0713-meera-technology-696x522.jpg\" alt=\"Meera Technology from Target\" width=\"696\" height=\"522\" class=\"alignnone size-full wp-image-61308\" srcset=\"https:\/\/www.send2press.com\/wire\/images\/20-0713-meera-technology-696x522.jpg 696w, https:\/\/www.send2press.com\/wire\/images\/20-0713-meera-technology-696x522-300x225.jpg 300w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><br \/>\nMEERA Simulator is a conventional 3D, 3-phase numerical reservoir simulator which guarantees mass conservation for all compositions within the reservoir and wells using flux conserved form of finite volume discretization for governing Navier-Stokes equations. The actual simulation is performed on a multi-scale grid with arbitrary up-scaled grid block properties.<\/p>\n<p>The AI\/ML Engine Is a multi-layer deep learning framework having fully connected networks in conjunction with various drop-out layers and coupled with enhanced LSTM based recurrent neural networks.<\/p>\n<p>&#8220;We are extremely proud to deliver to market this extraordinary intelligent reservoir simulator,&#8221; said Ali Al-Mujaini, TARGET CEO.<\/p>\n<p><strong>He noted a few benefits:<\/strong><\/p>\n<ul>\n<li>Stream new production data to update forecasts in a fraction of minutes<\/li>\n<li>Test alternative development scenarios in a fraction of hours rather than months with the minimum of staff needed<\/li>\n<li>Keep a clear view of where your additional development opportunities are located<\/li>\n<li>Redirecting development to the most prolific areas and increase and optimize the production from your developed assets and keep the revenue stream going<\/li>\n<li>No need for constantly updating geological models and cumbersome time-consuming history matching. Instead continue to use your original models, plug-in your new production data, and recalibrate the model and within a fraction of the time, new forecasts are produced<\/li>\n<li>Reduce the cycle time of decisions<\/li>\n<li>Reduce expensive overhead<\/li>\n<\/ul>\n<p>To learn more, please visit <a href=\"https:\/\/meerasimulation.com\/\">https:\/\/meerasimulation.com\/<\/a> or email at info@meerasimulation.com<\/p>\n<p><strong>About Target:<\/strong><\/p>\n<p>TARGET is an international technology and Services Company focused on delivering digital transformation solutions to data-driven industries. We work with a broad range of clients from policy makers, regulators, service providers and operators, to financial institutions and investors across a variety of industrial sectors. Whilst TARGET&#8217;s core business has its origins in the upstream oil and gas sector, our technology solutions are scalable, expandable and portable across other extractive industries.<\/p>\n<p>TARGET<br \/>\nBeach One Building, 6th floor, Office 609<br \/>\nP.O Box: 418, P.C: 118<br \/>\nSarooj, Muscat,<br \/>\nSultanate of Oman<br \/>\n+968 24649012<br \/>\ninfo@meerasimulation.com<\/p>\n<p>*LOGO link for media: <a href=\"https:\/\/www.Send2Press.com\/300dpi\/20-0713s2p-meera-logo-300dpi.jpg\">https:\/\/www.Send2Press.com\/300dpi\/20-0713s2p-meera-logo-300dpi.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUSCAT, Oman, July 13, 2020 (SEND2PRESS NEWSWIRE) &#8212; Target Energy Solutions (&#8220;Target&#8221;), an International technology and services company, announces the official release of its MEERA simulation package. A revolutionary breakthrough that combines AI and numerical simulation models in one framework making it the first AI-Physics augmented reservoir simulator.<\/p>\n","protected":false},"author":8345,"featured_media":61308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[167,622,1,559,6,5,142],"tags":[13803,13802],"class_list":["post-61335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy-news","category-artificial-intelligence","category-business-news","category-products-news","category-software-news","category-technology-news","category-world-news","tag-meera-simulation","tag-reservoir-simulator","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":4710,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/61335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/8345"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=61335"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/61335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/61308"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=61335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=61335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=61335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}