Palantir Launches Entry Level Petroleum Economics Solution

Sep 12, 2013, 11:01 ET from Palantir Solutions

LONDON, September 12, 2013 /PRNewswire/ --

Palantir Solutions today releases its new spread sheet-based platform for petroleum economics and fiscal modelling; PalantirCASH Lite. The latest tool in the Palantir software range has been designed for petroleum economists and analysts and will enable them to effectively conduct comprehensive and flexible economic analysis, quickly evaluating single projects and entire portfolios alike.  

The commercial release of PalantirCASH Lite marks the entry into the market of a solution that bridges the gap between the use of Microsoft Excel® spread sheets and larger, costly enterprise-wide solutions. Users of the tool can now conduct comprehensive economic analysis using existing trusted spread sheet models whilst adding data management, consolidation and corporate roll-up ability.

Kirk Hanes, Senior Vice President at Palantir said of the new product; "Our new tool, PalantirCASH Lite, revolutionises the way smaller E&P businesses manage their fiscal models and economic evaluations by offering enhanced functionality and extensive data management. With this latest Palantir software release, additional economic functionality as well as fiscal modelling and data management of existing spread sheets is now available to all."

By offering portable and sharable models, standardisation, easy deployment and enhanced data management, the new software provides a solution to some of the common challenges experienced by petroleum economists when modelling, editing and sharing the data they use every day. Partner, Henry Hawkins adds; "The popular spread sheet modelling environment is retained so that companies can use either their existing in-house models or Palantir's library of models. Deploying these models in PalantirCASH Lite overcomes a host of common issues around data management, model ownership, standardisation and consolidation. Data is separated from calculations, existing Excel models can be integrated, corporate roll-ups can be maintained and incremental and EMV calculations produced."

Palantir Solutions is the leading, global provider of integrated, dynamic planning software and services to the upstream oil and gas industry.  The addition of PalantirCASH Lite to its range of solutions delivers an entry level solution for fast, accurate and repeatable fiscal modelling and economic evaluation.

About Palantir Solutions:

Palantir Solutions is a leading, global provider of integrated, dynamic planning software and services to the upstream oil and gas industry.  Palantir's range of solutions and consulting services transform business planning by connecting technologies, functions and processes across the enterprise to enable faster decision-making based on trusted data.

Notes to Editors:
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SOURCE Palantir Solutions