More than 15 years of R&D to serve and improve the oil industry
The Company
Spin-off from MOMA, a leading Math & High-Performance Computer (HPC) Science R&D company.Strong internal R&D effort (15+ years), developing a unique technology adapted from other markets to the Oil & Gas Industry.
4 US Patents (inc. 1 pending)
SPE Publications, See Downloads
Numerous projects achieved worldwide.
Increasing marketing reach
Extending field applications
Embracing Digital Transformation
Reducing Carbon Footprint.
Capitalizing on 10 years of R&D in modeling and optimization, and adapting from other markets to the Oil&Gas Industry, FOROIL is founded to increase brown fields reserves.
Technology development allows playing up to 1 Million Forecast overnight.
The effectiveness of FOROIL technology is demonstrated by achieving a 20% production increase at San Francisco field, Colombia.
FOROIL filled its first US Patent which will be granted in 2015.
Accumulating experience, FOROIL has evaluated the recovery factor potentials of more than 500 reservoirs.
Implementation of Massive parallelization enables computation of up to 10 million forecast overnight.
Massive optimization is implemented on 5 continents.
Digital transformation is made available to the Subsurface.
FOROIL Technology is successfully applied on a large-scale polymer flooding project.
Forecast computation capability reaches a speed of 100 million of forecast overnight.
Massive Optimization is applied on a major WAG (Water Alternate Gas) oil field.