PRODECS: Software for Project Economic Analysis under Uncertainty

The BRU21 research project (financed by OKEA) on valuation of marginal fields has resulted in methods that can be extended and used throughout the whole industry. After identifying the commercial potential of this method developed by Dr. Semyon Fedorov and Professor Verena Hagspiel, this innovation project was transferred to NTNU Technology Transfer. It received funding for further development into a commercial product from OKEA and secured in-kind support from the Norwegian Petroleum Directorate. ProDecs is a part of the startup accelerator program KongsbergHOW.

The start-up received NTNU Discovery grant and has OKEA, NPD and AkerBP as development partners.

ProDecs at Nordic Innovation Fair