SOURCE: Palisade


September 19, 2011 21:00 ET

Risk Analysis Solution Leader Palisade Corporation Offers Risk Seminar for Oil and Gas in Jakarta

No-Charge Event Follows Industry SPE Meeting, Addresses Key Industry Risks

SYDNEY, AUSTRALIA--(Marketwire - Sep 19, 2011) - Palisade Corporation, the market-leading developer of risk and decision analysis software, will present a new, half-day seminar on the strategic and practical uses of risk and decision analysis for the oil and gas industry. The event will be held at Hotel Nikko in Jakarta on September 23, immediately following the 2011 Society of Petroleum Engineers Asia Pacific Oil & Gas Conference.

This important event will address topics critical to the oil and gas industry in Indonesia and Southeast Asia including reserves estimation, production forecasting, demand forecasting, pricing, and plant sizing. The session will be led by Palisade expert Mark Meurisse, a seasoned risk analyst with more than fifteen years of experience in energy and other sectors. Discussions will include the use of Monte Carlo simulation and other powerful techniques. With Monte Carlo simulation, you can examine thousands of different scenarios at once. The result of a Monte Carlo analysis tells you the probability of different events occurring, as well as the impact of those events.

In the increasingly volatile global economy, planning for risk is more important than ever for energy sector companies. For this reason, the event is being offered free of charge to all interested professionals. According to Randy Heffernan, vice president, Palisade, "It is very important to us that we educate as many people as possible on the use of these powerful techniques. Particularly in Indonesia and Southeast Asia, planning for high risk, high reward projects is a mission-critical business function, and with a little training and the right tools, it can be done quickly and effectively." Interested parties should go to to register, call +61 2 9252 5922, or email

Palisade Corporation is a global expert in quantitative risk analysis. The company's best known products are @RISK and DecisionTools Suite line of risk analysis and decision support software that adds-in to Microsoft Excel. Palisade's Asia-Pacific headquarters are in Sydney, Australia.

Palisade has experienced an increase in demand for @RISK and the DecisionTools Suite in Southeast Asia in recent years, particularly in the energy sector. Major oil and gas companies in Indonesia, Thailand, and Malaysia are adopting Palisade software solutions. In addition, many university MBA programs are turning to the DecisionTools Suite software to teach the next generation of petroleum leaders how to perform risk analysis.

Headquartered in Ithaca, New York, USA, Palisade was founded in 1984, and also maintains offices in Tokyo, Japan, London, England and Rio de Janeiro, Brazil.

Contact Information

  • To contact Palisade Asia-Pacific:

    Suite 404, L4,
    20 Loftus Street
    Sydney NSW 2000

    Tel: +61 2 9252 5922
    Email: Email Contact