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Combining Energy Components and Pipe-It to increase value for upstream and midstream Oil & Gas customers

We are pleased to announce that Petrostreamz has been acquired by Tieto. Tieto Oil and Gas, is the global market leader within the area of Hydrocarbon Accounting (HCA) and Production Data Management (PDM) through its Energy Components (EC) software. EC is a complete end-to-end solution seamlessly integrating production management, allocation, reporting and HCA. EC is used globally, covering a wide range of different oil and gas operations within the upstream and midstream domains, with 500+ licenses been sold around the world.

Joining forces with Petrostreamz, Tieto is adding Pipe-It to its offering portfolio and stepping into the IAM domain. Further, by combining Pipe-It and EC for optimization, forecasting and decision support, Tieto is capable of providing integrated Hydrocarbon Management (HCM) solutions based on the data already available in EC.

Viking Venture invested in PetroStreamz in 2014.

Read the full press release on Tieto.com