partnership

SBC has been chosen to perform private placement for "RD Simulation" project

May 12, 2014Prague, Czech Republic
private placementVROil & Gasprivate equity

Prague, Czech Republic — SBC will leverage its expertise in Private Equity to help "RD Simulation" identify institutional investors.

The "RD Simulation" initiative was developed by Evgeny Ryzhov, a former Project Manager at Norwegian StatOil. He spearheaded an internal effort to improve efficiency of operator training with immersive virtual reality technology. When oil prices declined, StatOil discontinued the program as part of cost reduction measures. However, Ryzhov and his team remain committed to the technology, recognizing its potential applications across multiple sectors beyond Oil & Gas, including mining and refining operations.

The consulting firm created a short promotional video documenting the project.