New software application for integrated value and risk assessment of oil-and-gas projects

Practical tool for
Geoscientists
Reservoir engineers
Economists
Decision makers
Typical tasks
  • Reserves and resources estimation. Reliable basis for PRMS categorization (1P-2P-3P, 1C-2C-3C or 1U-2U-3U)
  • Project risk evaluation. Detection and quantification of implicit risks
  • Aggregation of units (reservoirs, fields, prospects, etc.) with a robust statistical tool
  • MEFS (Minimum Economic Field Size) estimation for various economic conditions
  • Production forecast and tentative development planning (oil and natural gas projects)
  • Project Economics. Probabilistic analysis (using all income and cost variables) in different fiscal environments
  • Data value assessment (e.g. value vs. cost for new wells, seismic surveys, facilities, etc.)
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