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Determine Optimum Well Spacing
Answer the question “How many wells do I need to optimally produce this field?” by comparing and evaluating a wide range of development scenarios based on both recovery and profitability indicators. Test the sensitivity of results to uncertainty in various reservoir and economic input parameters.
Schedule On-stream Dates for New Wells
Determine when new wells need to come on-stream to maintain a predetermined maximum field production rate. Use the analytical reservoir model to predict new well performance, accounting for depletion and well placement.
Optimize Surface Capacity
Determine the most efficient usage of gathering system facilities in a “green field” development. Run multiple scenarios using different maximum field rates to find the most profitable results.
Evaluate Optimum Fracture Spacing in Horizontal Wells
Generate production and cash-flow forecasts for different complex completions, including multi-laterals and multi-stage fractures.
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A top engineering firm helps clients reduce the uncertainty of O&G drilling projects while accelerating decisions for a competitive edge. It condensed scenario run time by 50-80%, lowered client project costs through better planning, reduced its own costs by improving consultant efficiency, and strengthened accountability with visibility into cost estimates.
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