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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.
Since 2004, this independent O&G operator has recorded well data electronically, with daily numbers uploaded in minutes to foremen and engineers. As result, it reduced the time to create daily reports by 33% -- cutting two days off its monthly regulatory reporting cycle -- and increased production by identifying/correcting problems months earlier.
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.
At this global energy company, the Market Intelligence team – which supports procurement decisions totaling $13.5 billion annually – cut in half the number of source locations that analysts must access to gather information and reduced by 50% the time required to generate reports/charts for decision makers.Learn more about our client’s successes
This Danish energy firm makes expert use of an IHS tool to meet tight deadlines for project bids -- eliminating the need for hundreds of hours of manual cost-estimation and saving 75% of the time required to ramp up an outside contractor -- while giving decision makers confidence in the estimates’ proven accuracy.Learn more about our client’s successes
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