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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.
One of the world’s largest oilfield service providers enhanced the forecasting accuracy of its oil rig count model from 90 to 97.6 percent, predicted the impact of price changes on customer spending and demand for product lines (by leveraging 3,500 factors) and created a model that predicted the deflation of WTI crude oil prices in late 2014.Learn More About Our Customers Success
One of the world’s largest energy companies – a Fortune 100 leader in global oil, gas and chemical markets – turned a potential business disruption into a new opportunity to drive efficiency and innovation by providing 9,000+ worldwide employees with easy access to a major catalog publication via a single online platform.Learn More About Our Customers Success
One of the world’s largest oilfield services providers reduced uncertainty about parts obsolescence and replacement availability by providing its employees with real-time access to data for 25,000+ parts and eliminating delays to part change notices. The company also ensured compliance with latest REACH, RoHS and Export regulations.Learn more about our client’s successes
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