Reduce Cost In Subsurface Projects Survive and Thrive In The Era Of Low Oil Price With Virtual Subsurface Team
Reduce Cost In Subsurface Projects Survive and Thrive In The Era Of Low Oil Price With Virtual Subsurface Team
Lower and predictable cost
Stay on time and on budget with fast and reliable results.
Client Satisfaction, Guaranteed
Every project we perform is backed by our history of excellence and unparalleled client service
Proprietary Software
We own a suite of proprietary software, allowing us to customize the workflow to fit your needs and not to fall victim to a software provider’s limitations
We know your struggles first hand
In the “new normal” era of low oil price, any decision to committing capitals for acquisition, field development/redevelopment, production optimization needs to be made with extra care. Under such circumstances, the importance of having a detailed and improved understanding of the reservoir is increasing not decreasing. Unlike supermajors, most of the newly established oil and gas companies have a lean organizational structure and high-levels of cost awareness in their daily operation. And the traditional operating model of maintaining an in-house and fully-staffed subsurface team is no longer an economically sensible option.
iRes-Geo’s “Virtual Subusface Team” model is designed to address these stiff challenges facing smaller oil and gas investor, oil companies and asset owners. It helps keep the cost low while still delivers a high level of expertise. This model is underpinned by the firm’s highly qualified subsurface team and the development of in-house proprietary software that matches the expensive commercial products in functionalities but only at a fraction of cost.
We know your struggles first hand
In the “new normal” era of low oil price, any decision to committing capitals for acquisition, field development/redevelopment, production optimization needs to be made with extra care. Under such circumstances, the importance of having a detailed and improved understanding of the reservoir is increasing not decreasing. Unlike supermajors, most of the newly established oil and gas companies have a lean organizational structure and high-levels of cost awareness in their daily operation. And the traditional operating model of maintaining an in-house and fully-staffed subsurface team is no longer an economically sensible option.
iRes-Geo’s “Virtual Subusface Team” model is designed to address these stiff challenges facing smaller oil and gas investor, oil companies and asset owners. It helps keep the cost low while still delivers a high level of expertise. This model is underpinned by the firm’s highly qualified subsurface team and the development of in-house proprietary software that matches the expensive commercial products in functionalities but only at a fraction of cost.
Services
Services
Fast Pre- & Post-bidding Reservoir Modelling & Simulation Reduce risk in aquisition/disposal of oil and gas assets
- License bidding support
- Screening and optimizing the asset portfolio
- Post-acquisition field evaluation and well planning under a tight drilling schedule
- Work programs and investment plans
Inspection & History Matching Of Problematic Reservoir Models Improve reservoir model for more accurate predictions
- Third-Party inspection of the challenging reservoir model
- Closed-loop™ with seismic data for model validation
- Manual history matching
- Assisted history matching
Fast Pre- & Post-bidding Reservoir Modelling & Simulation Reduce risk in aquisition/disposal of oil and gas assets
- License bidding support
- Screening and optimizing the asset portfolio
- Post-acquisition field evaluation and well planning under a tight drilling schedule
- Work programs and investment plans
Inspection & History Matching Of Problematic Reservoir Models Improve reservoir model for more accurate predictions
- Third-Party inspection of the challenging reservoir model
- Closed-loop™ with seismic data for model validation
- Manual history matching
- Assisted history matching
Seismic Quantitative Interpretation Services For Improved Reservoir Description Valiate the locations of the newly planned wells
- Complex stacked channels
- Facies probability cube
- Verify well placement and reservoir connectivity
Time-Lapse (4D) Seismic Training, Consulting & Service Monitoring the reservoir with state-of-the-art geophysical methods
- Qualitative 4D seismic interpretation
- Quantitative 4D seismic interpretation
- Training, consulting & services
Seismic Quantitative Interpretation Services For Improved Reservoir Description Valiate the locations of the newly planned wells
- Complex stacked channels
- Facies probability cube
- Verify well placement and reservoir connectivity
Time-Lapse (4D) Seismic Training, Consulting & Service Monitoring the reservoir with state-of-the-art geophysical methods
- Qualitative 4D seismic interpretation
- Quantitative 4D seismic interpretation
- Training, consulting & services
Featured Case Study: 2020 Nigerian Marginal Field Bid Round
In the latest Nigerian marginal field bid round, we were chosen by a reputed client in Nigeria as the technical partner to assist in the preparation of technical bidding documents. To do that, our team carried out the in-depth screening of several oil and gas reservoirs on offer. We delivered geomodels, fluid simulation, reserve estimation and economic analysis with the job for each field executed in parallel by different project teams at iRes-Geo. To develop a robust field development strategy, that are the key to meeting investment criteria and optimizing cashflow, we also performed the optimization of well locations and production scenarios. For one field, we managed to reprocess the post-stack seismic data. All the work was completed within only a few weeks between the date of data prying and the submission of the bid.
Featured Case Study: 2020 Nigerian Marginal Field Bid Round
In the latest Nigerian marginal field bid round, we were chosen by a reputed client in Nigeria as the technical partner to assist in the preparation of technical bidding documents. To do that, our team carried out the in-depth screening of several oil and gas reservoirs on offer. We delivered geomodels, fluid simulation, reserve estimation and economic analysis with the job for each field executed in parallel by different project teams at iRes-Geo. To develop a robust field development strategy, that are the key to meeting investment criteria and optimizing cashflow, we also performed the optimization of well locations and production scenarios. For one field, we managed to reprocess the post-stack seismic data. All the work was completed within only a few weeks between the date of data prying and the submission of the bid.
Featured Case Study: Assessment Of Reservoir Models For A Non-operated Partner
The client was a non-operated partner in a Joint Venture in the Middle East. The subsurface team of the operating partner found that it was difficult to match the reservoir model to historical water production rate and pressure data. The client speculated on the causes of the mismatch but was unsure which geological scenario was true. Meanwhile, the JV required all stakeholders to make important decisions regarding the locations of new wells and development strategy. In order to better understand the mismatch, iRes-Geo team built a new geomodel for the client using its own geomodeling software and applied Closed-Loop technology in an attempt to verify different geological scenarios against the seismic data. It has been recognized that horizon interpretation has large uncertainty with the reservoir thickness of being below seismic resolution. To improve the horizon interpretation, we applied stochastic inversion. Eventually, a reservoir model matched to production and seismic data was delivered to the client. The project led to a significant improvement in the understanding of the reservoir.
Featured Case Study: Assessment Of Reservoir Models For A Non-operated Partner
The client was a non-operated partner in a Joint Venture in the Middle East. The subsurface team of the operating partner found that it was difficult to match the reservoir model to historical water production rate and pressure data. The client speculated on the causes of the mismatch but was unsure which geological scenario was true. Meanwhile, the JV required all stakeholders to make important decisions regarding the locations of new wells and development strategy. In order to better understand the mismatch, iRes-Geo team built a new geomodel for the client using its own geomodeling software and applied Closed-Loop technology in an attempt to verify different geological scenarios against the seismic data. It has been recognized that horizon interpretation has large uncertainty with the reservoir thickness of being below seismic resolution. To improve the horizon interpretation, we applied stochastic inversion. Eventually, a reservoir model matched to production and seismic data was delivered to the client. The project led to a significant improvement in the understanding of the reservoir.
Featured Case Study: 4D Seismic Data Screening & Interpretation In The UKCS
The UK continental shelf (UKCS) is home to many mature fields previously owned by supermajors but now acquired by medium-to-small sized oil companies. In the North Sea, many commercial 4D seismic surveys were acquired to monitor reservoir performance. While the supermajors own multidisciplinary and in-house expertise for 4D seismic interpretation, it is often not the case for small companies. The client is a medium-sized oil company. As the successor in the asset deal, it lacked technical capability in 4D seismic. iRes-Geo was brought in to help carry out an inspection of the received 4D data and develop a robust 4D interpretation strategy. Our team completed a range of studies on the matters of 4D noise, rock physics and time-shift signals. Through knowledge and experience transfer, we helped the client build its own capability for 4D projects.
Featured Case Study: 4D Seismic Data Screening & Interpretation In The UKCS
The UK continental shelf (UKCS) is home to many mature fields previously owned by supermajors but now acquired by medium-to-small sized oil companies. In the North Sea, many commercial 4D seismic surveys were acquired to monitor reservoir performance. While the supermajors own multidisciplinary and in-house expertise for 4D seismic interpretation, it is often not the case for small companies. The client is a medium-sized oil company. As the successor in the asset deal, it lacked technical capability in 4D seismic. iRes-Geo was brought in to help carry out an inspection of the received 4D data and develop a robust 4D interpretation strategy. Our team completed a range of studies on the matters of 4D noise, rock physics and time-shift signals. Through knowledge and experience transfer, we helped the client build its own capability for 4D projects.
Recent Projects Since 2019
It’s easy to get started
STEP 1
2-hour free consultation
All we need to know is what you want to achieve and what data are available. Based on that we can prepare a project proposal.
STEP 2
Project proposal & signing agreement
If you are happy about our proposal in terms of cost, deliverables and turnaround times. We will sign the agreement.
STEP 3
Upload data to our data server
You upload the project data to our data server where our project teams subsequently upload the results for you to download.
STEP 4
Project execution & follow-up meetings
We will assign a project manager to each project who will work closely with the client during the project execution phase.
STEP 5
Result QC, Delivery & feedback
Our QC team of highly experienced professionals will carry out inspection of the results in the execution phase and before final delivery.
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