FAST-TRACK FIELD EVALUATION & NOTIONAL FIELD DEVELOPMENT PLANNING SERVICE
Help derisk your farm-in and farm-out decision and make your asset investment ready!
CHALLENGES
- The Easy Oil is Gone! More oil and gas are being produced from mature and complex reservoirs today than ever. The potential economic return of the investment in the fields with these types of reservoirs does not only depend on how much oil they contain but also on how they will be developed.
- The traditional “beer dart” approach whereby a multi-million dollars investment decision is made based on the unverified information of Competent Person Report (CPR) is costing oil and gas investors millions of dollars.
RESERVOIR MODELLING & SIMULATION BASED APPROACH FOR VERIFYING RESERVES AND PRODUCTION FORECASTS
SOLUTIONS
iRes-Geo’s flagship “Fast-track Reservoir Modelling & Notional FDP service” can provide the most accurate possible pre-transactional insight of the potential investment return of an oil and gas asset within a quick turnaround time and at a very competitive price.
The scope of work includes, but is not limited to:
- Data room support
- Inspection of the existing data and interpretation
- Verifying the estimated reserves in CPR using reservoir models
- Well planning and fast optimization of the placement of the wells
- Propose optimal production strategy
- Economic analysis
- Facilities
THROUGH COORDINATION OF OUR GLOBAL EXPERT TEAM, WE ARE ABLE TO DELIVER FAST-TRACK FDP WITHIN JUST A FEW WEEKS
APPLICATIONS:
- Field farm-in and Farm-out advisory services including fields with complex and mature reservoirs
- Support during competitive technical bidding processes
- Asset portfolio optimization
- 3rd-party reservoir model review
BENEFITS:
- Validate the conclusions in the CPR reports against the simulation model
- Reduce uncertainty for estimated reserves and economics
- Enhance insight into the actual reservoir performance
- Have a robust field development plan in place prior to the bid submission
- More informed decision-making
- Highly competitive technical bid
- Quickly reach the baseline model and well plan after the transaction
- More informed divestment decision-making
Lower and predictable cost
By leveraging our project team in multiple countries, we can continually deliver quality results at very competitive prices.
Client Satisfaction, Guaranteed
Every project we perform is backed by our history of excellence and unparalleled client service
Proprietary Software
iRes-Geo has developed a suite of proprietary geomodelling and reservoir simulation tools, saving you big on Software Cost!