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

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
iRes-Geo Subsurface, Reservoir Engineering, Geomodeling, and Geophysics Consultants

30 SUBSURFACE DOMAIN EXPERTS, 100+ PROJRECTS, 28 SATISFIED CLIENTS

IRes-Geo and its associated companies have amassed substantial experience in the provision of consultancy services to major clients in the worldwide E&P industry for a wide range of studies. We have established back offices in the UK and China to tap into the low-cost subsurface talent pools in the both countries:

iRes-Geo Subsurface, Reservoir Engineering, Geomodeling, and Geophysics Consultants

30 SUBSURFACE DOMAIN EXPERTS, 100+ PROJRECTS, 28 SATISFIED CLIENTS

IRes-Geo and its associated companies have amassed substantial experience in the provision of consultancy services to major clients in the worldwide E&P industry for a wide range of studies. We have established back offices in the UK and China to tap into the low-cost subsurface talent pools in the both countries:

CONTACT US No, problem! Let's talk the ideas out over the phone

+44 (0) 7547 135886

contact@iresgeotech.com

Rory is a specialist in field development optimization & the development of integrated solutions that maximise the recovery of oil & gas fields. He has 23 years’ global oil industry experience. Rory studied reservoir engineering at Aberdeen University & holds a BSc (Hons) in Geology with Oceanography from the University of Southampton.
Rory is a specialist in field development optimization & the development of integrated solutions that maximise the recovery of oil & gas fields. He has 23 years’ global oil industry experience.Rory studied reservoir engineering at Aberdeen University & holds a BSc (Hons) in Geology with Oceanography from the University of Southampton.

CONTACT US No, problem! Let's talk the ideas out over the phone

+44 (0) 7547 135886

Rory is a Petroleum Engineer specialising in field development optimization & the development of integrated solutions that maximise the recovery of oil & gas fields. He has 23 years’ global oil industry experience. Rory studied reservoir engineering at Aberdeen University & holds a BSc (Hons) in Geology with Oceanography from the University of Southampton.
Rory is a Petroleum Engineer specialising in field development optimization & the development of integrated solutions that maximise the recovery of oil & gas fields. He has 23 years’ global oil industry experience.Rory studied reservoir engineering at Aberdeen University & holds a BSc (Hons) in Geology with Oceanography from the University of Southampton.
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Lower and predictable cost

By leveraging our project team in multiple countries, we can continually deliver quality results at very competitive prices.

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Client Satisfaction, Guaranteed

Every project we perform is backed by our history of excellence and unparalleled client service

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Proprietary Software

iRes-Geo has developed a suite of proprietary geomodelling and reservoir simulation tools, saving you big on Software Cost!