Challenges Addressed
- Preliminary reserves estimation using innovative exploration technology
- Probabilistic reserves and production profile forecast (P10, P50, P90)
- License areas ranking by investment attractiveness
- Technical and economic feasibility
- Cartographic support of exploration stages, including structural framework modeling based on seismic analysis or exploration drilling results
- Selection of production method, operating mode, and design of optimal well location
- Well performance modeling: IPR/VLP, inflow profile calculation, selection of ESPs, gas lift, and natural flow
- Analysis of geological structure, 2D/3D visualization of reservoirs and formations
- Creation of 3D geological and hydrodynamic models
- Economic evaluation of different development scenarios
Effects
- Narrowing down Investment risks
- E&P investments optimization
- Effective data acquisition of initial geological information on the explored area, including identification of tectonic structures and formations
- Investments risks reduction
- Oil recovery factor increase
- Ability to perform multi-scenario analysis and select the optimal strategy
- More accurate forecasting of production rates and production launch timelines