Using our IP Suite of tools the entire work process, including data handling and simulation within one fully integrated model, is rapidly and easily implemented. This enables you to identify at an early stage the most important risks from all the specialist disciplines involved.
The IP Suite consists of two main modules: IPRISK for Field development and Well planning and IPRESOURCE for Resource management, reporting and Forecasting.
IPRISK promotes better and faster decision-making for key investment projects as well as reliable production prognosis and serves as a communication platform between the technical disciplines and management.
Field/Asset Development Planning
- Green fields
- Brown fields
- Area development
- Data room reviews
- Production wells
- Injection wells
- Single branch wells
- Multi branch wells
- Well campaigns
IPRESOURCE is designed to store and retrieve current as well as historical data on production, reserves, contingent reserves, prospective resources, CAPEX and OPEX.
IPRESOURCE follows international audit standards.
Resource reporting and forecasting
- Corporate system in compilance to SEC, SPE – PRMS
- Volumes, CAPEX and OPEX
- Reserves and resource reporting; Internal and external reporting to financial and governmental bodies
- Monitoring of corporate project portfolio wrt reserve developments
- Quality control of data input and results
- Stochastic forecasting tool for business planning and reporting