IPRESOURCE CASE STUDIES

IPRESOURCE Forecasting

Forecasts and Aggregation from single wells to Corporate Forecasts

• Stochastic production forecast models for individual fields: A, B, C etc.

  • Resource classes: Developed and Undeveloped Reserves
  • Fluids: Oil, Associated Gas, Free gas. Condensate and Water
  • Modeling of full uncertainty ranges and risksReserves, Rates, Production efficiency and time schedules for development and drilling operationsReserves, Rates, Production efficiency and time schedules for development and drilling operations

• Stochastic aggregation of field results to Region and Corporate Levels

  • True Expected Reserves and Production Forecast with Uncertainty P0 to P100.
  • Low and High (P10/P90) and expected (Mean) ResultsReserves, Production Forecast and TimeResults per fluid and and facility; per Field, Area, Region and at Corporate level

• Stochastic Field Gas Production Forecast and Region Remaining Oil Reserves:

  • Stochastically Aggregated compared to Arithmetic Summation