Product Optimisation Software

Founded upon methodology proven on a previously rapidly-in-decline Middle Eastern oilfield (where the decline curve was subsequently arrested and returned to positive territory), an ambitious, novel, creative yet methodical computerised approach was developed to enable a major operator to uncover nearly 1 billion boe hidden / barrier reserves throughout all of its many, diverse and varied European oil, gas and condensate fields.

This subject area has many unique methodologies and techniques. They have been proven on an extremely diverse range of assets and reservoirs which were in decline. Yet further, multiple fields can be assessed and handled all at the same time.

This unique software was developed to “stay on top” of all the data and complexities of such a wide-ranging subject which allows people to see the immediate benefits of such study and work as regards uncovering hidden / barrier / trapped hydrocarbons, the vast bulk of which, in many cases, are not booked as reserves as they are simply either not known about or, if they are, are assumed to be non-producible.

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The methodologies, logic, techniques and software also risks how modern technologies (which provide production up-lift solutions) and shows risk with respect to benefit which is necessary since, in some cases, asset managers might be uncomfortable in using technologies with which they have little or no or negative experience, and this might well preclude their use.

However, when the economic benefits are readily apparent (and this is now the situation in many cases due to high oil and gas prices) there are increasingly compelling arguments for learning how to use technology solutions properly and how to implement them, not just because asset profitability (and viability) is otherwise reduced but also because, if they are not used, significant amounts of oil and gas will simply be left in place.



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