In today's challenging and high-cost E&P environment, it is more important than ever to consider economics in the earlier stages of field development planning. Traditionally, a few representative production profiles are used for economic analysis. However, these do not comprise the full scope of the changing development and production uncertainties.
To cross this chasm, Petrel—through integration with Merak planning, risk, and reserve software—enables in-depth studies of subsurface and economic uncertainties that directly impact project feasibility.
Build comprehensive studies
In the Petrel platform, you can build studies around a combination of subsurface, engineering, and economic considerations:
- Reservoir volumetrics and connectivity
- Well count, type, and reservoir management strategy
- Rig usage and resource planning
- Fiscal regimes, oil prices, and capital and operating expenses
In this, a truly unique and interconnected environment is established between the geoscience, engineering, and economic disciplines. This level of integration promotes synergy between the subsurface and commercial teams by valuing all information for better decisions.