Data Analytics
Improve efficiency and reduce costs by leveraging existing simulation data to achieve the fastest physics-driven production forecasts.
We apply analytics and AI to physics-based data for achieving type well matching, optimization in well spacing and timing, as well as maximizing asset valuation and production performance.
Save Time
AI-based analytics reduces data-intensive input, and quickly estimates the upside value of undeveloped drilling locations using a physics-based approach.
Scale Effectively
Producers can run sensitivities on thousands of wells in minutes for field development optimization with high accuracy.
Improve Economics
Facilitates well density studies and capital deployment evaluation to maximize new well economics.
Real Results
In 2006, California Resources Corporation (CRC) acquired the 35Z section of the Midway-Sunset reservoir, located 20 miles (32 km) southwest of Bakersfield, California. The reservoir contains heavy (13-16° API), viscous (450-1125 cp) oil in dipping sand package. Read more about the Bakersfield Thermal Project.
- Quantify recovery from field development options to screen thermal processes and determine optimal well pattern
- Well spacing optimization improved project economics
- Identified CSS as the best recovery process for short-term development
- Determined crestal steamflooding to be superior for long-term development, rather than pattern steamflooding
- Estimated $10M to $15M USD saved during years 1 to 5. 185x cost/benefit ratio for simulation project
CMOST
Intelligent Optimization & Analysis Tool
CMOST™ leverages cutting-edge statistical analysis, machine learning, and impartial data interpretation to pinpoint the optimal reservoir and operations solution. By harnessing the robust capabilities of sensitivity analysis, history matching, optimization, uncertainty assessment, and engineering expertise, organizations can enhance an asset’s recovery and maximize Net Present Value (NPV).
- Probabilistic Forecasting
- Robust Optimization
- Proxy Modelling
SHALE IQ
Data Analytics for Shale Assets
- Significant Time Savings
- Scalable
- Reporting
- Financial Assessment
