Subsurface Service

Field Development & Prospectivity Studies

Oil and gas exploration and exploitation require a large amount of economic resources in onshore and offshore environments, albeit offshore environment requires more resources than onshore. Field Development and Prospectivity Studies have the main objective of maximizing the revenue from a given investment.

Scenarios with the greatest median (P50), Net Present Value(NPV) and lowest spread between P10 and P90 NPV are usually selected. Economical evaluation is complicated because there are so many variables to be considered in the study and decision making process.

We understand that in the exploitation of a hydrocarbon field, the process of identifying the concepts technically feasible and associated to the best economical performance is a critical success factor.

In today’s Exploration and Production identifying viable assets has become very challenging hence the need for very experienced teams and advanced technologies available in the industry to make informed economically viable decisions. Our team in conjunction with our technical partners, provides this service efficiently and cost effectively to our esteemed clients.

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Economic Evaluation of Assets & Petroleum Economics

We assist operators make well informed decisions by using deterministic models and other petroleum economic models to analyze the profitability of petroleum projects.

Stochastic modeling tools are used in evaluating the risk features of projects.

Economic principles underlying petroleum fiscal system and design are incorporated into an in-depth study of the economics of new projects, resulting in better decision making, effective capital budgeting and incremental economics.

Monte Carlo simulation of E & P project economics and profitability is often used in these studies.