Reading time: 1 min. Brief: Our Client required a model to enable #forecasting of #field recoveries from planned #redevelopment. ☑ • Belltree #Advisory team developed fully history matched material balance model for two complex #onshore water-flooded fields.✔• #bMark™ Recovery Factor (RF%) benchmarking assessed if recoveries from the material balance models were reasonable vs analogues ✔• Ultimately, Results were found to be on trend with a number...Read More
Explorers Case Study
Technical assurance given at Final Investment Decision
Greenfield oil development offshore Mexico; 1500MMstb in place
bMark™ helped identify twelve (12) key producing analogues, in the Gulf of Mexico.
Data analytics & benchmarking performed on the reservoir data. Production profiles, recovery factor forecasts & development plan supporting the FID case
Insights supported the FID mid-case plan & forecasts, whilst also provided guidance on areas for further modelling & sensitivity analysis.
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