Human nature often leads us to feel comfortable with familiar routines and established practices, especially in managerial roles where risk aversion can dominate decision-making. This tendency, while providing a sense of security, can inadvertently blind managers to significant opportunities for growth and improvement. By adhering too closely to traditional methods and relying heavily on historical...Read More
This week in our #TrendOfTheWeek, we delve into the relationship between field maturity and field size, utilizing data from the bMark Global Database which has been aggregated at a regional level. Field maturity, represented on the y-axis, is determined by the cumulative production relative to the ultimate reserves of a field. This analysis offers valuable...Read More
In the dynamic landscape of oil and gas development, there is a constant pursuit for better ways to do things. It’s not just about drilling wells and extracting resources anymore, but it is about doing it smarter, more efficiently, and with greater care for the environment. One of the best methods for this is something...Read More
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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