Challenge: The client, an operator in Indonesia, had a portfolio of over 77 hydrocarbon assets and sought an independent review of a substantial portion of their reserves portfolio. Solution: bMark™, a leading software solution for maximising reserves, was utilised to carry out reference class forecasting via analogue benchmarking, highlighting uplift potential from ongoing development of the fields. Leveraging bMark™ global...Read More
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
Asian Gas-Oil-Condensate Field Development Benchmarking & Analogue Review CASE STUDY BRIEF Overview , Client ChallengeThe client, after completion of a successful drilling campaign, was working towards submission of Final Investment Decision for an oil-gas-condensate discovery, offshore Asia. Fundamental questions on data assumptions, recovery factor prediction and development parameters required independent review to inform and validate....Read More
The fields in question form a cluster of seven mature offshore fields. First developed in the 1980’s the cluster was approaching the end of its current reserve life after producing over 1Bnbbl historically. The Joint Venture devised a redevelopment plan to significantly boost the recoveries from the Block and wished to sense-check their forecasts against...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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