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 database and analytics helped highlight areas of the portfolio with significant remaining potential in order to internally allocate resources to maximise company-wide profits.
Several development metrics (RF, well count and peak rates) across the whole portfolio were highlighted, creating a consistent and data driven base for comparison.
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