How did a mid-tier Operator leverage data to swiftly Uncover Remaining Potential?

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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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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