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Petrel economic screening tool

Petrel economic screening tool

Appraise development decisions across geological and engineering models by incorporating the power of economic analysis tools.

Petrel
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Overview

In today's challenging and high-cost E&P environment, it is more important than ever to consider economics in the earlier stages of field development planning. Traditionally, a few representative production profiles are used for economic analysis. However, these do not comprise the full scope of the changing development and production uncertainties.

To cross this chasm, Petrel™—through integration with Merak planning, risk, and reserve software—enables in-depth studies of subsurface and economic uncertainties that directly impact project feasibility.

Petrel Economic screening tool
Connect field development modeling to economic engines through the Petrel platform.
Applications

Build comprehensive studies

In the Petrel platform, you can build studies around a combination of subsurface, engineering, and economic considerations:

  • Reservoir volumetrics and connectivity
  • Well count, type, and reservoir management strategy
  • Rig usage and resource planning
  • Fiscal regimes, oil prices, and capital and operating expenses

In this, a truly unique and interconnected environment is established between the geoscience, engineering, and economic disciplines. This level of integration promotes synergy between the subsurface and commercial teams by valuing all information for better decisions.

Build comprehensive studies

In the Petrel platform, you can build studies around a combination of subsurface, engineering, and economic considerations:

In this, a truly unique and interconnected environment is established between the geoscience, engineering, and economic disciplines. This level of integration promotes synergy between the subsurface and commercial teams by valuing all information for better decisions.

Reservoir volumetrics and connectivity
Well count, type, and reservoir management strategy
Rig usage and resource planning
Fiscal regimes, oil prices, and capital and operating expenses
Benefits

Appraise development decisions across geological and engineering models by incorporating the power of economic analysis tools.

Petrel Economic screening tool
Use subsurface/development scenarios and production data to evaluate revenues, cash flow, and economic indicators.
Features
  • Use subsurface/development scenarios and production data to evaluate revenues, cash flow, and economic indicators.
  • Connect field development modeling to economic engines through the Petrel platform.
Training
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NExT Petrel training courses

NExT training courses address the unique needs of each learner. Our courses, led by distinguished experts in their fields, equip learners with the skills to address practical situations and resolve real-world challenges.

Petrel RE

Petrel reservoir engineering

A collaborative environment for reservoir

Advanced simulation, user-friendly tools, HPC integration, powerful analysis, and collaborative workflows.

Petrel

Petrel subsurface software

Enable discipline experts to work together and make the best possible decisions from exploration to production

Enable discipline experts to work together and make the best possible decisions from exploration to production.