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The Financial Impact of Modeling

29 June 2024

Cost: $5,000.00 - $25,000.00

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Description of Service

When entering the field development phase, to do it properly, the 3D modeling is extremely valuable. Modeling is constantly adding an exploratory angle to development, telling you where the next well should be drilled.

But even when buying and selling assets, accurately calculating reserves that are still in place, as well as what’s required to extract it, helps you determine true value.

If you need to know not only the reserves in place, but also what has been produced, we can do a full field study to see what’s left. We will run streamline simulations to come up with drainage regions that will allow us to make “new pay” determinations.

New pay is bypassed pay that has been flagged in the NULOOK petrophysical process, but has not been perforated, and has not been drained by any offset well. To find it, though, you must create a 3D model and run streamline simulations on all the wells around it.

This process allows us to provide recommendations such as workovers and new drill locations, assuming the found reserves are adequate enough for production.

What You Will Get From Purchasing This Professional Service. Deliverables

The Financial Impact of Modeling.

Duration To Complete Service. How Long Before Service Is Completed

1-3 weeks

About NUTECH

The intel gathered and shared by our unique, integrated process and one-of-a-kind team of experts informs the entire life cycle of an asset. Having analyzed nearly 100,000 wells for more than 500 clients in every major play in the world, no one can provide a clearer picture of an asset’s value.

A privately-owned, comprehensive global oilfield services company, NuTech was founded in 1998 by ex-Schlumberger and Numar/Halliburton executives who pioneered Nuclear Magnetic Resonance research and development.

Skills and Expertise

Upstream Oil & Gas
Sales, Marketing, Business Development Core Analysis Production Operations Services Finance Geomechanics Reservoir Completions Drilling Geology Geophysics Petrophysics Simulation Well Testing Coiled Tubing Log Analysis Formation Evaluation Enhanced Oil Recovery (EOR) Hydraulic Fracking Artificial Lift Wireline Data Mud logging Project Management