Quantitative Seismic Reservoir Modeling – Optimizing Field Development Value through Early and Continuous Data Integration

Field development costs continue to face tremendous downward pressure. Value preservation in a lowprice environment requires optimum placement of a minimum number of development wells that safely produce the maximum possible amount hydrocarbon resources. To achieve this ambitious goal, all relevant data need to be integrated earlier and faster to provide a solid basis for a realistic base case reservoir model to underpin the field development plan and to sketch out low and high case scenarios to ensure plan robustness and capture possible upside.