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Keywords: scenario
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Proceedings Papers

Paper presented at the SPE/IAEE Hydrocarbon Economics and Evaluation Symposium, May 17–18, 2016
Paper Number: SPE-179974-MS
... Program cost reduction resource play Scenario Introduction Oil and Gas drilling targets, particularly onshore North American drilling targets, have changed dramatically in the last twenty years; now, "Unconventional" wells are conventional, and "Conventional" wells have become somewhat exotic...
Proceedings Papers

Paper presented at the SPE/IAEE Hydrocarbon Economics and Evaluation Symposium, May 17–18, 2016
Paper Number: SPE-179971-MS
... & Gas strategic approach metric economic indicator strategic goal holistic value approach capital IRR Scenario Introduction Given an unlimited budget and no urgency to make a quick profit, the economic indicators that tell a true story of value are the ones most commonly used – net...
Proceedings Papers

Paper presented at the SPE/IAEE Hydrocarbon Economics and Evaluation Symposium, May 17–18, 2016
Paper Number: SPE-179968-MS
... of interaction and data reconciliation. Economic scenarios were only appraised at a high level of granularity, reducing the ability to factor in economic metrics at the individual well or projects level, as part of the selection of the best possible portfolio. At the same time, existing systems were turning all...
Proceedings Papers

Paper presented at the SPE/IAEE Hydrocarbon Economics and Evaluation Symposium, May 17–18, 2016
Paper Number: SPE-179969-MS
... portfolio management models to rapidly explore strategic scenarios in an effort to answer strategic issues. The examples illustrate how portfolio functions including optimization, uncertainty analysis and integrated financials have allowed some companies to efficiently plan in these volatile times...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169854-MS
...’ and ‘no carry’ scenarios were constructed, and evaluated using seven economic indicators. We observed that the existence of ‘carry’ does not affect overall project viability, but, in most cases, it reduces contractor value. Furthermore, we found that ‘carry’ skews project risk towards the contractor...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169844-MS
... are simply to select the best projects from a portfolio of opportunities to maximize the return on investment, while being able to effectively communicate the details of how the different scenarios were created to provide confidence in the decision to invest. This paper describes a case study in which one...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169821-MS
... fracture length completion option production history case study Upstream Oil & Gas Reservoir Description completion cost profitability completion workflow proppant drillstem/well testing Proc fracture half-length conductivity Scenario drillstem testing fracture model forecast...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169868-MS
.... portfolio optimization constraint inventory decision support system Upstream Oil & Gas metric objective asset and portfolio management investment assessment consideration operational risk Scenario probability society of petroleum engineers Portfolio analysis selection allocation...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, September 24–25, 2012
Paper Number: SPE-161831-MS
... the price behavior in the next 20 years. Different scenarios were examined out of which "Economic-Scenario" was found to be the best suitable predictor. This model takes into account multiple effects of fourteen parameters that are believed to have the highest impacts on oil price. These factors have been...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, September 24–25, 2012
Paper Number: SPE-162901-MS
... in the ground for different oil-price scenarios is predicted. The model reveals the appropriate composition of a portfolio of conventional and unconventional resources. In the case of a high-price scenario, the optimal efficient extraction path is the pursuit of additional conventional resources before...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, September 24–25, 2012
Paper Number: SPE-162903-MS
... appraisal well shadow zone scenario voi analysis voi assessment Introduction Oil and gas exploration is a risky business that makes big-dollar bets on highly uncertain outcomes. It is also a business populated by very bright scientists, engineers, and managers, with the latest technologies...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, September 24–25, 2012
Paper Number: SPE-162914-MS
... of petroleum engineers scenario coalbed methane unconventional resource economics pilot well decision support charles stabell probability scenario weight spe 162914 Introduction Resource plays form a geologically diverse group, but include shale gas, shale oil and coal-bed methane (CBM). All...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, September 24–25, 2012
Paper Number: SPE-162913-MS
... structural uncertainty folschviller 2 gas content mining operation lorraine basin evaluation recovery factor modeling & simulation permeability reservoir simulation prospective resource simulation model calais scenario Introduction In both Lorraine and Nord Pas de Calais (NPdC...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 8–9, 2010
Paper Number: SPE-130160-MS
... valuation reserve classification petroleum defence document oil price upstream oil & gas contingent resource society of petroleum engineers expenditure quantity scenario spe 130160 valuation reserves evaluation Introduction A petroleum asset valuation is normally carried out before...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 8–9, 2010
Paper Number: SPE-130161-MS
... constitutes equitable sharing is best judged from the relationship between the Government Take and the investor’s Rate of Return. A practical way to achieve a win-win a fiscal system is through economic modeling. Economic models constructed to represent various scenarios, each representing certain reserves...
Proceedings Papers

Paper presented at the Hydrocarbon Economics and Evaluation Symposium, April 1–3, 2007
Paper Number: SPE-107562-MS
..., which requires risk and uncertainty management. To accomplish such a challenging goal, it is necessary to estimate requirements for surface facilities while considering both reservoir uncertainties and multiple development scenarios, and their link to the economic model. Optimizing production...
Proceedings Papers

Paper presented at the Hydrocarbon Economics and Evaluation Symposium, April 1–3, 2007
Paper Number: SPE-107693-MS
... Artificial Intelligence US government category probabilistic method reserves classification criteria guidance recoverable quantity guideline resource classification development project SPE reserves evaluation classification system requirement petroleum Scenario terminology reservoir...
Proceedings Papers

Paper presented at the Hydrocarbon Economics and Evaluation Symposium, April 1–3, 2007
Paper Number: SPE-108175-MS
... Recall that in the domestic scenario with infrastructure close by, the mean cost of failure was $15 million. This graph shows that the mean cost of failure would have to be $30 million – twice our current estimate – before the VOI of the seismic data exceeds its cost of $5 million. Even if we...
Proceedings Papers

Paper presented at the Hydrocarbon Economics and Evaluation Symposium, April 1–3, 2007
Paper Number: SPE-107708-MS
... Abstract This paper describes scenario generators and portfolio models for oil and gas exploration and production (E&P) planning. The problem is how to allocate funds to a set of oil recovery projects to achieve a desired tradeoff between risk and return. A mix of development...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, April 3–5, 2005
Paper Number: SPE-94565-MS
... is built. Using portfolio optimization, different strategies are then tested by analyzing the solution envelopes, and movements within the body of the solution envelopes to explore all available opportunities. Different groups of opportunities are also tested against different scenarios using portfolio...

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