75 percent of field development projects fail to meet value expectations according to Independent Project Analysis.

Development Planning

Acquisition and development teams and investors must develop conceptual field development plans on which to base large investment decisions. They aim to estimate costs with 70% accuracy. FieldPlan® generates graphical, technically-robust concepts in minutes and benchmarks them against those of similar projects. Anyone on a team can log in via a web browser to view the plans. Costs are based on an up-to-date global database. As asset teams take on new investments and aim to estimate costs with greater accuracy, WellCost provides the information using engineering specs.

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Asset Economics

ARIES®, the most trusted asset economics software in the United States, is a flexible, enterprise-strength global economic and reserves software and can enable companies to efficiently evaluate and manage any number of assets, projects, and rollups in a collaborative database environment.  Processing speed, automated forecasting, and mass data editing make company technical resources more productive and responsive. Both evaluation of new opportunities and management of producing assets depend on it.

ARIES® »

 



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