Reservoir Development Lifecycle Management
Managing the entire lifecycle of oil and gas fields is challenging for all E&P companies, from the early stages of asset exploration and appraisal through production activities and the eventual sale or abandonment of a field. How well are your technical teams equipped to help them understand their geological and engineering data, and the uncertainty in that data? The answer to this question is important in that it determines a company’s ability to accurately estimate reserves and forecast production. Economic decisions are made based on these forecasts therefore, if asset teams fail to properly understand the reservoir, they provide inaccurate reserve estimates and poor development strategies to decision-makers.
Landmark Reservoir Development Lifecycle is comprised of tools that help companies enhance their reservoir understanding and manage their asset’s lifecycle. Understand your asset’s potential and capture the uncertainty in that potential with earth modeling while pursuing the optimal economic outcome of developing your asset with reservoir simulation for evaluating the likely outcome of multiple development and operating plans.