Reserves Management


All posts for Reserves Management

AGR develops MultiClient studies in Barents Sea prior to 24th Concession Round

AGR has developed several MultiClient studies  in the Barents Sea that help the small and medium-sized E&P companies, but also majors, identify exploration prospects in a cost-efficient method. AGR's MultiClient studies provide an entry tool for its clients to obtain a significant amount of inte ...

Maria Djomina - AGR


Posted 2 years agoPress > Multi-ClientReserves ManagementReservoir +5

AGR provides EOR evaluation for development of several heavy oil fields in South America

AGR Reservoir Management team was assigned to evaluate Thermal Enhanced Oil Recovery options for an Eastern Asian national oil company. The work scope included the reservoir simulation model construction for thermal recovery methods and screening of thermal production techniques. Our Reservoir team ...

Maria Djomina - AGR


Posted 2 years agoPress > Reserves ManagementReservoirLatin America Oil and Gas +5

Supermajors’ Cost Index: How Efficient are they in Developing their Assets? | Petroleum Africa

The ‘lower for longer' oil price environment has forced oil and gas companies to look hard at their cost structures. Despite development costs accounting for more than 50% of total costs, the industry currently acks a widely accepted measure for assessing efficiency in this area.

Muktadir Ur Rahman


Posted 2 years agoLink > Supermajors Cost IndexBPShell +20

Study: Oil, Gas Development Costs Fall, But Could Go Lower

Looking specifically at seven supermajors—BP, Royal Dutch Shell Plc (NYSE: RDS.A), Eni (NYSE: E), Chevron Corp. (NYSE: CVX), ExxonMobil Corp. (NYSE: XOM), Total (NYSE: TOT) and ConocoPhillips (NYSE: COP)—development cost per barrel of oil equivalent (boe) increased by 66% between 2011 and 2015, bu ...

Muktadir Ur Rahman


Posted 2 years agoLink > Supermajors Cost IndexBPShell +20

Logs, Core and Reservoir Model Elements

Consider the Scale! Once the reservoir modeller has developed a conceptual model , they need to decide whether the log and core data is at a suitable scale to provide representative values of porosity and permeability. AGR's Petrophysicist Jenny shows two model elements at outcrop and integra ...

Maria Djomina - AGR


Posted 2 years agoPress > Knowledge Reservoirreservoir modelingsimulation +3

Industry Leading Reserves Management Software Company Releases New ‘Out of the Box’ Version of Their Application

aclaro softworks inc. to exhibit new software at NAPE Summit February 16 to 17, 2017 FOR IMMEDIATE RELEASE February 13, 2017 Houston, U.S. & Calgary, Canada – aclaro softworks inc. is excited to announce the release of a pre-configured version of their industry leading petroLook Reserves platfor ...

aclaro softworks inc. - aclaro softworks inc.


Posted 2 years agoPress > ReservesReserves ManagementNAPE Summit

How much detail should go into a reservoir model?

A perennial question, and often addressed poorly in reservoir studies, although always solvable. AGR's TRACS Training Director, Mark Bentley, takes two minutes in Clashach Cove, Scotland to offer a simple workflow to help decide what to do based on Flora's Rule and a consideration of length scales. ...

Maria Djomina - AGR


Posted 2 years agoPress > North Seareservoir modelingReservoir +3

The importance of using industry-specific software for reserves management

By Craig Burden & Doug MacDonald, aclaro softworks inc. Reserves management is a key part of oil and gas company operations. What used to be an annual or semi-annual process is now performed several times throughout the year, in order to give the clearest picture of a company's reserves. And yet, t ...

aclaro softworks inc. - aclaro softworks inc.


Posted 2 years agoOpinion > ReservesReserves ManagementReserves Audits