Recent performance of companies varies widely, from those that both find abundant new exploration and exploitation reserves and produce their known fields well to those that are only good at either production or exploration In fact, some companies have not had much recent success in either exploration or exploitation growth.  Though the balance sheets of the latter companies look fine for the near term (and share prices are holding), they are neither booking sufficient new reserves to replace those being produced, nor are they efficiently exploiting the fields they own. We provide products that help companies that are not optimized for either production or reserves growth chart a path forward to improve their technical performance and keep themselves in business over the long term.

 Technology Suitability Matrix

We provide tools that evaluate the appropriateness of the various technologies available to the industry to solve the specific production problems relevant to the performance of the company. Technologies are related to reservoir characterization, drilling, producing, and integration, and must be selected based upon their suitability to boost specific performance attributes that produce cash and/or grow reserves, such as the petroleum system in exploration, and reserves definition, drilling success, producability of wells, and production to market in exploitation. 

Our software allows the customer to rate the suitability of the various technologies available to each field to attributes specific to the performance of their portfolio on the web.   The tool helps the client select and prioritize where to use which technologies, in what order, and when. 

Technical suitability matrices have been constructed to answer other business questions such as the following:

1. Which technologies are required in what fields to meet a specific set of complex business goals such as NPV growth, ROCE, and reserves growth?

2. Which technologies enable an advanced understanding of the complex flow of hydrocarbons necessary to maximize drainage from the reservoir to wellbores in those fields of critical importance to the portfolio?

3. Which fields are most in need of applied rock physics to analyze and understand seismic and well log responses in terms of porosity, clay content, fluid saturation changes over time, and other physical properties that are critical to meeting portfolio goals?

4. Which fields require exotic well trajectories, wellbore damage repair, and/or improved remedial stimulation to make the flow rates required by the business plan?

5. Which wells require changes to drilling and completion fluids and treatments for asphaltenes and paraffins that are costing the portfolio cash that might be critically needed by the business goals?

6. Which water and/or gas floods need to be modified to correct for anomalous fluid front movements that are inhibiting overall field performance?