Integrated Asset Modelling
We have proprietary methods for field development option screening and development decision support. Our expertise is in coupling risk analysis and system modelling. We use our proprietary software (RAVE) as well as providing support through project auditing and conceptual study service. Our mission has been to develop and promote engineering methods so that project design basis are no longer single/multiple case delivery requirements but provide a management tool for all reservoir, financial and project risks.
Tangible benefits to be gained from state of the art and creative thinking:
- Increased financial returns by reducing operating costs.
- Increased financial returns by increasing flow with minimised risk.
- Uncertainty management.
- Decisions taken based on more meaningful appraisals.
- (Re-) establish production from marginal fields.
- Reduction in initial capital expenditure required in developing new fields.
- Reduction in manpower requirements in offshore operations.
- Better control of costs by outsourcing total system modelling and appraisal.