Stochastic approach to uncertainties

IP Suite from IPRES

Advanced software system that improves upstream corporate work processes

Reporting and Forecasting

IPRESOURCE

Field and Well Planning

This is IPRES

An international company providing advanced software tools and services to the upstream petroleum industry.  We provide integrated decision support for major upstream investments.

Consultancy servicesupstream Consultancy• Support on life cycle investment decisions• Focus on stochastic approach• Training of project teams• Advice on Best practice guidelines and QA

software/It Engineering• Linking to internal tools, customization• Customization of corporate reserves reporting• Data handling and loading

IP suite softwareOil and gas companies are measured on their success in developing new petroleum resources, reserves reported to the stock exchange and their ability to reach set production goals. The IP Suite is specifi cally designed to cover these areas and currently consists of IPRISK and IPRESOURCE.

Projects that we cover

Field development and Well planning

Field development and Well planning

IPRISK promotes better and faster decision-making for key investment projects as well as reliable production prognosis and serves as a communication platform between the technical disciplines and management.

Field and Well planning

Product prices Fiscal terms

Commercial terms

Time

OPEX

CAPEX

Drilling

Production

Sub-Surface

Mon

te C

arlo

Risks

Uncertainties

Field development planning

• Systematic and consistent approach• Integration platform for all involved disciplines• All risks and uncertainties taken into account

Full integration - The new dimension

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Model overview Decision trees, structuring the problem

Workflow

Model input

By using IPRISK Field, uncertainty at all levels can be incorporated in the field development project analysis and both planned an unplanned events can be accounted for. In the end this allows better and faster decisions and alternative field development plans can easily be compared.

Field development uncertainties

Control Data fl ow

Loading

Resource Team

Data entry

Business Objects ReportsDB

PRESOURCE

Business Objects Universe

IPRESOURCE & Application

License data Field data

Administrator

IPRESOURCE Reporting and Forecasting

Report examplesYou can easily make a range of diff erent reports.

IPRESOURCE is specifi cally designed to meet the resource/reserves management and reporting needs of oil and gas companies in today´s business environment.

Flexible system easy to adapt• To customer business processes• Focus on stochastic approach• To international audit standards and QA requirements• To internal and external reporting

Resource database and reporting systemsIPRESOURCE is designed to store and retrieve current as well as historical data on production, reserves, contingent reserves, prospective resources, CAPEX and OPEX. IPRESOURCE follows international audit standards.

Key performance indicatorsProduction forecast

Aggregation levels • Wells• Fields• Areas• Business units • Countries• Business Regions• Corporate

Covers all assets from early exploration to end productionHigh confidence• Existing productionIntermediate confidence• Infill drilling / IOR & EORLow confidence• Discoveries and prospects

Aggregation from wells to full corporate portfolio

The production forecast includes all uncertainties and risks

Aggregation of all resource classes

www.ipres.com

Advanced software system that improves upstreamcorporate work processes

OslOStorgt. 32N-0184 Oslo, NorwayTel.: +47 23 15 06 00Fax.: +47 23 15 06 01

HOustOnAbby Office Centers~Uptown/Galleria2425 West Loop South, Suite 200Houston, TX 77027, USATel: +1 713 297 9111

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