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 addapt• To costumer 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
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