Stochastic approach to uncertainties
IP Suite from IPRES Advanced software system that improves upstream corporate work processes
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 services
IP suite software
upstream Consultancy • Support on life cycle investment decisions • Focus on stochastic approach • Training of project teams • Advice on Best practice guidelines and QA
Oil 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 specifically designed to cover these areas and currently consists of IPRISK and IPRESOURCE.
software/It Engineering • Linking to internal tools, customization • Customization of corporate reserves reporting • Data handling and loading
Field and Well Planning
IPRESOURCE Reporting and Forecasting
Projects that we cover
Field development and Well planning Field 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 development planning
• Systematic and consistent approach • Integration platform for all involved disciplines • All risks and uncertainties taken into account
Full integration - The new dimension Product prices
Fiscal terms
Commercial terms
Sub-Surface
Risks Production
Time
s
Mo
tie ain
nte Ca rl
o
t cer Un
Drilling
OPEX
CAPEX
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
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Model overview
1 ,0 0 ,5 0 ,0 0 ,0 2 ,0 4 ,0 Re s e r ve s (1 0 ^6 s m 3 )
Workflow
Model input
Decision trees, structuring the problem
IPRESOURCE is specifically designed to meet the resource/ reserves management and reporting needs of oil and gas companies in today´s business environment.
IPRESOURCE
Reporting and Forecasting
Resource database and reporting systems IPRESOURCE 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.
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
Data entry Resource Team
IPRESOURCE & Application DB
Business Objects Reports
Loading PRESOURCE
Business Objects Universe
Report examples You can easily make a range of different reports.
Production forecast
License data
Field data Administrator
Control
Data flow
Key performance indicators
Aggregation from wells to full corporate portfolio Aggregation levels • Wells • Fields • Areas • Business units • Countries • Business Regions • Corporate Covers all assets from early exploration to end production High confidence • Existing production Intermediate confidence • Infill drilling / IOR & EOR Low confidence • Discoveries and prospects
Aggregation of all resource classes
The production forecast includes all uncertainties and risks
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www.ipres.com
Advanced software system that improves upstream corporate work processes
Oslo Storgt. 32 N-0184 Oslo, Norway Tel.: +47 23 15 06 00 Fax.: +47 23 15 06 01
Houston Abby Office Centers~Uptown/Galleria 2425 West Loop South, Suite 200 Houston, TX 77027, USA Tel: +1 713 297 9111