Integrated Forecasting, Economics and Reserves

Transcription

1 Integrated Forecasting, Economics and Reserves

2 ENHANCE CLARITY. INCREASE PRODUCTIVITY. ENSURE SCALABILITY. Value Navigator is an integrated software solution that unifies your data and simplifies your workflows for forecasting, economics and reserves management. It replaces a number of outdated point products with a single, engineering-focused system that drives efficiency and productivity across your entire reserves lifecycle. Robust and highly scalable, Val Nav is easy to implement for smaller producers all the way up to major multinationals. Imagine how much more your reserves team will accomplish when you spend less time pushing data between multiple applications and more time focused on value-enhancing engineering and technical evaluations. Val Nav: a better way from data to decision.

3 PETROLEUM ENGINEERING Every decision your company makes from acquisition to abandonment hinges on the accuracy of your production forecast. Forecast too optimistically and no amount of cost-cutting will help you meet your targets and deliver the netbacks your investors expect. Forecast too conservatively and you re leaving money on the table. Val Nav s forecasting tools are the most powerful in the industry. Built by engineers, for engineers, to help ensure you get forecasts you can trust. Perform Decline Curve Analysis, type curve analysis, Analog Forecasting, cross-plots, gas material balance, and volumetric analysis with one tool. Visualize your type curve and the forecasts of the wells used to derive it. Robust Type Curve Analysis based on the research of one of the world s foremost experts allows you to do your engineering in a single program no need to export to spreadsheets. Built-in Enhanced Oil Recovery (EOR) and unconventional forecasting tools. Make engineering easier with workflow-related forecasting tools such as segment editing, hot keys, decline graphing tools, and secondary products. Val Nav gives us a flexible process that lets us work smarter, with a small reserves team, and only one transparent database for all our technical forecasts, approvals, audit tracking, reporting, scenarios and analytics. Instead of pushing data to/from several programs, our team has more time for technical evaluations that create value. It s just a better way. VP, Reserves & Corporate Development, California Resources Corporation

4 ECONOMIC EVALUATIONS In a low price environment where margins are thin, you need the ability to quickly create, run and retain a wide variety of economic sensitivities. Which projects are economic at $50 oil versus $60? What are your field economic limits? Val Nav lets you run these sensitivities easily and compare them effectively. Quickly define your scenarios without having to rebuild your cases, and run economic comparisons with ease, reducing turnaround time by as much as 90%. A fully global product that works in multiple currencies, has fiscal regimes and incentives for Canada and the United States, an available library of more than 45 international regimes, and a built-in fiscal regime modeller. Val Nav lets you simultaneously compare multiple scenarios and assess break-even potentials for your wells. Run advanced economics models, including production sharing contracts, ring fences, common economic terminations, and more. Data and evaluation for your entire operations within a single database, regardless of reporting jurisdiction, country or region. As a company with international interests, we work under a range of fiscal arrangements that can vary widely from country to country and region to region. Val Nav s flexibility and transparency in the way it models unusual and sometimes complicated fiscal regimes is very useful and a key advantage it has over competing products. Reservoir Engineer, Gran Tierra Energy Inc.

5 RESERVES MANAGEMENT A proactive, rigorous data system is critical for reserves. You need processes in place to ensure audit compliance. You need to know your data is complete and error-free. Val Nav helps you work effectively with your reserves data throughout the year and simplifies reserves season. Integrated change record capture lets you balance your reserves as any changes are made. Advanced data management tools display all your relevant data in a single view for complete data validation, comprehension and discovery see the data you want, how you need to see it. Data View grids let you configure, edit, and audit all your data in one customizable view. Proactively document your reserves changes and report fully at any point in the lifecycle for a complete picture of corporate reserves. Built-in reserves reporting capability for SEC, PRMS, NI , etc. Structured inputs and easily-followed, rigorous workflows ensure you are working within reserves categorizations from the beginning and following controlled processes. Processes and user-based security help you meet SOX compliance guidelines and prevent unauthorized edits.

6 ACQUISITION & DIVESTITURE When it comes to A&D evaluations, Val Nav lets you work quickly to take advantage of opportunities and get answers you trust. Multi-million dollar decisions are riding on your ability to efficiently evaluate assets with speed and reliability. Val Nav s Assisted Forecasting lets you rapidly assess economic potential under various scenarios, then focus full-scale engineering evaluations on the most promising opportunities. Integrated workflows (forecasting, economics, database, reports) let you do your entire A&D evaluation in one software system. The Declines Tab allows you to visualize and edit your production forecasts, and a customizable toolbar lets you configure information pertinent to your company and workflows. ARIES conversion tool lets you easily import dataroom files for acquisition analysis, or export your Val Nav data to ARIES for divestiture prospects. Spreadsheet Import lets you quickly and easily import any external data. If you can get it into a spreadsheet, you can get it into Val Nav. Value Navigator provides a platform that is a leap frog ahead in terms of software technology. It allows us to align practices and workflows internally, and to better coordinate planning processes and stakeholder engagement as we grow further into Unconventional Resource development. Reservoir Engineering Manager, Paramount Resources