Oil and Gas Operations Support – Experience Is Paramount
There are three factors which come to vital importance and paramountcy in the field of oil and gas operations support, and can ensure that support is exactly that – and less of a waiting game. Ideally, you’ll want to select a firm with a solid foundation in Oil and Gas Expert Witness services. When you’re looking for a firm which can offer you the support you need for your project, look for a firm with experience in all three factors, as tasks such as the generation of well test strategies, quantifying sizes of discoveries, as well as the combinations of seismic and well data hinge upon these three things.
For instance, Geoscience Evaluation is the first field which is of importance. The capacity to generate reservoir properties and compartments as dynamic data and new well test data arrives is imperative to support any site, as well as the drilling of new wells within your site. The support of resource and reserve studies furthermore comes under geoscience evaluation and should not be considered separate.
The second is more than likely the process which is longest. Reservoir and cost engineering can be an arduous process, and relies upon the updating of analytical and simulation models which are intended to refine production schemes. Dynamic data and the good handling of such (as well as new well data) is also best handled by an expert company. The support should extend to the drilling of new wells, as well as the support of resource and reserves studies.
Economics of your site can be handled with the proper updates of cash flow models, as new commodity and tax information forces your model assumptions to change with them. Reserves and resource studies is also best handled to an expert firm.
Take London-based ERC Equipoise, as an example. Senior staff members of ERC Equipoise have worked for Oil Operators before joining ERC. This experience has allowed ERC Equipoise to become actively engaged with a number of clients across the world, offering definitive oil and gas operations support during drilling and testing programmes.
