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REP
By Logicom E&P
About
Reliable Reserve Estimation and Managing Uncertainty in Hydrocarbon Projects
Accurately determining reserves and understanding the associated uncertainty are essential components in hydrocarbon exploration and development. The Reserves Estimation Program (REP) offers a more advanced solution than conventional Monte Carlo methods.
Developed by seasoned geologists and engineers, REP not only tackles complex reserve estimation tasks but also delivers outputs that are easily interpreted by both technical experts and decision-makers—enhancing confidence at every level of the organization.
Features
REP is packed with practical features designed to enhance reserve estimation accuracy and usability across various geological settings.
Set economic thresholds (based on recoverable oil and gas volumes) for any prospect or field. This enables users to factor in the probability of economic success in addition to the probability of technical success.
Establish dependencies between input parameters—such as porosity as a function of depth, or hydrocarbon saturation as a function of porosity. Complex dependency chains can also be defined, allowing for one variable to be influenced by another dependent variable.
Model dual-porosity systems (commonly used for fractured carbonate reservoirs), assigning separate volumes and recovery factors for both the matrix and the fracture network.
Utilize built-in standard correlations for oil and gas properties, aiding the estimation of formation volume factors when precise data is unavailable.
Generate quick-look production profiles using a straightforward, broadly applicable set of rules. These profiles can be exported directly into spreadsheet software for further analysis or reporting.
REP Software: Advanced Prospect & Play Risk Assessment
In the ever-evolving oil and gas industry, operational efficiency and real-time data management are paramount. Recognizing this need, PT Kejora Gasbumi Mandiri offers the REP software, a comprehensive solution designed to streamline operations, enhance decision-making, and ensure compliance with industry standards. This software integrates seamlessly with existing systems, providing a user-friendly interface that simplifies complex processes. With features tailored to the unique challenges of the oil and gas sector, REP software empowers companies to monitor performance, manage resources effectively, and maintain a competitive edge in a dynamic market.