RESERVES ESTIMATES
GPCI offers a series of services dealing with reserves and resource estimates in line with SPE guidelines. Our expertise covers the wide range from basic review of asset valuation to a detailed estimate of the proven, probable and possible reserves, as well as the contingent and prospective resources if any, on a technical and economic basis.
- Log Interpretation – NTG, porosity, HC Saturation
- PVT interpretation – Formation Volume Factor
- Well test, production and reservoir pressure analysis – Recovery factor
- Volumetric , material balance, decline curve analysis methods
- Reservoir simulation deck (mainly Eclipse) audit
- Development scenarios audit
- Production profiles
- Costs (capex/opex) profiles
- Economic modelling
For these tasks GPCI can provide a fully integrated team or individual specialists for specific subjects to the client to fulfil the estimates. In addition to the conventional evaluation approach, GPCI offers services to help with royalties negotiations for farm-ins/outs and M&A.
Reserves Estimates team includes :
- Geophysicists, geologists and petrophysicists specialized in reservoir characterization, mapping and calculation of volumes in place
- Reservoir engineers specialized in fluid characterization and historical production data analysis (from a single well test to the full field production)
- Cost/Facilities Engineer to review client’s capex and opex figures for each development scenarios
- Economist to model production royalties terms, splitting revenues amongst partners and government
