Phdwin economics and reserves software by trc consultants. A comparative analysis of 12 economic software programs. His professional experience includes 20 years in leading and conducting. All functions are organized by categories for easy navigation and have a informative description. This increases the overall efficiency of the evaluation process, allowing. Ogre systems very capable and flexible petroleum economic evaluation software. Petroleum economics distance learning training course. The industries only completely webbased, allinone capital management. Each function from addin can be selected from insert function dialog. Day 1 principles of petroleum economic analysis overview. Mosaics singlesystem solution delivers data insight with complete reserves management, petroleum economics, budgeting, capital planning, and decline analysis. Reliable forecasting, economic optimization, insightful visual analytics and more. International upstream petroleum economics modelling expertise in microsoft excel modelling and specialisation in custom built models either at an asset level or a corporate level including finance knowledge and experience of a number of industry software models, notably the schlumberger merak peep software.
Val nav is a fully integrated decline curve analysis, petroleum economics, and reserves management software. Planningspace software enables companies to execute a living business plan, providing instant data from all departments, spontaneous collaboration and feedback loops that minimize risk and exposure. For those conditions, many methods and techniques have been developed to support the process of economic evaluation of petroleum projects. The ability to create and run faster evaluations with phdwin gives you more valuable decisionmaking time than any other product. Aucerna petroleum economics is an enterprise level software and data solution for petroleum economic evaluation and fiscal modeling. With aucerna, companies can perform reliable and repeatable analysis. New oil and gas economic and decline curve software tool is.
Petroleum engineering calculations in microsoft excel. Our economics and planning suite plays a significant role in completing the technical insights of geoscientists and engineers with the business analysis and processes needed to support decisions through an assets lifecycle. Kent saugier is a handson scientific, technology and business professional with twentyfive years experience in upstream oil and gas, offshore technology, economics, economic modeling, international petroleum contracts, project management, software applications and technology including design, licensing and commercialization. Twelve software vendors, a veritable whos who of the commercial.
It is in daily use by over 4,000 economists and engineers in approximately 350 oil and gas companies across the world. Petroleum software reserve evaluation and economics. It provides a secure and flexible economics solution that ensures compliance with prms as well as the most rigorous governing b. Risk analysis, prospect evaluation and exploration economics. It is a scalable and complete reserves estimation and evaluation system with a unique autoforecasting algorithm and a powerful economics engine. Most phdwin users can complete the same evaluation in under one week. International petroleum economics evaluation software. International petroleum economics evaluation software do you find that you need to spend valuable time and money building complex spreadsheets to evaluate economics of new oil and gas exploration and. Rely on powerful autoforecasting and massediting tools for rapid economic evaluation. With aucerna, companies can perform reliable and repeatable analysis based on your proprietary models or aucerna regimes, aucernas world class, global fiscal regime library. Each function from addin can be selected from insert function dialog as well as from ribbon group. Free, lowcost, and open access data and software for. Our economics and planning suite plays a significant role in completing the technical insights of geoscientists and engineers with the business analysis and.
To this effect, we routinely construct a fiscal model to apply to the project being studied, and apply risk techniques, selected as appropriate from a portfolio of tools. Petroleum economics aucerna petroleum economics is an enterprise level software and data solution for petroleum economic evaluation and fiscal modeling. Outperform legacy systems with mosaic the next generation software for corporate reserves, petroleum economics, budgeting, capital planning, and decline analysis. His professional experience includes 20 years in leading and conducting projects of various sizes and scopes involving the application of decision and risk analysis methodologies in the energy and environmental sectors, and 10 years as a practicing petroleum geophysicist. Petroleum economics, risk and opportunity analysis. Basic petroleum economics mai 2004 ppm 2nd workshop of the china case study 2 investment decisions investment decisions are among the most important decisions that a companygovernment. Optimize every element of your prospecting operations worldwide using our advanced oil and gas exploration softwarea suite of comprehensive digital solutions for each stage of a petroleum systems approach to discovering hydrocarbons. The objective of this course is to provide participants with the necessary skills to apply the methods of risk analysis. The case covers key issues in information technology project management.
Petroleum economics software and services schlumberger software. The aries petroleum economics and reserves software provides comprehensive enterprisewide property and data management, production and reserve forecasting using decline curves or other methods, and proven economic evaluations for operations, engineering, and business teams. Mosaics singlesystem solution delivers data insight with complete reserves. Economic evaluation of petroleum projects basic aspects. It provides a stepbystep guide to understanding fiscal models similar to what many residential courses offer. V3 learn more introducing written by engineers for engineers phdwin coupled with phdrms offers the most complete solution for evaluating, managing, and reporting reserves and performance data. Petroleum economics rely on the fastest, most complete. Upstream petroleum fiscal and valuation modeling in excel. Importance of petroleum economics in decision making macroeconomic condition and project evaluation upstream economic evaluation time value of money cash flow analysis and present value key. This book explains how to apply economic analysis to the evaluation of engineering challenges in the petroleum industry. Drillnomics released its oil and gas economic evaluation and decline curve software to the public this quarter, and industry response has been overwhelmingly positive. Optimize every element of your prospecting operations worldwide using our advanced oil and gas exploration softwarea suite of comprehensive digital solutions for each stage of a.
This course will introduce a variety of fundamental petroleum economic principles including revenue, expenditures, fiscal systems, risk analysis, and investment analysis. Past president, society of petroleum evaluation engineers this book gives a comprehensive and indepth discussion. Economic evaluations are also performed to determine reserves and the standardized measure of value for reporting purposes for publicly held companies. Tagged oil and gas reserves evaluation, petroleum economics courses, petroleum economics training comments. The last section of the chapter presents a petroleum economic evaluation example which presents a complete risk analysis leading to net present values npvs of the example project. R3 economics is a powerful software program that simplifies data management, reserves forecasting and business decision modeling challenges faced by oil and gas companies. Do you find that you need to spend valuable time and money building complex spreadsheets to. That became possible thanks to advanced programs, additional.
Almost every decision is made on the basis of an economic evaluation. Building understanding through basin to reservoirscale modeling of petroleum systems. Importance of petroleum economics in decision making macroeconomic condition and project evaluation upstream economic evaluation time value of money cash flow analysis and present value key economic indicators for project evaluation probability and statistics in decision making uncertainty analysis tornado diagram, sensitivity analysis decision tree and monte carlo analysis. Discussion progresses from an introduction to the industry, through principles and. The aries petroleum economics and reserves software provides. Oil and gas reservoir and economic analysis software. Investment decisions should never be hindered by slow economic evaluations or delayed information aggregation. Economic evaluation software built from the ground up as a single solution to fully manage prms as well as budgeting, capital management and multiple alternative scenarios and. New oil and gas economic and decline curve software tool. Petroleum economics is one of the most influential players in the world economy, so having a comprehensive understanding of this vital area is key for anyone working within the oil and gas or.
Economic evaluation software built from the ground up as a single solution to fully manage prms as well as budgeting, capital management and multiple. Pdf petroleum economics, risk and opportunity analysis. This course is an excellent introduction to the fundamentals of petroleum economics. In this discussion, the terms property and project are used interchangeably as the objects of evaluation. Derived from spee 2018 petroleum evaluation software symposium. Dan olds, senior vice president international, ryder scott petroleum consultants. Tim nieman has 30 years of experience as a risk and decision analyst, economist and petroleum scientist. Past president, society of petroleum evaluation engineers this book gives a comprehensive and indepth discussion of petroleum economics. These include competent persons reports cprs for stock market listings, reserve audits and data room evaluations for asset acquisitions, and fiscal design and market studies for government. Petroleum office is an addin that integrates a ribbon tab into the excel window, giving you easy access to the included functions and tools. Other personnel, including nontechnical, that need to improve their understanding of risk analysis, prospect evaluation and petroleum economics. The society of petroleum evaluation engineers spee undertook a project to try to isolate the causes of differences in reported results. Tagged oil and gas reserves evaluation, petroleum economics courses. Kent saugier is a handson scientific, technology and business professional with twentyfive years experience in upstream oil and gas, offshore technology, economics, economic.
Twelve software vendors, a veritable whos who of the commercial programs available today, each ran 30 different test cases designed to test various aspects of the economic calculation. Aug 17, 2015 drillnomics released its oil and gas economic evaluation and decline curve software to the public this quarter, and industry response has been overwhelmingly positive. An experiential case study in it project management. The purpose of petroleum engineering is to examine, define, and implement methods and procedures for developing and extracting oil, gas and associated products so as to optimize profits and obtain a returnoninvestment that is commensurate with the risk incurred in making the investment. Download a free trial of phdwin phdwin economics and. Economic evaluations are also performed to determine reserves and the. The applicability of various probability distributions to the petroleum project development cost analysis is discussed. Aries, the most trusted asset economics software in the united states, is a flexible, enterprisestrength global economic and reserves software and can enable companies to efficiently evaluate and manage any number of assets, projects, and rollups in a collaborative database environment.
Filter by popular features, pricing options, number of users and more. V3 learn more introducing written by engineers for engineers phdwin coupled with phdrms offers the most complete solution for evaluating. The petroleum engineering economics evaluation software imperative. It is a scalable and complete reserves estimation and evaluation system with a unique auto. Our company is dedicated to providing engineering and services to the petroleum industry.
Petroleum economics planning, execution, and reserves. Previously, he worked as an independent petroleum economist engaging in all aspects of petroleum economics including commercial evaluations. Customer logins obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. With the company growing at a rate of over 50% per month and a free trial to subscriber conversion rate of over 60%, the product is quickly capturing market share. How the internet of things is reimagining the oil patch. International petroleum economics evaluation software do you find that you need to spend valuable time and money building complex spreadsheets to evaluate economics of new oil and gas exploration and production opportunities or that the economics software you now use is not sufficiently flexible to work accurately for every new set of terms you. These include competent persons reports cprs for stock market listings, reserve audits and data room evaluations for asset acquisitions, and fiscal design and market studies for government organisations. Rely on powerful autoforecasting and massediting tools for rapid economic evaluation and updating based on actuals. Nash, phdaapg director of education and professional development, tulsa, ok bryan. Expanded basic petroleum economics training course. Oil and gas production software petroleum industry.
Schlumberger merak evaluation and economics software. This course will introduce a variety of fundamental petroleum economic principles including revenue, expenditures, fiscal systems, risk analysis, and investment. Quickly browse through hundreds of options and narrow down your top choices with our free, interactive tool. Aries petroleum economics software landmark solutions. This course is designed for learning the basics of petroleum economics and project selection. Ogre systems offers flexible and easy to use petroleum economics and reserves software solutions. Ihs powertools is an intuitive software program that allows oil and gas professionals to quicky and easily estimate reserves and perform economic evaluations. An experiential case study in it project management planning. The certificate in petroleum economics is the ideal course for both individuals and corporate groups to develop this crucial knowledge. New mexico gotech free decline curve analysis software and data drawing module for excel. Pages in category petroleum economics the following 62 pages are in this category, out of 62 total. Economics drives the entire oilgas producing industry. Find and compare the top oil and gas software on capterra.
Basic principles for economic analysis ingredients for an economic evaluation objectives and recurring themes. Nash, phdaapg director of education and professional development, tulsa, ok bryan flynngeophysicisthgs continuing education committee, houston thom tucker, cpghgs continuing education committee, houston imagine a geologist, an engineer, and a landman sitting at their local. The objective of this course is to provide participants with the necessary skills to apply the methods of risk analysis, prospect evaluation and exploration economics. The next generation of phdwin software is now in beta.