How can completion design uncertainty be reduced while increasing overall net present value (NPV)?
What’s needed is an integrated model that takes into account all the factors that impact completion design (such as logs, fracture and wellbore designs, reservoir simulation, economic analysis) and analysis of multiple scenarios to maximize NPV.
This workflow enables:
- Understanding of how known and unknown variables impact the completion design and NPV, and ultimately production, before actual operations even begin
- Modeling of expected financial impact for multiple scenarios and specific decisions to be generated automatically