New discoveries, or even development wells testing new concepts in existing assets, need appraisal to calibrate results versus pre-drill prognoses, critically to determine whether the asset can be economically developed. Our team will perform a multi-scale integrated formation evaluation assessment, considering data and observations from seismic, wells, cuttings, core, wireline, DFIT, and test results to see if a discovery is economically viable. If production wells are required, we can develop agile field development plans to bring production on stream as soon as possible.
We take a multi-disciplinary approach to appraise a new discovery well and the subsequent understanding of the new field. Our geologists, geochemists, geophysicists, petrophysicists, reservoir engineers, production engineers, and economists work with you to provide a comprehensive evaluation of the drilled well to understand logging results, test results, actual versus prognosed drilling depths, and adjust previous interpretations. Once we completely understand the exploration discovery well and perform any necessary updates to interpretations, we will revise the volumetrics and impact on the full-cycle economic modeling. If our team determines the field is economic or marginally economic, intensive work will take place to determine additional appraisal wells or in some cases initial development wells.
