Introducing Solution Cases on www.geoknowledge.com

(Jan 27, 2003)

Our "Solution Cases" illustrate how to use GeoX in analysing important exploration decision situations. The cases rely on non-confidential data (sometimes synthetic data), but we think they provide a good basis for getting ideas on how to use GeoX.

The first set of cases will cover the following situations:

Concession evaluation - Evaluating a concession bid where there is an
exploration program over a set of mapped prospects.

Assessing the risk and volume implications of a seismic anomaly - A seismic
anomaly defines a volume; if the seismic anomaly is not a DHI, then the prospect
is more risky, but might be larger.

Rapid risk and resource assessment -- configuring GeoX for a standard,
simple and direct assessment of 80% of cases , while retaining the ability
to do more complex assessment of the 20% more complex cases that require
more detailed modeling.

Play economics -- Evaluating the potential economic value of a petroleum play.

Using the MER to benchmark full cycle value assessments: Quality assuring
stochastic full cycle evaluations of exploration ventures can be
challenging. This case reviews how you can use GeoX and the unique MER
(minimum economic resources) estimate to validate and interpret full cycle
analyses.

Modeling a PSA: See how fast you can use the powerful and flexible fiscal
regime modeling facility to define a complex PSA (Production Sharing
Agreement).

To go to the Solution Cases on www.geoknowledge.com, click here!

GeoKnowledge(www.geoknowledge.com) is a vendor of leading-edge decision support solutions for the upstream oil & gas industry.

Established in 1985, our objective is to assist petroleum companies, governments and industry suppliers worldwide in evaluating risks, resources and economic value in exploration and development projects. Our evolving family of GeoX exploration workbench products use object-oriented technology, relational databases, client/server solutions and knowledge-based technology. A common design principle has been a commitment to the use of industry standard technological building blocks. Through continuous investment in new product development and active partnerships we both leverage industry expertise and support the deployment of complete decision support solutions.