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Brazil Bidding
Wintershall AG recently used PetroVR in the acquisition of significant exploration
acreage offshore Brazil. The evaluation entailed creating over 20 models for various
blocks and prospects in different basins. A team of multi-disciplinary professionals
interacted on the model development in order to fully understand the acquisition. The
team was able to create numerous scenarios quickly in order to understand the sensitivity
on economics and make a recommendation to management. Upon successful completion of the
bidding round, the team was in a position to submit their outputs from PetroVR for the
budget and long range plan.
An OLAP database is used for budgeting and long
range planning and PetroVR outputs were transferred to the database.
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