In many upstream projects located in hostile environments such as offshore, HPHT, the Arctic, and many others, surface infrastructure constitutes a large percentage of capital and operating expenditure. Consequently, finding the right balance between cost, capacity and development pace becomes a primary profitability driver.
The PetroVR Solution
PetroVR permits you to model surface infrastructure by object names, such as “facilities” and “pipelines.” You can define any number of facilities and connect them by pipelines in any configuration. In addition, there are also a few specialized facilities that allow modeling of other things like water injection, gas injection, gas lift and gas plants.
A “facility” is an object that has construction time and cost, fixed and variable operating expenses, capacity constraints, downtime and a few other attributes. So, depending on the desired level of modeling detail, a “facility” can for example be a separator, a process train, a platform or even a processing center.
One particularly powerful feature is the ability to define an “excess policy” for a facility. It allows the user to actively manage the impact of capacity constraints. If no policy is defined, all wells upstream of a facility will simply be choked back with the same percentage. However, the user can apply one or more “excess policies.”
Those include expanding capacity automatically when needed, automatically cloning of facilities to make a new facility when the capacity of the first is reached, prioritizing shut in of wells based on a well parameter (such as high watercut, high GOR, low rate or a user-defined shut-in sequence). The user can also specify that drilling of new wells be deferred automatically until there is spare capacity available to produce them.
Reduce development optimization time by an order of magnitude
These are some of the capabilities in PetroVR to investigate infrastructure scenarios on any project, from the most simple onshore development to a complex multi-hub. Typically this can be done in a matter of seconds or minutes and ultimately shorten the development optimization process by an order of magnitude.
Petroleum Ventures and Risk (PetroVR) decision assurance software was introduced 15 years ago in 1997 and is positioned to be the industry standard for petroleum exploration and production planning worldwide. It is the only fully-integrative software platform for E&P asset development planning that supports risk and uncertainty modeling for the entire opportunity lifecycle, from sub-surface to market.*
In addition to its selection by the U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), formerly the MMS, PetroVR decision assurance software has been chosen by more than 25 oil and gas companies since 1997, including BHP Billiton, BP, Chevron, ENI, Maersk, Murphy Oil, Shell, Talisman and Total.
Read the PetroVR Blog at http://www.caesarsystems.com/blog/
PetroVR is a Registered Trademark of Caesar Systems, LLC.
About Caesar Systems
Headquartered in Houston, Caesar Systems empowers E&P companies to accelerate confidently to production through its PetroVR software suite, backed by global coaching support.
Caesar Systems is led by an experienced team of oil and gas and software professionals at offices located in Houston, Texas; Buenos Aires, Argentina; Paris, France; Copenhagen, Denmark; and London, United Kingdom.
Contact a Client Coach at +1 281.598.8800