The range of  IPRES services includes corporate decision support based on advanced, quality controlled aggregation of production volumes, reserves and resources, and the associated CAPEX / OPEX expenditures.

IPRISKforecast is specially designed to monitor this aggregation, so the IPRISKforecast team can support companies to improve the consistency, accuracy and time/human resource efficiency throughout their organisations.

This process starts with simulating the full range of uncertainty in production from all wells and facilities on a single field to multiple fields in a production area. The results can then be aggregated into business units within a country or several countries, up to corporate level.

To further improve the forecasting the team uses IPRISKwell to optimise the exploration and development well planning, and IPRISKfield to improve the CAPEX and OPEX estimates that follow the production goals.

The high quality data can be securely stored in the IPRESOURCE database, making it easy to retrieve all necessary standard business cycle reports from operative to corporate level.

The IPRES team can also advice on decision support on upstream project portfolio analysis up to full company valuations in association with oil company stock exchange flotation.

Key types of projects within production forecasting and reserve/resource management are:

• Business cycle reporting: monthly, quarterly, annual
• Business unit reporting from single fields, countries, regions to corporate level
• Reserves, Resources, CAPEX, OPEX
• Rig campaigns: timing and production, reserve, resource impact
• Asset portfolio analysis and optimisation
• Company valuation
• Corporate database management services following international standards

Case example