aries modeler – what’s new in 2010 new workflows and features stochastic asset models ian...

ARIES Modeler – What’s New In 2010New Workflows and Features

Stochastic Asset Models

Ian Pattie, P.E.

© 2010 Halliburton. All Rights Reserved. 2

Designed specifically for Shale, CBM and other unconventional resource plays

Integrates stochastic economics consistent with new SEC guidelines

Calculates P10, P50, and P90 reserves

Stochastic aggregation to any hierarchy level

ARIES Modeler – Unconventional Resources


Designed specificallyfor deep water, multi- reservoir, and other complex projects

Automated drillingwell scheduler

Platform cost allocation

Incorporates geological and development probabilities of success

ARIES Modeler – Complex Asset Models


Extends the ARIES solution worldwide

Designed specifically for Production Sharing and Service Contracts

Models are stored and managed on secured databases

Models are maintained as a Landmark service or by customer experts

Consolidates results across models globally

ARIES Modeler – Fiscal Terms (PSCs/PSAs)


Coming In May, ARIES 5000.0.2 Modeler

Complex asset workflows integrated with ARIES

Modeler New name for the International feature to reflect emphasis on

complex workflow solutions Models now execute up to twice as fast as before New and improved database and Excel functions Capture of economic monthly calculated input streams in matrix

variable

Model Samples New multi-reservoir risk and uncertainty model including

probability of geological success Enhanced platform cost allocation sample with monthly

economic limit Probable additional (P2) PSC fiscal term case sample


Enhanced Cost Allocation Sample Model

New model variable captures calculated economic monthly input streams

Enables summary level calculations using 1200 months instead of time frame data

More platform allocation reporting details


Incremental Economic Sample Models

By well, field, block, or PSC

New sample calculates P2 and P3 reserves without summaries

Works for any fiscal regime, including ring fenced PSC’s

Updates monthly tables with incremental streams


Ring-Fenced Stochastic Multi-Reservoir Sample Model for 5000.0.2

Input geological risk, production and economic uncertainty for multiple reservoirs

Stochastic calculations done at the block level to incorporate ring fence provisions

Extensive customizable Excel reports


Previously added in ARIES Modeler 5000.0.1

Suite of database functions added to modeler Supports ARIES and other databases Save model calculated results such as daily forecasts, statistical

data, incremental monthly case forecasts etc. Can use the modeler to integrate workflows within ARIES that

currently require several steps or 3rd party applications.

Multi-well stochastic economics sample Model is template for shale gas, CBM, GOM and offshore

prospects Quick start for unconventional resource economic analysis. Calculates mean, P10, P50, and P90 reserves.


Modeler Functions for Excel™ in 5000.0.1

Copy and rename worksheets, including imbedded charts

Launch macros by name from within a model

Create new or replace existing Excel files

Added statistical functions that are compatible with Excel results

aries modeler – what’s new in 2010 new workflows and features stochastic asset models ian...

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