aries modeler – what’s new in 2010
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New Workflows and Features Stochastic Asset Models Ian Pattie, P.E. ARIES Modeler – What’s New In 2010. ARIES Modeler – Unconventional Resources. Designed specifically for Shale, CBM and other unconventional resource plays - PowerPoint PPT PresentationTRANSCRIPT
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
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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
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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)
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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
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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
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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
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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
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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.
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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