aries tm – what’s new in 2010

ARIESTM – What’s New In 2010Congratulations To One Of Our Own

New Workflows and Features

Stochastic Asset Models

Improved Usability

Guy Humphries, P.E..

© 2010 Halliburton. All Rights Reserved. 2

Since We Last Met – ARIES 5000.0.1

Upgraded menus, dialogs, and help throughout Project Manager

Development drilling wizard Economics

Improved present worth calculations Edit Undo feature in economics editor New Canadian tax and royalty; improved sub. phase

Graphics Set initial Walk point at origin for easier Trend forecasts Auto setting options for initial curve fit range lines Monthly average function for daily curves Persist size and position of graphs on screen Improved Plots – appearance, plus option to Plot Summaries Only

Modeler New modeling functions and database connectivity Additional Excel interoperability functions

Development Drilling Wizard

0

20

40

60

80

100

120

140

0 12 24 36 48 60 72 84 96 108 120

Months

0

200

400

600

800

1,000

1,200

1,400

Th

ou

sa

nd

s

Gas MM/M Inv M$

$

Time Frames

$

Time Frames

MOP EOP


Coming In May – ARIES 5000.0.2

Operating Systems Continues as 32-bit, multi-threaded application Primary testing on MS Windows XP 64 Secondary testing on MS Windows 7

Distribution and Licensing Electronic software distribution on LSM, or request DVD New user license files needed FlexLM 11.6; R5000 version of LAM needed

Databases Oracle 10g client MS SQL Server and SQL Express 2005/2008 MS Access 2003 and 2007

Other Extensive Office 2007 Excel and Word compatibility 15+ User Group enhancements 50+ bug fixes


The ARIES User Group Voting Matrix

Category Source

Rat

ing

Enhancement Requests

0.5 1 7600 Item Description

Economic data entry Pet Dev 1016 Provide Run Log features to access ENTIRE run with options to search for all, errors, or warnings

Graphical analysis CHK 676Enhance PUT ALL function to update CUMS line values for OIL, GAS, CND, and SGS phases if history curve is present on the graph, even if there is no forecast for that phase.

Economic data entry UG 513 Add ability to Delete data lines by qualifier and by scenario (all the quals in the scenario). Also to Duplicate lines.

Economic data entry UG 351 Copy/paste data from Excel into Lookup tables

Graphical analysis BP 282 Add option for automatic PUT All of current forecasts when move to next property in Picklist

Managing properties and data

CHK 271Enable dropdown lists of appropriate corporate values for selected items within the Master table editor. Store these item values in new table.

Graphical analysis Williams 269Provide non-date based memo capability for display on graphs. Allow ad hoc positioning of these "sticky" notes, which is stored for each property

Economic data entryCallon,

Apache, Hunt Oil

269 Add capability for "protected" Economic Run Settings, Input Settings, and Scenarios

Economic data entryCabot, El

Paso262

To compare forecast data for different qualifiers, provide Editor View option to view lines for each of the qualifiers as listed in Scenario, in addition to current option for one or all qualifiers in case

Managing properties and dataPioneer 245Extend the copy and paste in the Picklist so that the TEXT of single or multiple SHOWID's can be pasted into emails, documents etc. Helps to explain which case (including PROPNUM) needs attention, e.g. right mouse "Store ShowID to clipboard"

Managing properties and dataQuestar 227 Expand the table editor column Calculator (sums) feature to also do AVG of highlighted rows

Graphical analysis Denbury 210 Add specific method for water oil ratio vs. cum oil prod forecasting to set reserves limit for oil forecast

Graphical analysisAnadarko, Denbury

199Add method for MultiGraph to "Preview" the economic limit based on current Input Settings and Scenario. Show values in expanded version of Results Box. Provide PUT option to store reduced value as reserve limit on forecast data lines.

Graphical analysis RS,Texland 180Add a MultiGraph entry for "Last Actual Production" date. Actual production data beyond this date would not be loaded to the graph or used in the calculations for CUM or Rem. Any GAP would be filled using back forecast values. Applies also for Summaries.

Economic calculations SEC 164 Provide method to streamline the multiple runs needed for new SEC rules: 1P, 2P, 3P reserve categories


ARIES 5000.0.2.0 – Enhancement Delivery

User Group Priorities 2009

0

100

200

300

400

500

600

700

800

900

1000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Item Rank

Item

Rat

ing

Delivered 60% of User GroupPrioritized Enhancement Value


ARIES 5000.0.2 Classic Enhancements

Graphics Ad hoc comments on graphs and plots Auto saving of decline curve forecasts Update CUMS for non-forecast phases Specify last actual production date

Economics Mass cleanup of obsolete economic data Expanded Scenario hierarchy search Editor view of all data lines from full scenario Streamlined run diagnostics

Project Manager Average value calculator within table editor Copy ShowID text from picklist to clipboard Bigger, faster economic data export Import DrillingInfo “C” record data

Office 2007 file types supported


ARIES: Ad Hoc Graph And Plot Comments

Interactive annotations Easily entered and

positioned anywhere on a rate-time graph

Display on plots Can be hidden, or

filtered by scenario Relative or absolute

positioning


ARIES: Two Graphics PUT All Options

On Graph scheme, Global Forecast tab

Update CUMS even if no active forecast

Auto PUT All when change properties: NO PROMPT YES


ARIES: Last Actual Production Month

Limits historical data used on graphs & plots

Provides consistency Among different wells If update actuals in db

Enter MM/YYYY in graph preferences

Applies to properties, groups, and sums

Rate-time, rate-cum, and Trend graphs

Option to displayon plots


ARIES: Mass Deletion of Economic Data Lines

Cleans out old data Data menu:

Delete By Qualifier… Initially gray, with list of

Column 1 qualifiers Checkmark rows to

specify data sections Select qualifier or

<BLANK> for each data section

Powerful feature – use with care


ARIES: Expanded Scenario Hierarchy Search

Simplifies case evaluation and management, such as multiple proved, probable, and possible SEC reserves cases

Up to 10 qualifier names for each data section Embedded blank names in a data section are removed


ARIES: View All Qualifiers In Scenario

Easier, direct comparisons of data lines

View menu, Full Scenario…

Displays the full set of qualified lines at one time


ARIES: Streamlined Economic Run Diagnostics

Info for up to 5000 cases displayed in run log window

Search buttons for Next/First Error Next/First Warning Either

GoTo button


ARIES: Data Average Calculator In Table Editor

SUM and AVG values for highlighted rows Activate from View menu when table is open


ARIES 5000.0.2 Modeler Enhancements

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

New Model Samples 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


ARIES: Stochastic Multi-Reservoir Sample Model

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


ARIES: 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


ARIES: 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

aries tm – what’s new in 2010

Documents

phasegraphicsset initial

daily curves

easier trend forecastsauto

position of graphs

ownnew workflows

upgraded menus

met aries

ariestm whats new