Reservoir Modeling and Production Solutions Help Reduce Exploration Costs by Up to 20%
A major operator providing oil and gas exploration and extraction services in the Caspian Sea region deployed an ensemble simulation workflow utilizing the Aspen Big Loop technology to perform uncertainty and risk estimation as part of the project feasibility assessment, with Aspen Tempest as an orchestrator.
Download the case study and learn how the company concluded that the scope of the research program in new exploration wells could be reduced by up to 20% without losing useful information, by focusing on the most significant uncertainties affecting the quality of the production forecast.
Related Content
The race to a zero-carbon future is on. Global oil and gas, petrochemical and chemical companies have announced ambitious carbon mitigation, plastics re-use and water conservation targets. Carbon capture and storage (CCS) and carbon capture and utilization (CCU) are key technologies to help companies reach their sustainability goals.
Brochure:
Aspen Big Loop
Video:
The Big Loop Ecosystem
Brochure:
Subsurface Science & Engineering Solutions for Carbon Storage