The roots of C&C Reservoirs go back to the early 1990’s and a Chevron field development project for the Tengiz field. The project goal was to provide and analyze carbonate field analogs. When Chevron decided to farm-out this project to a third party, Dr. S. Qing Sun was the successful bidder and founded C&C Reservoirs in January 1995.
The company vision has always been to create a global analog knowledge system with a view to help E&P companies reduce their exploration risks and optimize their field development options. Since inception, C&C Reservoirs has expanded its coverage of carbonate fields and extended knowledge to clastic, fractured, tight and deepwater reservoirs.
Analogs equal experience - the more experienced you are, the more meaningful and creative the ideas you can generate and the better decisions you can make. Analogs can be acquired directly or indirectly:
- directly through first hand experiences;
- indirectly from books and periodicals or by communicating with others in your field of interest.
Nearly all E&P decision-makers use field and reservoir analogs extensively. However, many E&P teams follow an informal and inefficient process that spans only the knowledge gained from the team's own experience.
DAKS™, the Digital Analogs Knowledge System. DAKS is a knowledge platform that empowers clients to improve exploration success, optimize field development plans, enhance production performance and maximize the recovery efficiency of their E&P assets through application of lessons learned and best practices drawn from over 1,400 rigorously documented fields and reservoirs. Benchmarking and analytical tools, along with the ability to capture knowledge about their own assets for comparison against proven analogs, enables clients to make better E&P decisions.
DAKS, compiled and developed since the mid-1990s, now contains knowledge on more than 700 geological, engineering and production parameters for more than 1400 reservoirs globally.
In the oil and gas exploration and production business, one of the biggest challenges is to identify an exceptional opportunity from the rest. To be successful, geoscientists and engineers need to pool their collective experiences and talents to recognize the inherent risks, uncertainties and upside potential in the numerous opportunities which are offered by industry and governments. The evaluation team needs to examine the opportunity in all aspects so that technical surprises are reduced to a minimum and the true value of the opportunity ascertained. During the process of opportunity evaluation, the E&P teams have to make numerous assumptions and hypotheses based on their own knowledge and experience, but in reality many of the assumptions and hypotheses are groundless.
DAKS provides users with facts from proven fields and reservoirs, vital for verifying exploration and production hypotheses and boosting E&P decision-making confidence. DAKS facilitates instant access to knowledge and lessons learned from nearly every basin, play, and reservoir type around the world. More specifically, DAKS provides users with a systematic, cost-effective and time efficient way to validate their play concepts, benchmark their prospects, ground truth their field development plans, and compare their field performance through well-established examples and proven experiences. By studying the factors behind the success or failure in other fields and reservoirs, our clients can try to avoid the mistakes that others have made and optimize their exploration and field development strategies. DAKS offers a unique global field/reservoir knowledge base and solution platform where information and data on users' own assets can be standardized, documented and benchmarked against global analogs.
DAKS is widely used by geoscientists, reservoir engineers and decision-makers working in new ventures, prospect generation, risk assessment, reserve booking, field development, production operations, and reservoir lifecycle management. Anyone looking to generate lower risk prospects and quickly identify optimal field development options can find an unparalleled amount of critical information and knowledge using DAKS.
The main role for a new ventures manager is to gain entry into new projects that will make a profit for the company. This can be achieved using the examples in DAKS, whereby potential new venture projects can be compared against commercially successful projects to identify critical risks and success factors. In planning a new venture, DAKS can provide a set of realistic parameters, attributes, and ideas that have been tested on mature, well-established commercially viable petroleum systems to instantly build your knowledge of the new area and location. This information gives a competitive advantage and can increase the probability of the investment returning positive results.
DAKS can provide a benchmark for your prospect portfolio to better ensure that they have been properly risked for drilling. By understanding the critical elements of the exploration play and through statistical analysis of the relevant analogs, the exploration manager can plan a more efficient work program.
During the process of field development planning, there are many uncertainties regarding the potential performance of a field, particularly in the early stages where few wells have been drilled due to high drilling costs (for example in the deepwater environment). Various scenarios produced by reservoir simulation provide concepts on which these uncertainties can be reduced. An alternative and supporting approach is to use DAKS to compare analog fields having similar reservoir and fluid types, pressure, water depth, drive mechanism and other technological challenges. Critical field/reservoir analogs provide not only ideas but also quantitative analysis to help in development planning and production optimization. This can help E&P companies reduce the risks of over- or under-estimating production rates and recoverable reserves. Many potential production problems can also be recognized earlier in the development phase through use of analogs, thus allowing for appropriate data gathering and mitigation scenarios to be planned for and initiated.
With the abundance of instant E&P knowledge, the performance of production enhancement cases can be readily retrieved and reviewed using DAKS. With this information, production engineers can quickly discover potential production enhancement methods and estimated performance for their fields.
C&C Reservoirs' job is to capture the lessons learned from exploration, development and production of the world's most important fields and reservoirs. This is compiled using public domain information, corporate websites, operator data, and reputable technical journals and magazines in multiple languages. This information is standardized, distilled, and efficiently distributed back to our customers in the E&P industry so they can gain knowledge from the professional experiences of others, to efficiently guide their own exploration, development, and production efforts. We add new and updated field and reservoir analogs annually.
In each of the field evaluation reports compiled by reservoir geologists and engineers, topics covered include exploration history, basin evolution, petroleum systems, trapping mechanisms, reservoir architecture, reservoir properties, reservoir fluids, field development strategies, production history and improved recovery methods. Each report is put together in a standardized format with standardized features, figures and illustrations, and standardized sets of discussions. All writers and scientists who compile the field reports have more than 15 years of oil industry experience.