The knowledge captured in DAKS IQ can provide a better picture of your reservoir’s potential.
Discover how the wealth of knowledge in DAKS IQ can help improve decision-making, ultimate recovery and financial performance of your assets.
DAKS IQ captures knowledge on more than 500 geologic and engineering attributes covering source, trap, seal, reservoir, fluids, resources, improved recovery methods, production performance, and more
Improve the chance for exploration success by using the knowledge in DAKS IQ to evaluate, screen and rank your prospects
Analysis & benchmarking tools help you to improve reservoir understanding and identify improvement opportunities
Often the generation of new ideas is limited to the experiences of the individuals within the exploration team. In this case, DAKS IQ was used to identify new exploration concepts that have been successful in similar basins that might be applied in the basin of interest. And in particular, in the event any lateral depositional pinchout traps are found, the exploration management team has already been briefed about the associated risks and opportunities and can make better informed decisions on how to proceed.
Help reduce subsurface uncertainty by using DAKS IQ to validate project assumptions and identify anomalies against facts from proven analogous fields and reservoirs
Benchmark reservoir performance to identify reserve growth potential
Benchmark assets to identify candidates for acquisition or divestiture
DAKS IQ now supports Cloud deployment and mobile devices, such as the iPad
Many prospects may look economical and interesting when the geological and geophysical data is first assessed. However, for this client, DAKS IQ, helped to indicate that their prospect would require 70% more wells and have 20% lower estimated ultimate recovery than expected. The customer was able to update their project assumptions and make better decisions.
DAKS IQ captures geologic and engineering best practices and lessons learned from more than 1,500 of the world’s most important fields and reservoirs
DAKS IQ has a new completely re-designed interface with focus on improving ease of use, usability and performance
Identify areas for improvement based on proven cases and identify improved recovery methods that have succeeded in similar fields
Use engineering, geological and production knowledge to supplement economic assumptions
When considering acquisition opportunities, lack of understanding can quickly turn what is thought to be a good decision into a losing proposition. Using DAKS IQ can help clarify potential development challenges and help fill any knowledge gaps that might impact the economic success. In this case, the client learned that, water flooding techniques were not likely to result in increased recovery for their project – instead, infill drilling, horizontal drilling and hydraulic fracturing should be considered.
For many evaluation teams the analog exercise is limited by their individual experiences and critical technical issues can be easily overlooked or remain unknown. This makes it difficult to accurately characterize and analyze an exploration play. In this case, the technical staff used DAKS IQ to undertake a full characterization analysis and learned that significant differences in viscosity and resource density could have a major impact on development economics of their project.
DAKS IQ includes more than 1500 comprehensive field and reservoir reports written and reviewed by industry experts to help improve understanding
The ability to capture proprietary reservoir and field knowledge enables you to benchmark your assets against the proven cases in DAKS IQ
Generate and test new ideas for exploration and production
Gain insight into which practices to avoid (e.g., IOR/EOR method) for your project, based on results in DAKS IQ
Additional value can often be found in mature fields even though they have already produced significant quantities of hydrocarbons. The knowledge and lessons learned from global analogs can aid investigating potential solutions, reducing available options and minimizing risks. In this case, analysis using DAKS IQ indicated that recovery factor and life of the field could be increased significantly (7-25%) by applying specific enhanced oil recovery techniques.