Frequently Asked Questions
Frequently Asked Questions
An analog / analogue is a comparative example. In geology, there are many analogs including outcrop, seismic and field analogs. In oil and gas exploration and production, geoscientists and engineers use field or reservoir analogs to learn from past experience.
Comparing new prospects and new fields with proven reservoirs requires a detailed and exacting classification of depositional environments, reservoir characteristics and production performance.
C&C Reservoirs’ knowledge base comprises the world’s most important fields. It is based on exhaustive research and cross checking by some of the world’s most experienced exploration geologists and reservoir engineers. Our knowledge base is continually updated and extended.
Analogs provide the opportunity to learn from other fields and understand best practices. Comparing prospects and plays with other fields reveals similarities and differences, all with levels of certainty. Interrogating and understanding the reasons behind the differences reveals issues and opportunities. In turn these inspire new ideas, help hone solutions, reduce uncertainty and help teams make better E&P decisions.
C&C Reservoirs’ Digital Analogs Knowledge System (DAKS) is an online knowledge base and a set of powerful data analytics tools that provides best practices and lessons learned from the world’s most important fields and reservoirs. It is based on a pioneering classification system comprising more than 400 geological and engineering parameters. All data is researched and verified by some of the world’s leading geoscientists and reservoir engineers.
Use the multiple search algorithms to find analogs for your play, prospect or field. Benchmark your opportunity against the world’s most important fields to enable improved decision-making and assistance in finding and producing more oil and gas.
DAKS is used by the world’s most successful oil and gas companies. Geoscientists, reservoir engineers and portfolio managers working in new ventures, prospect generation, risk assessment, reserve booking, field development, production operations, and portfolio management can all gain immense benefit. Indeed, anyone looking to assess risk, calibrate uncertainty, optimise field development and gain insight across portfolios will find DAKS invaluable. It is embedded in the processes and systems of the most successful E&P companies.
Placing critical reservoir information at your fingertips combined with powerful data analytics tools saves immense time. C&C Reservoirs’ DAKS empowers explorers and producers to find and produce more oil and gas. It helps calibrate subsurface uncertainty, reveal new exploration and production ideas and predict production performance throughout the E&P lifecycle. It also helps portfolio managers assess the optimal investments and support reserve bookings. DAKS helps you learn from best practices and experiences from nearly every basin, play, and reservoir type in the world.
While no two prospects are identical, many features are comparable within and between basins. Thus comparing prospects with successful exploration ventures worldwide can reveal new drilling ideas. Discovery thinking requires an open mind and a mind filled with a knowledge of what is possible and what is proven globally.
Using subsurface geological analogs is a simple yet powerful and cost-effective technique for generating new exploration ideas in both frontier plays and mature basins. DAKS provides an unrivalled knowledge base and tools to analyse prospects, reveal new ideas, test ideas and reduce the costs of finding oil. It allows geoscientists to test if their play concepts are valid and calibrate uncertainty for all aspects of a geological model. It is integral to the exploration processes of many of the world’s most successful oil exploration companies.
During appraisal and early field development there are many uncertainties regarding the potential field performance. Comparing new plays with analogous producing reservoirs helps better estimate recoverable reserves, future production performance, and thus optimise recovery methods.
DAKS contains a wealth of reservoir knowledge such as well type, number of wells, well rate, EUR/well, production rate and recovery methods as well as other relevant information such as fluid type and drive mechanism. Benchmarking your field against all of these variables will reveal new ideas and best practices to help you recover more hydrocarbons.
DAKS also helps screen investment opportunities in mature or abandoned fields and reveal ideas to rejuvenate fields. By identifying fields with matching geological and engineering parameters new opportunities to apply alternative new recovery technologies are revealed. Just a small percentage increase in recovery or production efficiency can return $ billions to your stakeholders.
Global stock markets and other stakeholders are placing increasing pressure on E&P companies to deliver consistent earnings and asset growth.
In managing E&P portfolios, senior management must decide where to invest or divest to optimise returns. It therefore helps to understand and rank E&P investment opportunities and strike the right balance between short and long term investment.
DAKS is powerful in assessing all your fields on a like with like basis, and against the world’s most important fields. Benchmarking fields using DAKS portfolio characterization tool clarifies your asset value drivers, common portfolio themes, and which fields are under or over-performing. In turn it also helps verify production potential against accepted SEC standards and reveal opportunities to grow reserves or production.
All helps senior management better invest or divest to meet stakeholder expectations. DAKS is integral to the portfolio management processes of several of the world’s most successful oil and gas companies.
Benchmarking is an integral part of decision support and it is a continuous process of checking against reality and identifying opportunities for improvement. Any apparent anomalies that are revealed must be explained and accounted for before any investment decision is made. Benchmarking provides the necessary assurance to avoid unpleasant surprises and helps to establish reservoir technical limits and identify opportunities for reserve growth. Benchmarking also enables users to calibrate and scrutinize performance predictions on all potential field developments against what has been achieved from fields with a longer production history.
Recording, analysing and classifying data creates knowledge. In turn comparing knowledge with global benchmarks reveals insights to boost performance and potentially give you an advantage over others. In oil and gas exploration and production, companies strive to organize data and information systematically in order to learn lessons from the past and better plan for the future. However, in the real world, this seldom happens fully. Possible reasons include changes in personnel, strategic priorities, cost controls and simply pressure on time. DAKS provides an easy-to-use and very rigorous classification system and process to standardize, record and analyze information on E&P assets. In turn this allows rapid benchmarking of assets against global ‘best practices’. This is useful in discovering or diagnosing issues and revealing new opportunities and solutions.
C&C Reservoirs knowledge base contains more than 400 text and numerical attributes for the world’s most important oil and gas fields. It covers both reservoirs and fields. Our pioneering classification system comprise 250 geological variables or parameters and 150 engineering parameters. Data is based on extensive research and cross-checking. This means that the reservoir and field data is captured consistently and then codified into a digital database. Thus turning data into knowledge that can be compared with your own fields. It is the most detailed, quickest and cost-effective way for teams to learn lessons from global oil and gas discoveries.
All field reports are compiled using information from reputable technical journals and conferences in multiple languages, national databases, corporate disclosures, and operator and agency relationships. The analysts who compile our oilfield reports are seasoned post graduate geoscientists and reservoir engineers with over 25 years of oil industry experience. Their greatest skill is in building a knowledge base from diverse, sometimes contradictory data sources, and describing a self consistent geological model that explains how the reservoir characteristics influence production performance. The application of rigorous standards, consistent rules and clear guidelines together with a pioneering classification system supports our experts. We continuously update field evaluation reports and digital knowledge base / table of parameters whenever new data and information become available. To stay updated subscribe to our news channel to know when new or updated content is added.