Spotting Opportunities Never Gets Old
Whether you're thinking about getting in or getting out of a mature field, we can help make sure you don't overlook value or bypass pay.
Staying Ahead of the Drill Bit
Extraction solutions allow NUTECH to monitor reservoir performance with the selective addition of new data and address unexpected decreases in production. This results in the maximization of extracted reserves.
Addressing Production Decline
By following specific strategies and templates created for the reservoir, NUTECH assists in planning to optimize development and monitor performance. When production begins to decline unexpectedly, reservoir modelers and engineers review current drilling and production results to verify the reservoir is being developed and behaving as planned.
Extending the Pay Zones
As development extends from the original targets, perhaps above or below the initial pay zones, NUTECH selects spots to collect critical data and monitors potential variability encountered in the reservoir. Full interpretative services are utilized in order to further calibrate reservoir models and completion templates.
Determining the Value of the Asset
NUTECH can play a vital role in assisting customers who are considering acquisition and divestiture of an asset that has been producing for a time.
- Determining remaining oil in place
- Identifying recompletion opportunities
- Identifying bypassed pay
- Establishing the drainage regions
All of these help us attach a value to the asset so the customer can make smart decisions about its future.
Relevant Questions
Value. Reservoir Intelligence was built around identifying and proving value for our clients. When clients engage a Reservoir Intelligence (RI) team, the team is focused on delivering the expected value outlined in our project scope. From our perspective it can be just as valuable to select the right opportunity in the heart of a reservoir or increase production as it is to know when to pass on an investment opportunity or divest an asset. We work to define and address the risk associated with our clients’ decisions and overall strategies.
NUTECH focuses on understanding your needs, your current problems and your future goals. Once defined we will conduct a feasibility study if needed in order to characterize the reservoir. Following our initial analysis, NUTECH’s Reservoir Intelligence (RI) team will present a project scope aimed to provide solutions for your needs. Upon agreement, a Project Lead and supporting RI team will be assigned in order to deliver results. The Project Lead acts as your constant conduit for communication and project updates through project delivery.
We work with every player in upstream oilfield operations. Clients include operators, oilfield service companies, transaction advisors, as well as capital funding and investment groups. Projects cover all phases of a reservoir’s life cycle from Green Field exploration, Gold Field validation and optimization, to Brown Field extraction.
Exposure. We have been analyzing conventional and unconventional reservoirs as a team since 1998. With nearly 100,000 logs analyzed and 25,000 fracture stage designs from almost every prospective and producing basin from around the globe, NUTECH provides our clients with the confidence that we can make an immediate impact with their decision-making. NUTECH delivers informed decisions to clients with a speed that only comes from such exposure.