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.
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Aspen Big Loop™ is an open ecosystem for setting up automated, reproducible and auditable subsurface workflows. The workflows help propagate uncertainties and capture their dependencies while calibrating reservoir models to observed data. The result is reliable probabilistic predictions.
Video:
The Big Loop Ecosystem