Reserves Evaluations Services
Reserves evaluation is the process of forecasting estimated petroleum volumes, often called future production profiles, anticipated to be commercially, economically and technically recoverable from producing and planned wells in known oil and gas accumulations. The consultant classifies oil and gas reserves as proved, probable and possible. Proved has the highest certainty level that an estimate of ultimate recovery will be reached or exceeded. Probable and possible have relatively lower confidence levels, respectively.
IBIS Energy experts have delivered reliable and comprehensive reserve evaluation reports that provides confidence in investment decisions our clients. Some of our services are listed below:
- Reservoir engineering: estimation of oil, condensate, gas, and natural gas liquids reserves
- Undeveloped reserves potential and classification
- Development planning assistance and expertise in both undeveloped and underdeveloped fields
- Economic evaluations
- Data room representation
- Technical data preparation, gathering, and interpretation
- Equity redeterminations
- Probabilistic volumes estimations
- Probabilistic geologic and economic chance factor assessment
- Probabilistic portfolio appraisal estimations
- Production contingencies
- Development of structural and stratigraphic reservoir and volumetric models
- Determination of fluid properties, recoverable volumes, and projected producing rates
- Development plans
- Capital and operating expense profiles
- Potential revenue projections
