Goescientists frequently spend a lot of time building elaborate models in complex software. There is of course a place for this, and some fantastic software packages are on the market. They are great. Big fields can require it. However big complex models are time consuming, expensive, and difficult to maintain.
There is also a danger sometimes that we become a little bit too habitual in our desire to build nice looking models. Sometimes the best thing we can do, even in the 21st century, is get out some paper and colour pencils, and a calculator. The fact is though, with a vast array of free software and good cheap software circulating online, we can do a whole lot better than that.
PAETORO is spending time documenting these workflows and software offerings and putting them into practice.
The aim is not just to do things cheaply, but to re-awaken our imaginations and remind ourselves that we have the best supercomputer & modelling tool of all sitting just above our shoulders. The winning strategies are not usually about getting the right software, but about getting the right ideas - and brilliant as a lot of software is, a large software budget is not a pre-requisite for that.
The global oil industry is in a time of consolidation. A lot of spend that has not been questioned for many years, is now being treated with a lot more caution. At PAETORO we view this as an opportunity to rediscover what can be done without the need for very large software expenditures, and the results can be surprising - in a good way.
There is also a danger sometimes that we become a little bit too habitual in our desire to build nice looking models. Sometimes the best thing we can do, even in the 21st century, is get out some paper and colour pencils, and a calculator. The fact is though, with a vast array of free software and good cheap software circulating online, we can do a whole lot better than that.
PAETORO is spending time documenting these workflows and software offerings and putting them into practice.
The aim is not just to do things cheaply, but to re-awaken our imaginations and remind ourselves that we have the best supercomputer & modelling tool of all sitting just above our shoulders. The winning strategies are not usually about getting the right software, but about getting the right ideas - and brilliant as a lot of software is, a large software budget is not a pre-requisite for that.
The global oil industry is in a time of consolidation. A lot of spend that has not been questioned for many years, is now being treated with a lot more caution. At PAETORO we view this as an opportunity to rediscover what can be done without the need for very large software expenditures, and the results can be surprising - in a good way.
Some key workflow tools employed by Paetoro
The following are tools Paetoro has purchased or developed to facilitate cheap & quick yet effective budget-constrained opportunity evaluation. We are aware many consultants are out there at the minute trying to achieve cost-efficiency, so we hope this can be of assistance:
Purchased but cost-effective G&G software:
G&G Freeware:
Paetoro tools:
Purchased but cost-effective G&G software:
- ArcGIS & ArcGIS Pro (Geospatial data analysis)
- Zetalog (well log analysis)
- RE ToolKit (PVT analysis)
- Crystal Ball (volumetrics, economics, miscellaneous Monte-Carlo probabilistic analysis & decision trees)
G&G Freeware:
- OpendTect (seismic interpretation)
- DigitizeIt (log & data digitising)
- Petromod 1D Express (basin modelling)
- Blueview (log viewer)
Paetoro tools:
- Excel based oil, gas, and condensate Monte Carlo analysis for probabilistic prospect volumetrics
- Excel based 1D SGR fault seal analysis
- Excel based source volumetrics
- Excel based pressure data analysis
- Excel rock physics based risking