Friday, December 24, 2010

Expert services to oil and gas projects

Through use and application of its proprietary technology SSL provides the highest level of assurance with respect to reserves quantification:
  • Hydrocarbon Reserves Assessment.
  • Integrated Reservoir Modelling
  • Reserves Simulaton
  • Oil & Gas Development Studies
  • Expert Opinion & Peer Review
  • Commercial Audit of Projects & Joint Ventures
SSL has developed a unique proprietary and award winning innovative technology for quantifying the effects of uncertainty in sub-surface Oil & Gas reservoirs:
the Stochastic Reservoir Engine ("SRE").
The company uses a completely novel approach to reservoir simulation that enables petroleum engineers to analyse data gathered from Oil & Gas fields more efficiently and more accurately than ever before. The end result is a better understanding of sub-surface uncertai nty through a thorough statistical examination of tens of thousands, in some cases even millions, of possible outcomes, all of which honour the real world input data. This means that the option of having to make do with just a few select models to guide development planning, the situation that has existed  in the industry since reservoir simulation began, is now a thing of the past.
In practical terms, this enhanced understanding allows better decisions to be made in an industry where multi-million dollar investment decisions are considered the norm. In a published case study using the SRE methodology, it was shown that a 15% increase in the value of an oil field investment was identified. This translates into an enormous dollar benefit to those operating the field.
In simple terms the SRE offers the highest level of assurance with respect to reserves quantification available in the petroleum industry today and as such will be of great interest to operators, investors and government agencies.

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