Business Value

Exploration companies and prospect generators have consistently reported benefits including:

• Improved lease acquisition decisions from the ability to analyze five to ten times more wells in the same amount of time, aiding fast development of exploration models covering thousands of acres.
• Faster property evaluations based on saving 75 percent of the time formerly spent creating normalization plots, monitoring offset operators, and calculating reserves and production.
• Improved leverage of 3D seismic investment by using field and production data in high volumes to define survey parameters.
• Enhanced ability to secure funding for prospects due to recognition of quality, comprehensiveness and breadth of the data analyzed.

Business process gains. Operators also report the following positive impacts on their preferred work processes and outcomes:

• Improved ability to validate and identify the seismic response of reservoir targets in the deepwater Gulf of Mexico amongst the various age trends under different depths, pressures, temperatures and fluid types.
• Greater confidence in property evaluations and drilling prospects in Louisiana and Texas , where state data is only reported at the lease/unit level. IHS's detailed allocated data, calculated and provided by well, allows you to study well crude, casinghead gas and water production profiles based on initial production and subsequent well tests, as well as map individual well production by zone.
• More confident property evaluations and original oil/gas-in-place estimates from using exceptionally accurate cumulative historical production figures.
• Improved basis for buy/sell negotiations through generation of highly credible estimates of reserve potential.
• Greatly reduced time and increased confidence in the screening process, which encompasses studying hundreds of opportunities, narrowing the list to a handful and assessing one opportunity in depth – all without the need for significant outside verification of the data.