Typical Applications for MatBal® Software
Commercial Viability
All tabular data can be plotted with upgraded graphing tool.
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MatBal’s history matching capability uses initial appraisal data to estimate key reservoir parameters. From this the user can gain an understanding of the size of reserves and subsurface connectivity between reservoirs and aquifer to assess the commercial viability of a new development.
Reserves Estimation and Reporting
Use the reservoir’s reported production history and MatBal’s history matching capability to estimate fluids in place and other key reservoir parameters for ongoing reserves estimation and reporting.
Field Development Planning
Use MatBal’s forecasting capability to produce a first-pass field development plan for green and brown fields including drilling schedules, well workovers, and well abandonment planning. Such plans can form the basis for a later more sophisticated analysis using field development optimization by ReO Forecast™ or full reservoir simulation.
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