Major Canadian Venture’s Group Uses Val Nav for Well Forecasting and Economic Evaluation
Major Canadian Venture’s Group Uses Val Nav for Well Forecasting and Economic Evaluation
1 PagesA major Canadian oil and gas company’s New Ventures Group used ExcelTM and third-party tools for well performance characterization and asset valuation. Generating accurate, value-adding analysis within the tight time constraints of business development projects was a struggle. Aucerna’s Val NavTM provides a fully integrated well performance analysis and economic evaluation solution. The New Ventures Group evaluated multiple vendors and solutions assessing their ability to meet key criteria which included: • Capability to handle large data sets of thousands of wells • Economic evaluation functionality • Functionality to accelerate collaboration with geoscientists (mapping features) • The ability to turn-around BD projects in a time sensitive environment Following deployment of Val Nav
