TES Innovations Well Economics Platform
Products
Advantage
- Risk Mitigation: The platform incorporates TES Innovations’ prediction failure tools and in-house logarithmic risk analysis, helping operators better understand and mitigate risks associated with oil and gas projects. By analyzing gains and losses at the well level, operators can make more informed investment decisions.
- Scenario Planning: It allows users to run different scenarios to measure potential risks and profits, enhancing the ability to evaluate well profitability under varying market conditions and operational strategies. This capability supports better decision-making amidst the volatility of the oil and gas industry.
- Integrated Data Analysis: The platform processes both offline and online data from fields and wells, enabling continuous, real-time updates on well performance and profitability. This provides operators and production teams with timely insights to optimize field operations.
- Customization for Operators: The profitability tool is designed to be adaptable to each operator’s business model and team functions. The multiple filtering options, such as by business unit, allow for a tailored analysis that aligns with specific organizational needs.
- Enhanced Collaboration: The platform fosters collaboration across teams, such as operators, asset teams, and production engineers. This teamwork helps improve well economics and overall field profitability through shared insights and coordinated actions.
- Value for Multiple Stakeholders: The tool benefits various teams involved in oil production—from operators and production engineers to the different partners team—by providing actionable data that boosts field performance and profitability.