Improve analysis productivity of exploration opportunities
Geoscientists and reservoir engineers evaluate resource potential and the chance of success for their exploration plays and prospects through detailed analysis. They feed results into exploration portfolios for decision makers to consider. These processes are often time-consuming and fraught with error. Critical information and assumptions can be lost, out of sync or not timely delivered, which impacts decisions made on capital and resource allocation.
Historically, these data have been managed in file libraries and complex spreadsheets. Rose & Associates and 3GiG have developed a web- or server-based application, Appra, that stores the evaluation data, applying version control through the play or prospect life cycles. Using new automation, Appra allows both scientists and leadership the ability to access, analyze and track exploration decisions, becoming the single source for the value capture of their exploration business.