Petroleum Engineering & Economics Essentials

Tools and Techniques to Evaluate Unconventional (and Conventional) Wells and Reservoirs

Petroleum Engineering & Economics Essentials (PE2 Essentials) is a comprehensive suite of cost-effective tools comprised of Reservoir Engineering, Production Engineering, Reservoir Simulation, and Petroleum Economics tools

The tools include the LeBlanc Fractured Well Type Curves (SPE 144093, 2011); the LeBlanc-Okouma Power Law (LOPL) DCA model (World Oil, March 2018); and the LeBlanc Artificial Neural Network Recovery Factor model (World Oil, March 2019).

Pro/con

Fully Integrated Package
Includes a production database for secure storage of all raw production data
Standard & Consistent Economic Data for Portfolio Management
Secure & Scalable
Efficient, Flexible, and Extensible
Cost Effective
Benchmarked with other industry tools
Includes the LeBlanc-Okouma Power Law DCA model (World Oil, March 2018)
Monte Carlo techniques and Artificial Neural Network Recovery Factor model (World Oil, March 2019)
Individual tools may not be as feature-ridden as some commercial packages

Specification

Areas of Application Can be used with unconventional | Conventional |Onshore | Offshore | Oil | Gas wells and reservoirs
Capabilities Includes basic versions of software tools that are appropriate for quick-look as well as in-depth analysis.
Data Analysis PDA (Production Data Analysis) is a general rate-time analysis tool which is also the integrator of all the tools.
Database A proprietary production database for storage of all raw production data and | A tools database for storage of all models and forecast data
Economic Tools Scoping/what-if project economics | CAPE (Companies and Assets Performance Evaluation) including PSC fiscal regime
Engineering Tools PVT/Rel Perm Generator | EOS | Monte Carlo Volumetrics | DCA | Monte Carlo DCA | Material Balance | Log Analysis | Recovery Factor Analysis | Pressure Build-up Analysis
Product Hydraulic Fracture Design | THP-to-BHP | EOR Screening | IOR/EOR/Heavy Oil| Artificial Lift Design | Field Development Planning
Simulation Tools Analytical and Numerical Simulators | Streamtube Miscible/Immiscible CO2/WAG Waterflood Simulator | Unconventional Simulator

About Eastex Petroleum Consultants Inc.

Eastex Petroleum Consultants Inc (EPCI) was federally incorporated in Canada in 1986 and re-registered in 2004 as a Nova Scotia-based consulting firm and provides Reservoir Engineering and Production Engineering services to the international petroleum industry. During the 30+ year history of the Company, many projects have been completed throughout the world. EPCI projects have been based in Canada (onshore & offshore), the US, Denmark, Norway, Croatia, Russia, UK, Egypt, Australia and Indonesia.

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