How to understand and report Prospect Volumes The results of Risk & Volume assessments of prospects are often communicated by quoting the POS and the MSV. For example: The POS of the prospect is 45%, and the MSV is 14.7 million barrels of oil. It looks like this says that there is a chance of […]
Tag Archives: Reservoir Management
Maximizing Value in Mature Field Developments: Addressing Late Life Issues in Upstream Oil and Gas Operations
As the global demand for energy continues to rise, the focus on maximizing value in mature field developments has become increasingly important within the upstream oil and gas sector. In order to ensure optimal production levels and a sustainable lifespan for aging assets, it is crucial for companies to address late life issues through comprehensive […]