Subsurface services
Reserves Calculation / Estimation
Recovery factors and reserve estimates
We assess overall recovery factors for either conventional production decline or water flood or gas flood or the combination of them by analyzing the effect that different factors such as the net to gross ratio and well spacing pattern have so we can determine their impact in the reserve estimations.
The estimated volumes of hydrocarbons, anticipated to be economically producible, as of a given date, are calculated through universal and accepted techniques and standards in the Hydrocarbon Industry. Your corporation or business will receive a package with the different reserve classifications (i.e., P1, P2, P3) that were applied to all of your development projects including but not limited to exploration contingency according to known accumulations.
