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ARIES TM – What’s New In 2010

Congratulations To One Of Our Own New Workflows and Features Stochastic Asset Models Improved Usability Guy Humphries, P.E. ARIES TM – What’s New In 2010. MOP. EOP. Since We Last Met – ARIES 5000.0.1. Upgraded menus, dialogs, and help throughout Project Manager

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ARIES TM – What’s New In 2010

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  1. Congratulations To One Of Our Own New Workflows and Features Stochastic Asset Models Improved Usability Guy Humphries, P.E.. ARIESTM – What’s New In 2010

  2. MOP EOP Since We Last Met – ARIES 5000.0.1 • Upgraded menus, dialogs, and help throughout • Project Manager • Development drilling wizard • Economics • Improved present worth calculations • Edit Undo feature in economics editor • New Canadian tax and royalty; improved sub. phase • Graphics • Set initial Walk point at origin for easier Trend forecasts • Auto setting options for initial curve fit range lines • Monthly average function for daily curves • Persist size and position of graphs on screen • Improved Plots – appearance, plus option to Plot Summaries Only • Modeler • New modeling functions and database connectivity • Additional Excel interoperability functions

  3. Coming In May – ARIES 5000.0.2 • Operating Systems • Continues as 32-bit, multi-threaded application • Primary testing on MS Windows XP 64 • Secondary testing on MS Windows 7 • Distribution and Licensing • Electronic software distribution on LSM, or request DVD • New user license files needed • FlexLM 11.6; R5000 version of LAM needed • Databases • Oracle 10g client • MS SQL Server and SQL Express 2005/2008 • MS Access 2003 and 2007 • Other • Extensive Office 2007 Excel and Word compatibility • 15+ User Group enhancements • 50+ bug fixes

  4. The ARIES User Group Voting Matrix

  5. ARIES 5000.0.2.0 – Enhancement Delivery Delivered 60% of User GroupPrioritized Enhancement Value

  6. ARIES 5000.0.2 Classic Enhancements • Graphics • Ad hoc comments on graphs and plots • Auto saving of decline curve forecasts • Update CUMS for non-forecast phases • Specify last actual production date • Economics • Mass cleanup of obsolete economic data • Expanded Scenario hierarchy search • Editor view of all data lines from full scenario • Streamlined run diagnostics • Project Manager • Average value calculator within table editor • Copy ShowID text from picklist to clipboard • Bigger, faster economic data export • Import DrillingInfo “C” record data • Office 2007 file types supported

  7. ARIES: Ad Hoc Graph And Plot Comments • Interactive annotations • Easily entered and positioned anywhere on a rate-time graph • Display on plots • Can be hidden, or filtered by scenario • Relative or absolute positioning

  8. ARIES: Two Graphics PUT All Options On Graph scheme,Global Forecast tab • Update CUMS even if no active forecast • Auto PUT All when change properties: • NO • PROMPT • YES

  9. ARIES: Last Actual Production Month • Limits historical data used on graphs & plots • Provides consistency • Among different wells • If update actuals in db • Enter MM/YYYY in graph preferences • Applies to properties, groups, and sums • Rate-time, rate-cum, and Trend graphs • Option to displayon plots

  10. ARIES: Mass Deletion of Economic Data Lines • Cleans out old data • Data menu:Delete By Qualifier… • Initially gray, with list of Column 1 qualifiers • Checkmark rows to specify data sections • Select qualifier or <BLANK> for each data section • Powerful feature – use with care

  11. ARIES: Expanded Scenario Hierarchy Search • Simplifies case evaluation and management, such as multiple proved, probable, and possible SEC reserves cases • Up to 10 qualifier names for each data section • Embedded blank names in a data section are removed

  12. ARIES: View All Qualifiers In Scenario • Easier, direct comparisons of data lines • View menu, Full Scenario… • Displays the full set of qualified lines at one time

  13. ARIES: Streamlined Economic Run Diagnostics • Info for up to 5000 cases displayed in run log window • Search buttons for • Next/First Error • Next/First Warning • Either • GoTo button

  14. ARIES: Data Average Calculator In Table Editor • SUM and AVG values for highlighted rows • Activate from View menu when table is open

  15. ARIES 5000.0.2 Modeler Enhancements Complex asset workflows integrated with ARIES Modeler - New name for the International feature to reflect emphasis on complex workflow solutions Models now execute up to twice as fast as before New and improved database and Excel functions Capture of economic monthly calculated input streams in matrix variable New Model Samples Multi-reservoir risk and uncertainty model including probability of geological success Enhanced platform cost allocation sample with monthly economic limit Probable additional (P2) PSC fiscal term case sample

  16. ARIES: Stochastic Multi-Reservoir Sample Model Input geological risk, production and economic uncertainty for multiple reservoirs Stochastic calculations done at the block level to incorporate ring fence provisions Extensive customizable Excel reports

  17. ARIES: Enhanced Cost Allocation Sample Model New model variable captures calculated economic monthly input streams Enables summary level calculations using 1200 months instead of time frame data More platform allocation reporting details

  18. ARIES: Incremental Economic Sample Models By well, field, block, or PSC New sample calculates P2 and P3 reserves without summaries Works for any fiscal regime, including ring fenced PSC’s Updates monthly tables with incremental streams

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