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ARIES Modeler – What’s New In 2010

New Workflows and Features Stochastic Asset Models Ian Pattie, P.E. ARIES Modeler – What’s New In 2010. ARIES Modeler – Unconventional Resources. Designed specifically for Shale, CBM and other unconventional resource plays

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ARIES Modeler – What’s New In 2010

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  1. New Workflows and Features Stochastic Asset Models Ian Pattie, P.E. ARIES Modeler – What’s New In 2010

  2. ARIES Modeler – Unconventional Resources • Designed specifically for Shale, CBM and other unconventional resource plays • Integrates stochastic economics consistent with new SEC guidelines • Calculates P10, P50, and P90 reserves • Stochastic aggregation to any hierarchy level

  3. ARIES Modeler – Complex Asset Models • Designed specificallyfor deep water, multi- reservoir, and other complex projects • Automated drillingwell scheduler • Platform cost allocation • Incorporates geological and development probabilities of success

  4. ARIES Modeler – Fiscal Terms (PSCs/PSAs) • Extends the ARIES solution worldwide • Designed specifically for Production Sharing and Service Contracts • Models are stored and managed on secured databases • Models are maintained as a Landmark service or by customer experts • Consolidates results across models globally

  5. Coming In May, ARIES 5000.0.2 Modeler 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 Model Samples New 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

  6. 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

  7. 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

  8. Ring-Fenced Stochastic Multi-Reservoir Sample Model for 5000.0.2 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

  9. Previously added in ARIES Modeler 5000.0.1 Suite of database functions added to modeler Supports ARIES and other databases Save model calculated results such as daily forecasts, statistical data, incremental monthly case forecasts etc. Can use the modeler to integrate workflows within ARIES that currently require several steps or 3rd party applications. Multi-well stochastic economics sample Model is template for shale gas, CBM, GOM and offshore prospects Quick start for unconventional resource economic analysis. Calculates mean, P10, P50, and P90 reserves.

  10. Modeler Functions for Excel™ in 5000.0.1 Copy and rename worksheets, including imbedded charts Launch macros by name from within a model Create new or replace existing Excel files Added statistical functions that are compatible with Excel results

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