WCC customized a stochastic economic model for development of an oil and gas property. Features include:
WCC performed a process review of a client's 2P & 3P reserve calculations to ensure they comply with the latest SEC reserve definitions. A number of recommendations were made so that documentation of critical "reliable technologies" was complete.
WCC created a custom economic model to forecast SAGD production based on several type wells and a variable drilling schedule. Multiple development scenerios were run on this large project to aid in the preparation of a bid for the property.