f Model Evaluation Using PetroVR

PetroVR is a versatile tool which allows sub-surface, surface, cost, schedule and economics calculations to be performed for estimating the value of development options using one of a range of possible sub-surface performance representations. At its core, each well in a development project is represented in PetroVR using a production function i.e. a table representing potential well rates and ratios v cumulative well production. These production functions can be anything from simple declines curves to explicit profiles derived from a detailed reservoir simulation.