aries tm – what’s new in 2010 congratulations to one of our own new workflows and features...
TRANSCRIPT
ARIESTM – What’s New In 2010Congratulations To One Of Our Own
New Workflows and Features
Stochastic Asset Models
Improved Usability
Guy Humphries, P.E..
© 2010 Halliburton. All Rights Reserved. 2
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
Development Drilling Wizard
0
20
40
60
80
100
120
140
0 12 24 36 48 60 72 84 96 108 120
Months
0
200
400
600
800
1,000
1,200
1,400
Th
ou
sa
nd
s
Gas MM/M Inv M$
$
Time Frames
$
Time Frames
MOP EOP
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 4
The ARIES User Group Voting Matrix
Category Source
Rat
ing
Enhancement Requests
0.5 1 7600 Item Description
Economic data entry Pet Dev 1016 Provide Run Log features to access ENTIRE run with options to search for all, errors, or warnings
Graphical analysis CHK 676Enhance PUT ALL function to update CUMS line values for OIL, GAS, CND, and SGS phases if history curve is present on the graph, even if there is no forecast for that phase.
Economic data entry UG 513 Add ability to Delete data lines by qualifier and by scenario (all the quals in the scenario). Also to Duplicate lines.
Economic data entry UG 351 Copy/paste data from Excel into Lookup tables
Graphical analysis BP 282 Add option for automatic PUT All of current forecasts when move to next property in Picklist
Managing properties and data
CHK 271Enable dropdown lists of appropriate corporate values for selected items within the Master table editor. Store these item values in new table.
Graphical analysis Williams 269Provide non-date based memo capability for display on graphs. Allow ad hoc positioning of these "sticky" notes, which is stored for each property
Economic data entryCallon,
Apache, Hunt Oil
269 Add capability for "protected" Economic Run Settings, Input Settings, and Scenarios
Economic data entryCabot, El
Paso262
To compare forecast data for different qualifiers, provide Editor View option to view lines for each of the qualifiers as listed in Scenario, in addition to current option for one or all qualifiers in case
Managing properties and dataPioneer 245Extend the copy and paste in the Picklist so that the TEXT of single or multiple SHOWID's can be pasted into emails, documents etc. Helps to explain which case (including PROPNUM) needs attention, e.g. right mouse "Store ShowID to clipboard"
Managing properties and dataQuestar 227 Expand the table editor column Calculator (sums) feature to also do AVG of highlighted rows
Graphical analysis Denbury 210 Add specific method for water oil ratio vs. cum oil prod forecasting to set reserves limit for oil forecast
Graphical analysisAnadarko, Denbury
199Add method for MultiGraph to "Preview" the economic limit based on current Input Settings and Scenario. Show values in expanded version of Results Box. Provide PUT option to store reduced value as reserve limit on forecast data lines.
Graphical analysis RS,Texland 180Add a MultiGraph entry for "Last Actual Production" date. Actual production data beyond this date would not be loaded to the graph or used in the calculations for CUM or Rem. Any GAP would be filled using back forecast values. Applies also for Summaries.
Economic calculations SEC 164 Provide method to streamline the multiple runs needed for new SEC rules: 1P, 2P, 3P reserve categories
© 2010 Halliburton. All Rights Reserved. 5
ARIES 5000.0.2.0 – Enhancement Delivery
User Group Priorities 2009
0
100
200
300
400
500
600
700
800
900
1000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Item Rank
Item
Rat
ing
Delivered 60% of User GroupPrioritized Enhancement Value
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 14
ARIES: Data Average Calculator In Table Editor
SUM and AVG values for highlighted rows Activate from View menu when table is open
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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
© 2010 Halliburton. All Rights Reserved. 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