With time and budget focused on improving things elsewhere while the reliance on spreadsheets is an issue that resonates with many, the ‘good enough’ approach is often felt to be sufficient. But with fewer exploration wells now being approved for drilling and with success rates so low, perhaps this is in fact an outdated method of evaluating portfolios that is indeed broken.
You worry that your portfolio is disconnected from any database or geological data sources. The visibility over the entire exploration portfolio is poor and you fear that sooner or later, you will miss some incorrect resource estimation and, therefore, make a poor decision for where to invest your companies limited resources. Surely there must be a solution to your problems? There is, and it’s called PLDB.
Dear Steve...I have been using the Probabilistic Resource Calculator (PRC) in Petrosys PRO successfully to create risked volumes of my prospects. However, I now find myself struggling to manage our exploration portfolio on spreadsheets. Is there a better way to manage the evolving portfolio? Yes, you can, It's called PLDB.
A significant new release, dbMap/Web 2020.1 continues to expand and improve on wells functionality with the introduction of Multi-value (FMI) data in the well log viewer.
2019 has been a particularly busy year for the Petrosys development gurus, with major new functionality being added to Petrosys PRO, dbMap and PLDB. The response from our users has been outstanding – here are some of the Petrosys 2019 software release highlights.
