PEDRA™ is built upon a library of oil & gas decision
modules. Each simple but powerful module evaluates the cost, value,
and risk around key recurring decisions in your organization. The library
is expandable and customizable, ensuring that PEDRA™ dovetails with
your organizations practices, processes and business needs.
Modules in the PEDRA™ ever-expanding
library include:
Seismic
The seismic modules help a team evaluate the risk and return of investments
in 3D seismic or reprocessing activities. Issues around data quality,
timing, and value of information are evaluated in a systematic structured
approach. PEDRA™ includes several seismic modules tuned to exploration
and development situations.
Farm-Ins and Farm-Outs
Our deal negotiation modules are designed to enable rapid, real-time
evaluation of alternative deal terms, in both farm-in and farm-out situations.
Built to encompass a variety of standard deal structures, these modules
provide organizations with a flexible way of quickly negotiating the
best deal possible.
Well Design
Designing a well in the face of uncertain subsurface parameters is always
challenging. Inexpensive well designs potentially reduce cost, but at
the expense of increased risk of trouble time, sidetracks, and other
problems. Our well design module provides a concise way for evaluating
these trade-offs and creating the most value from these decisions.
Land Entry
Deciding how much land to buy in an unproven play can be difficult.
A 'land grab' strategy ensures a strong acreage position, but at the
cost of upfront dollars that may go to waste. Land Entry provides clear
analysis of these tradeoffs, resulting in compelling land acquisition
strategies.
For these and other applications, PEDRA™ is designed
to allow everyone in your organization to leverage the best analytics
available, regardless of personal experience and financial expertise.