Method for economic valuation in seismic to simulation workflows

• US 7,778,859 B2
• Filed: 08/28/2006
• Issued: 08/17/2010
• Est. Priority Date: 08/28/2006
• Status: Expired due to Fees

• Current Assignee: Schlumberger Technology Corporation (SLB)
• Original Assignee: Schlumberger Technology Corporation (SLB)
• Inventors: Miiller, Colin, Bouzas, Horacio R., Obreiter, Bill, Lolomari, Tony, Pricope, Alex, Brady, Jim
• Primary Examiner(s): Jeanty; Romain
• Application Number:
  US11/510,976
• Publication Number:
  US 20080052097A1
• Time in Patent Office: 1,450 Days
• Field of Search: 705/7, 705/8
• US Class Current: 705/7.11
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 10/063 Operations research, analysis or management
• CPC Class Codes: G06Q 50/02 Agriculture; Fishing; Forestry; Mining
• CPC Class Codes: G06Q 50/06 Energy or water supply

Abstract

A method is disclosed for performing economic calculations in petro-technical workflows, comprising: designing an economic model including, building and running an economic calculation, the building and running step including, opening an economics dialog box, clicking an economics calculation tab in the economics dialog box, clicking a settings tab in the economics dialog box and configuring a set of settings for the economic calculation, and clicking a run button in the economics dialog box to perform the economic calculation.

Claims

1. A computer-implemented method for performing economic calculations in petro-technical workflows, comprising:

designing a computer-implemented economic model including,

building and running an economic calculation in a petro-technical workflow using one or more processors, the building and running step including,

opening an economics dialog box,

clicking an economics calculation tab in the economics dialog box,

clicking a settings tab in the economics dialog box and configuring a set of settings for the economic calculation,

clicking a run button in the economics dialog box to perform the computer-implemented economic calculation,

wherein the step of clicking the economics calculation tab in the economics dialog box comprises defining a set of basic economic calculation parameters for the economic calculation using one or more processors, and

wherein the step of defining a set of basic economic calculation parameters for the economic calculation using one or more processors comprises;

(a) choosing to create a new run or overwrite an existing run;

(b) choosing an economic model upon which to base the economic calculation;

(c) specifying identifiers for which data is obtained; and

(d) specifying one or more simulations from which data is obtained for the economic calculation;

wherein said set of basic economic calculation parameters is selected from the group consisting of an economic model that will be used for the economic calculation, a set of wells or groups or field for which the economic calculation will be performed, and a set of simulations whose data will be used as inputs for the run.

2. The computer-implemented method of claim 1, wherein the building and running step further comprises:

clicking a mapping tab in the economics dialog box and defining mappings for Ethane, Propane, and Butane.

3. The computer-implemented method of claim 1, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

editing a set of properties of said economic model.

4. The computer-implemented method of claim 3, wherein the step of editing a set of properties of said economic model comprises:

clicking a general tab, and

selecting a desired fiscal model,

selecting a file button to use existing oil price, and

setting a gas price and a propane price and a butane price and an ethane price, and

clicking an operating cost tab, and

specifying fixed operating costs for each active producer or injector well per month,

specifying the operating costs for oil, gas, water, or injection, and

specifying the operating costs for propane and butane and ethane; and

clicking a capital cost tab and specify capital expenditures.

5. The computer-implemented method of claim 1, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

creating a new economic model.

6. The computer-implemented method of claim 1, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

deleting the economic model.

7. A program storage device readable by a machine tangibly embodying a set of instructions executable by the machine to perform method steps for performing economic calculations in petro-technical workflows, the method steps comprising:

designing an economic model including,

building and running an economic calculation, the building and running step including,

opening an economics dialog box,

received a click on an economics calculation tab in the economics dialog box,

receiving a click on a settings tab in the economics dialog box and configuring a set of settings for the economic calculation,

receiving a click on a run button in the economics dialog box to perform the economic calculation,

wherein the step of receiving a click on the economics calculation tab in the economics dialog box comprises defining a set of basic economic calculation parameters for the economic calculation, and

wherein the step of defining a set of basic economic calculation parameters for the economic calculation comprises;

(a) choosing to create a new run or overwrite an existing run;

(b) choosing an economic model upon which to base the economic calculation;

(c) specifying identifiers for which data is obtained; and

(d) specifying one or more simulations from which data is obtained for the economic calculation;

wherein said set of basic economic calculation parameters is selected from the group consisting of an economic model that will be used for the economic calculation, a set of wells or groups or field for which the economic calculation will be performed, and a set of simulations whose data will be used as inputs for the run.

8. The program storage device of claim 7, wherein the building and running step further comprises:

receiving a click on a mapping tab in the economics dialog box and defining mappings for Ethane, Propane, and Butane.

9. The program storage device of claim 7, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

editing a set of properties of said economic model.

10. The program storage device of claim 9, wherein the step of editing a set of properties of said economic model comprises:

receiving a click on a general tab, and

selecting a desired fiscal model,

selecting a file button to use existing oil price, and

setting a gas price and a propane price and a butane price and an ethane price, and

receiving a click on an operating cost tab, and

specifying fixed operating costs for each active producer or injector well per month,

specifying the operating costs for oil, gas, water, or injection, and

specifying the operating costs for propane and butane and ethane; and

receiving a click on a capital cost tab and specify capital expenditures.

11. The program storage device of claim 7, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

creating a new economic model.

12. The program storage device of claim 7, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

deleting the economic model.

13. A computer program adapted to be executed by one or more processors, said computer program, when executed by said processor, conducting a process for performing economic calculations in petro-technical workflows, the process comprising:

designing an economic model including,

building and running an economic calculation in a petro-technical workflow using said one or more processors, the building and running step including,

opening an economics dialog box,

receiving a click on an economics calculation tab in the economics dialog box,

receiving a click on a settings tab in the economics dialog box and configuring a set of settings for the economic calculation,

receiving a click on a run button in the economics dialog box to perform the economic calculation,

wherein the step of receiving a click on the economics calculation tab in the economics dialog box comprises defining a set of basic economic calculation parameters for the economic calculation, and

wherein the step of defining a set of basic economic calculation parameters for the economic calculation comprises;

(a) choosing to create a new run or overwrite an existing run;

(b) choosing an economic model upon which to base the economic calculation;

(c) specifying identifiers for which data is obtained; and

(d) specifying one or more simulations from which data is obtained for the economic calculation;

wherein said set of basic economic calculation parameters is selected from the group consisting of an economic model that will be used for the economic calculation, a set of wells or groups or field for which the economic calculation will be performed, and a set of simulations whose data will be used as inputs for the run.

14. The computer program of claim 13, wherein the building and running step further comprises:

receiving a click on a mapping tab in the economics dialog box and defining mappings for Ethane, Propane, and Butane.

15. The computer program of claim 13, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

editing a set of properties of said economic model.

16. The computer program of claim 15, wherein the step of editing a set of properties of said economic model comprises:

receiving a click on a general tab, and

selecting a desired fiscal model,

selecting a file button to use existing oil price, and

setting a gas price and a propane price and a butane price and an ethane price, and

receiving a click on an operating cost tab, and

specifying fixed operating costs for each active producer or injector well per month,

specifying the operating costs for oil, gas, water, or injection, and

specifying the operating costs for propane and butane and ethane; and

receiving a click on a capital cost tab and specify capital expenditures.

17. The computer program of claim 13, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

creating a new economic model.

18. The computer program of claim 13, wherein the choosing step (b) for choosing an economic model comprises:

choosing the economic model; and

deleting the economic model.

19. A computer system for performing economic calculations in petro-technical workflows, comprising:

one or more processors configured to design and implement an economic model including,

building and running an economic calculation in a petro-technical workflow, the building and running step including,

opening an economics dialog box,

clicking an economics calculation tab in the economics dialog box,

clicking a settings tab in the economics dialog box and configuring a set of settings for the economic calculation,

clicking a run button in the economics dialog box to perform the computer-implemented economic calculation,

wherein the step of clicking the economics calculation tab in the economics dialog box comprises defining a set of basic economic calculation parameters for the economic calculation, and

wherein the step of defining a set of basic economic calculation parameters for the economic calculation comprises;

(a) choosing to create a new run or overwrite an existing run;

(b) choosing an economic model upon which to base the economic calculation;

(c) specifying identifiers for which data is obtained; and

(d) specifying one or more simulations from which data is obtained for the economic calculation;

wherein said set of basic economic calculation parameters is selected from the group consisting of an economic model that will be used for the economic calculation, a set of wells or groups or field for which the economic calculation will be performed, and a set of simulations whose data will be used as inputs for the run.