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MEFS (Minimum Economic Field Size) definition

Is it important for you to define a filter between commercial and non-commercial projects or opportunities?
For example, there is a project in deep-water or remote area in which very large investments shall be involved. It is critically important to understand minimum volumes of recoverable oil or gas that will make the project an economic success.
Application of Geonomix enables prompt calculation of MEFS (Minimum Economic Field Size) that will make it possible to recover all planned investments. The obtained MEFS may be further used to truncate subeconomic volumes from reserves distributions and estimate probability of Economic Success (Pe). Moreover, the key factors affecting MEFS can be identified and analyzed (e.g. oil price, well productivity, net thickness, etc.)
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See the case study
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Use the form below to get in touch with the Geonomix team.
Name *
Email *
Phone *
Company name
Message
I agree to the processing of personal data
Send a Message
Request demo