Integrated Economic Asset Evaluation
When evaluating areas for new investment or locations for operational expansion, a techno-economic asset evaluation is a key decision making tool. The economic viability of a field’s development can best be understood and analyzed by combining exploration and reservoir characterization techniques with statistical hazard and resource assessments. The examination of key resource availability, from water and sand, to infrastructure-in-place, and potential environmental risks, will provide an understanding of the factors involved in the study area, outside of the reservoir. When combined with the reservoir level assessment, the full techno-economic evaluation helps you to understand all of the factors that can affect the potential profitability of a field.