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Chevron Corporation 2000 Reserves Review

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					   PC-Reserves/Spotfire Interface



New Spotfire Link to PC-Reserves
  Accelerates QC and Reserves
            Reporting

            John Pederson
            ChevronTexaco
           October 15, 2003


                              Spotfire User’s Conference Oct. 2003
       PC-Reserves/Spotfire Interface


Presentation Outline

   Motivation
   Project Introduction & Objectives
   Challenges
   DecisionSite Application
   Benefits
   Future Opportunities

                                        Spotfire User’s Conference Oct. 2003
      PC-Reserves/Spotfire Interface


Motivation
   Reserves



   Knowledge Management
    – efficiency
    – company merger
      » what we know
      » what we don’t know
      » where is the information

                                   Spotfire User’s Conference Oct. 2003
               PC-Reserves/Spotfire Interface
Introduction




      Definitions:
 PC-Reserves: Reserves
 reporting Database
 Opco: operating
 company
 RAC: Reserves Audit
 Committee
 SBU: Strategic
 Business Unit
 Asset team: field level
 team
                                        Spotfire User’s Conference Oct. 2003
      PC-Reserves/Spotfire Interface

Project Objectives

   Standardize format for reserves data and
    knowledge transfer between project teams and
    groups
   Improve consistency of reserves data
   Increase discovery rate for opportunities
   Provide a platform for enhancing other work
    processes related to reserves analysis



                                         Spotfire User’s Conference Oct. 2003
            PC-Reserves/Spotfire Interface
Steps To Support the Reserves Review Process:
  Input/Access Reserves Data
  QC Data
  Report Data – consolidate and merge

Workflow:
                           PC-Reserves

PC Reserves – Excel -
Powerpoint

       or

PC Reserves –
                           PC-Reserves
Spotfire


                                         Spotfire User’s Conference Oct. 2003
            PC-Reserves/Spotfire Interface

    Challenges
                PC Reserves        - corporate reserves database

   Time spent populating database
   Used for all ChevronTexaco fields
   PC-Reserves program is robust
    and versatile (complicated).
   Data display (plotting) is limited to
    exporting data to Excel.
   Valuable data is not being used to
    its fullest.



                                                        Spotfire User’s Conference Oct. 2003
          PC-Reserves/Spotfire Interface

 DecisionSite Application

Phase 1:
Link to Spotfire
from PC-Reserves

                            New Spotfire Button
(pushes data from
 corporate database
 to Spotfire)




                                       Spotfire User’s Conference Oct. 2003
               PC-Reserves/Spotfire Interface

    DecisionSite Application Phase 2:
   Build Spotfire Tools       Develop Process Guides
        Old Tools (Excel)   - PC Reserves Guides

     1. Charts                  Data Retrieval Guide

     2. Sort                    Peer Comparison Guide

     3. Filters                 Data Analysis Guide
                                Data Validation Guide
           New Tools            Asset Characterization Guide
     1. Data Access
     2. Ratio Generator     - Project Output

     3. QC-Flag Bad Data        1. QC Reports
     4. Pareto Chart            2. Reservoir Opportunities
     5. Log Normal Tool         3. Input to Portfolio Analysis
                                4. RAC Reports
                                5. Interactive Database
                                                        Spotfire User’s Conference Oct. 2003
         PC-Reserves/Spotfire Interface

Relationship of
 PC-Reserves
and Spotfire to
  the Review
    Process




        PC-Reserves



                                  Spotfire User’s Conference Oct. 2003
PC-Reserves/Spotfire Interface




      Interaction between all visualizations
                                       Spotfire User’s Conference Oct. 2003
PC-Reserves/Spotfire Interface


                             Opportunity
                              Example
                            • Reservoir Level
                            • OOIP
                            • Reserves
                            • Waterflood Flag


                               Purple Area
                                highlights
                                 potential
                                waterflood
                               opportunity



                         Spotfire User’s Conference Oct. 2003
PC-Reserves/Spotfire Interface


                             Opportunity
                              Example
                            • Reservoir Level
                            • OOIP
                            • Reserves
                            • Waterflood Flag


                                   Select
                                 reservoirs
                             • <45% recovery
                             • not waterflooded




                         Spotfire User’s Conference Oct. 2003
        PC-Reserves/Spotfire Interface

Benefits

Improves Annual Reserves Review
 Reserves Data Access (no database knowledge needed by end user)
 QC reserves data
    – negative values,
    – unrealistic recovery factors
    – …
Enables year around data analysis by multiple groups
 Quicker Analysis for waterflood opportunities
 Quicker Analysis for two stage completion in gas cap




                                                       Spotfire User’s Conference Oct. 2003
       PC-Reserves/Spotfire Interface

Future Opportunities
 Data Analysis from multiple databases
 Improved Process Guides to automate data analysis work
  flows
 Posters (global internet access for collaboration and
  review)
 Secondary Query Devices
 “Plots on Demand”
 Scale By Value Pie Charts




                                              Spotfire User’s Conference Oct. 2003
PC-Reserves/Spotfire Interface
Future Development

Multi-                                                                                      Exponential Decline Table     Slider Area

frame                                    R/P Template Method - McElroy                            EL Factor (El/IP)
                                                                                                       .05 .10 .15 .2
display-
                           20
                                                                                  .04
                           15                                                                      1
                                                                                  .05

             R/P - Years
                           10                                                     .06              .


currently                  5                                                      .08       R/P    5
                                                                                  .10
                           0                                                                       .
                                                                                  .12

not                         0.7   0.75    0.8       0.85
                                                CUM EU OIL %
                                                      R
                                                           0.9   0.95    1
                                                                                  McElroy         20


available                                                                                   Details, Decline rate,
                                                                                            IP, EL,, rate table etc.    Details on Demand

            Nominal Remaining Life Plot
 R/P
 analysis   Rate                                                             Np                        Similar plots for each
                                                                                                         decline method
 page                              Time, years




                                                                                                                        Spotfire User’s Conference Oct. 2003
    PC-Reserves/Spotfire Interface
  Future Development

Reserve                                                                       P ie C hart


Page
                       PROD UCTION_percent, 1% P6_percent, 1%ROIP_ 3P_percent, 1% P1D _percent, 1%
                                                              P5_percent, 6%
                                                         P4_percent, 7%
                                                       P3_percent, 3%


Review                                                P2_percent, 7%




Page                                                                                         P1U _percent, 73%


                                                                              P ie Ch art




                                                                P1U, 34%




                                                                                             P1D, 66%




                                                                               Pie C ha rt


Plots                     PRODUCTION_percent, 1% P6_percent, 1%ROIP_3P_percent, 1% P1D_percent, 1%
                                                                P5_percent, 6%
                                                            P4_percent, 7%
                                                         P3_percent, 3%


change as                                               P2_percent, 7%




you select                                                                                   P1U_percent, 73%

                                                                   Scaled by value
individual                                                               Pies are from the
fields                                                                   year selected and
                                                                         can be by SBU
                                                                         asset team, field,
                                                                         reservoir



                                                                                                           Spotfire User’s Conference Oct. 2003
PC-Reserves/Spotfire Interface




                         Spotfire User’s Conference Oct. 2003
PC-Reserves/Spotfire Interface


Acknowledgements:
CVX:        Karen Newcomb
            Dale Meek
            Mark Ruths
Spotfire:   Joseph Taylor
            Tim Loser
    ChevronTexaco and Spotfire for
      permission to give this talk


                                Spotfire User’s Conference Oct. 2003
PC-Reserves/Spotfire Interface


       Thank you!

           ????



                         Spotfire User’s Conference Oct. 2003
      PC-Reserves/Spotfire Interface


   Extra Slides




                               Spotfire User’s Conference Oct. 2003
    PC-Reserves/Spotfire Interface



   Quick access to multisource data
   Instant data visualization into multiple views
    – Interlinking of data between the different views
    – Easy query sliders “zero in” on interesting data
   Process Guides capture work processes
    – Standardizes best practices
    – Automates standard analysis
   Dynamic data analysis as fast as you think
    – Screen and sort thru large quantities of data
    – Non-stop “what if” scenarios
   Tools to create ppt slides and web pages
                                              Spotfire User’s Conference Oct. 2003
              PC-Reserves/Spotfire Interface


Server Based
                                                                   Dynamic
Information
                                                                    Queries
Interaction
• Guides
• Tools
                                                                    Details
• Resources
                                                                      on
                                                                    Demand




                      Dynamic Visualizations

     DecisionSite User Environment             Spotfire User’s Conference Oct. 2003
   PC-Reserves/Spotfire Interface




Select any element quickly
                             Spotfire User’s Conference Oct. 2003
       PC-Reserves/Spotfire Interface




Add Multiple attributes to the visualization
                                               Spotfire User’s Conference Oct. 2003
      PC-Reserves/Spotfire Interface

Phase 2 started          -Develop Process Guides
 (examples)
 Data Analysis guide
            •Ratio Generator tool
            •Show a bar chart and table of top 10 fields based on
            R/P
            •Show a bar chart and table of bottom 10 fields based
            on R/P
            •Make new column that is a sum of P1 to P3 reserves
 Data Validation guide
    Tool to flag bad data:
          i. Negative values
          ii. Find those where Current P1+Cum Prod > Cum
        Reserves
                                                    Spotfire User’s Conference Oct. 2003
                 PC-Reserves/Spotfire Interface
Portfolio Analysis                     DS for Reservoir Analysis



 Risk

                           Other
                        Opportunitie
        Reward               s



Production Anomolies                   Field Size Distribution




                                                        Spotfire User’s Conference Oct. 2003
PC-Reserves/Spotfire Interface

     DecisionSite   (Spotfire)




                                 Spotfire User’s Conference Oct. 2003

				
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