Petroleum Solution Experts

Core Services

Engineering & Consulting

PSE’s team of experienced engineers and geoscientists are focused on maximizing the value of our clients’ resource assets through analysis, design, and application of reservoir planning and production optimization. Focused innovation and utilization of the latest reservoir and geological modelling software allows us to perform engineering and field development studies in a highly time and cost-effective manner.

engineering Service offered

Reservoir Engineering & Reserve Estimation

PSE prepares reserve estimates in accordance with the standards of the Petroleum Resources Management System (PRMS), which was prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE). Our professionals generate reserve estimates by deterministic or probabilistic methods, including: developed and undeveloped reserves, classifications according to Proved, Probable, Possible, Contingent, and Prospective Resource definitions.

We prepare estimates of reserves and producing rates using appropriate combinations of volumetric, material balance, performance trend, and analogous techniques for:
  • Oil
  • Gas
  • Condensate
  • Shale gas and shale oil
  • Plant products
  • Equity determination and unitization
  • Sizing and design of facilities

Project design for various recovery methods includes:

  • Primary
  • Waterflooding
  • Gas cycling
  • Enhanced recovery
  • Thermal

Reservoir Modeling & Engineering Analyses

The PSE team has decades of combined experience performing the following petroleum engineering analyses:

  • Black oil, compositional, and thermal reservoir simulation
  • Multi-realization static modeling
  • Uncertainty analyses
  • Pressure transient analyses
  • PVT analyses
  • Nodal analyses
  • Field development studies
  • Optimization of well spacing and density
  • Optimization of producing rates and recoveries
  • Evaluation of directional-horizontal drilling projects
  • Evaluation of reservoir surveillance programs
  • Feasibility studies and management of underground storage projects
  • Direct engineering expertise and technical support services

Economic Analyses

PSE offers multi-platform economic analyses employing the most appropriate and industry-applied economic software programs. The experience of our engineering and technical staff allows us to work within our clients’ own economic programs. We provide electronic copies of the economic databases to the client upon completion of the analyses, if requested. Our economic analyses include:

  • Financial reporting studies as required by the United States Securities and Exchange Commission (SEC), the London Stock Exchange (LSE), and the Alternative Investment Market (AIM)
  • Gross and net cash flow projections, before and after income taxes, under Royalty/Tax and Production Sharing Contracts
  • Risked and de-risked reserves and economic projections, including decision-tree economics for exploration potential
  • Cash flows for evaluation of property trades, acquisitions, divestitures, joint ventures, and mergers
  • Forecasts of future oil, gas, and plant product prices
  • Project financing studies
  • Estimates of Fair Market Value by appropriate combinations of accepted appraisal methods
  • Undeveloped mineral or leasehold interests
    • With identified prospects
    • Without identified prospects
  • Developed or partially developed mineral or leasehold interests
    • Producing
    • Nonproducing
  • Working interests, royalty interests, overriding royalty interests, production payments, net profits interests
  • Evaluations for purchase or sale of oil and gas interests, including sensitivity studies
  • Evaluations of bids and Estate valuations
  • Evaluation of reservoir surveillance programs
  • Feasibility studies and management of underground storage projects
  • Direct engineering expertise and technical support services

Geological & Geophysical

Our experienced PSE geoscience staff perform vast array of studies, including:

  • 2D and 3D seismic studies include processing, structural and reservoir characterization interpretations
  • Regional or fieldwide structural, stratigraphic, sedimentology, paleontology and fracture studies and subsurface mapping
  • Estimates of reservoir volumes
    • Deterministic methods
    • Probabilistic methods
  • Geologic studies
    • Exploration and exploitation assessment
    • Analyses of drilling prospects or drilling programs considering risks

Petrophysics

Our experienced PSE petrophysical staff also perform a large variety of studies, including:

  • Open hole and cased hole log analyses
    • Porosity determination
    • Hydrocarbon and water saturation
    • Net and gross pay determination
    • Oil-water, gas-oil, and gas-water contact determination
    • Log quality evaluation
    • Log calibration
    • Lithological studies

 

  • Core analysis studies
    • Core-log relationships
    • Porosity determination
    • Pore size distribution
    • Capillary pressure
    • Formation characteristics
    • Permeability relationships

 

  • Integrated studies
    • Electrofacies analysis
    • Rock typing based on electro-facies analysis
    • Permeability prediction
    • Production logs assessment
    • Identification of Secondary porosity
    • Fracture identification by advanced logs
    • Saturation Height Modelling
    • Anisotropy analysis, Heterogeneity analysis

Well Services

PSE’s well services offering includes:

  • Workover & maintenance
  • Well integrity assessments
  • Well test design, implementation, and analysis
  • Static and flowing pressure and production surveys
  • Well performance analysis and optimization
  • Well stimulation and hydraulic fracturing
  • Well water production control

Procurement

Reducing capital costs and optimizing returns in a low commodity cycle can be challenging for many operators. Our procurement professionals are focused on value realization – this is accomplished through identifying growth opportunities and efficiency savings for our clients.

Key Capabilities:

  • Supply Market Intelligence
  • Spend Analysis
  • Strategic Sourcing and Category Management
  • Opportunity Assessment
  • Procurement Transformation
  • Supply Risk Management
  • Strategic Cost Management
  • Innovation and Technology
  • Change Management