Velit Workshop in Perth, Australia

We will be hosting a Depth Conversion workshop in Perth, Australia on Friday 7th April 2017 from 10am – 3pm. During the week 3rd – 6th April we will also be available for client meetings to discuss the latest developments to the software in the 2017 release. The main focus of discussion will focus on the ability to run multiple realisations of your best technical case model, with constrained parameter selection per layer, using the ‘easy-to-use’ Wizard.

In the Wizard you can elect to compute volumetrics for your target structure on the basis of fill to spill; i.e. the depth converted surface is analysed for a point of inflection, the spill point, where fluids could escape the structure.  Of course, you can also use an upper surface, lower surface, and a contact for the volumetrics, or even have a randomised contact within known ranges, with volumetrics constrained by polygon if required. The software outputs the data in the form of a spreadsheet with the data table containing rows for each well for each model, with useful stats such as volumetrics, area of closure, spill point XYZ, depth conversion parameters, and so on.

You can then plot these results for analysis. You can plot the volumetric probability distribution function, annotating the P90, P50 and P10 cases and chose to store images for each “height above spill point” surface, which you can sort by increasing volume and display as an animation.  This may indicate potential connectivity between structures for example.  You can also observe the spill point and you can do statistics on the surfaces to generate a probability of closure map.

You can further analyse the data to determine the parameters that have the biggest effect of the volumetrics. The software’s Analysis Module determines a spider plot of the data, which would then indicate the parameter that would give the biggest impact to total gross rock volume for all simulations. You might want to then spend time refining the depth conversion method for that layer and constraining the parameter selection accordingly.

We will review this procedure in our Workshop, but if you would like to know any further information, please contact us on support@equipoisesoftware.com