Market Evaluation
To determine the value of the crude in the marketplace, downstream specialists are brought into the process. Using a full crude assay to better understand processing needs they decide the highest value options. This would include analysing the costs versus value associated with processing and transportation, and other economic and production variables and risks.
Through analysis of the thermodynamic and physical properties of live and stock-tank heavy oils, it is possible to simulate production conditions in the field, from the reservoir to the processing plant.
Software systems assist with the economic evaluation of a project enabling comparison of values across a full portfolio. Simulators for cold and thermal production, when combined with production forecasting systems, also make invaluable economic evaluation tools.
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