Merak Fiscal Model Library

Overview

Library

A world-class collection of standardized fiscal models

The Schlumberger fiscal modeling experts—backed by many years of experience in modeling fiscal regimes worldwide—maintain a library of standardized fiscal models. The models are exceptionally flexible, making them crucial in the valuation of reserves, exploration prospects, and new ventures.

Research, consistency, and transparency

The Merak Fiscal Model Library provides more than 180 standardized fiscal models for use with Merak Peep software.

The standard model library is available through an annual subscription, and includes

quarterly updates to the library, including updates to new and existing regimes
assumption sheets that detail fiscal terms, contract legislation, model structure, and default model settings
negotiable fiscal terms that are easily viewed or modified through user-friendly interfaces and that do not
require knowledge of Merak Peep modeling.

Custom fiscal model solutions are also available. While they do not provide access to the standard library models, they do include

a purchase and maintenance approach in which clients own the finalized model
quarterly updates of the economic functions, documentation, and utilities
a consulting service for customization of models, training, and support.

Benefits

Ensure your planning, risk, and reserves systems satisfy the most stringent regulatory requirements with

standardized economic models that provide data integrity and confidence in your evaluations
quick access to Merak models for new regimes or when regimes change
the ability to focus more time on analysis and decision-making, instead of on fiscal modeling
exposure to all fiscal terms, making the Merak Fiscal Model Library ideal for contract negotiations
a consistent look and feel that reduces training costs
extensive selection of standard reports that enables you to audit each calculation, barrel, and dollar to each party, using a material balance approach.

Consulting services

The features and options of the Merak Fiscal Model Library provide great flexibility. However, because they are standardized, some evaluation or reporting requirements need customizing.

Schlumberger consultants can assist you with your specific needs and help with evaluations, negotiations, and modeling requirements, and streamline corporate reporting and planning systems.