Our discussions with the reservoir engineers at the company showed that the reserves estimation process was complicated primarily because they had to use several disparate, equally complex tools to estimate reserves.

Sieger & Co created a single tool called PE Workbench to solve this problem. This tool handles all aspects of the volumetric reserves estimation process. All steps in the process are now tightly integrated with each other, greatly reducing the overall complexity.

The Sieger & Co designed tool carried out its calculations much faster than the tools it replaced thanks to its use of CPU multi-threading for long running calculations, and its use of machine vision (a branch of artificial intelligence) to greatly simplify reservoir contour map delineation.

These improvements drastically reduced the turn-around time on reserves estimation tasks. This reduction allowed Reservoir Engineers to much more quickly estimate reserves for existing fields - when new data became available or as required by regulators/stakeholders, and for new fields being considered for acquisition