GeoX Software Value Assessment

Achieving production objectives with full stochastic evaluations

APPLICATIONS The GeoX* exploration risk, resource, and value assessment software provides a comprehensive
■■ Assessment of after-tax economic value and flexible approach to model exploration, development, and production activities. Combined with
and reserves an innovative activity-based modeling approach for associated cost and revenue, GeoX software
■■ Hubs, clusters, blocks, and plays supports consistent probabilistic evaluation of after-tax NPV and commercial risks.
■■ Conventional and unconventional assets The GeoX software value assessment provides a comprehensive, flexible approach to model
BENEFITS ■■ exploration, development, and production activity durations
■■ Rapid assessment with model-based ■■ costs and revenues that drive project after-tax economic return
generation production and cash flows ■■ activity-based scenarios with consistent probabilistic evaluation of after-tax
■■ Full stochastics value assessment honoring NPV and commercial risks.
all risks and uncertainties
Full-cycle evaluation of leads and prospects focuses on commercial opportunities from the beginning.
■■ Common database for effective management
Unique documentation, validation, and interpretation functions—combined with an integrated
of the exploration portfolio
database—support and promote effective decision making.
■■ Global fiscal library for consistent evaluation
of international opportunities The GeoX software evaluates the results of drill-out forward exploration projects, providing
■■ probability of achieving economic and production objectives
FEATURES
■■ Fully integrated with assessment
■■ variation of project composition guides
of prospect risks and resources ■■ selection of an optimal exploration portfolio.
■■ Staged and conditional exploration
and exploitation activities
■■ Field-based and well-based
production models
■■ Relational database and global
fiscal library

Outcome tree of the GeoX software full-cycle model.

Rapid, activity-based economics

The GeoX software provides full-cycle screening to create a model that directly relates to the underlying
subsurface risk and resource assessment. Using an intuitive activity-based modeling framework
allows the integrated analysis of exploration, appraisal, development, and production activities.
Uncertain durations and costs are linked to well performance parameters or predefined standard
templates. The activity model generates full stochastic production and cash flow profiles, calculating
after-tax NPV, internal rate of return, and probability index. The native trial browser allows rapid
analysis of individual or combined outcomes. The GeoX software also enables the review of outcomes
to validate, interpret, and communicate results.
 GeoX Software Value Assessment
Integrated assessment workflows
The GeoX software database links full-cycle value assessments with subsurface
-1,300 Gas/oil contact: 1,364m
Oil/water contact: 1,364m risk and resource assessments as well as rigorous exploration portfolio evalutions.
-1,350 Full-cycle models mirror the structure, risks, and uncertainties in the subsurface
-1,400
to handle clusters, hubs, and incremental exploration opportunities with staged
Depth, m

and conditional exploration and exploitation activities. Updates to subsurface

-1,450 estimates are directly reflected in full-cycle evaluations and exploration
portfolio results.
-1,500

-1,550
International portfolio with best opportunities
Optimizing and ranking of international portfolios—through project
performance related to the differential impact of fiscal terms—is enabled
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Exploration in the GeoX software. Full-cycle analysis provides accurate modeling
Appraisal of concessions and production shared contract (PSC) fiscals with fiscal
FPSO Oil terms and click-and-point definitions of special terms.
Oil Only Prod
SSTA Gas Portfolio composition evaluation
Gas Prod The GeoX software provides a complete overview of your portfolio
SSTA Gas/Oil versus your objectives, which enables
Tie-Back
Oil Prod
■■ assessment of corporate portfolios to determine the forward
Gas Prod exploration plan
0 ■■ analysis of commitment wells while optimizing overall exploration
30.0 portfolio performance
0 25.0 ■■ evaluation of exploration opportunities around a hub or concession
20.0 ■■ alternative portfolio evaluations and portfolio optimization assessment
1e6 STB OE

15.0 ■■ various reports such as wedge diagram, probability profile,

NPV, color bar chart, and portfolio composition bubble charts.
10.0

5.0 The GeoX software validation and interpretation functions—combined

with an integrated database—facilitate, support, and promote effective
0.0
decision making.
2015 2017 2019 2021 2023 2025 2027 2029 2031

The GeoX software provides trial-by-trial modeling, subsurface model and exploration,
and exploitation of projects.

slb.com/GeoX

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Copyright © 2015 Schlumberger. All rights reserved. 15-IS-65196