Technical Services


Engineering & Geology

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Oil and Gas Postings offers technical services for engineering and geology through our Strategic Alliance Partners. We always believe that working together is the best strategy, and effective cooperation and collaboration is key. The following services listed below are our current offerings. If you would like to know more about our technical services please send us an email at admin@oilandgaspostings.com

Reservoir Engineering

  • Production decline analysis & forecasting
    • A model-based technique used to identify oil and gas well production problems and predict well performance and life based on real production data. Models include exponential decline, harmonic decline, and hyperbolic decline.
  • Deterministic reserve or resource estimates
    • Reserves estimation is referred to as deterministic if a single best estimate of reserves is made based on known geological, engineering, and economic data.
  • Reservoir characterization
    • Through a partnership, we offer an advanced reservoir characterization service through accurate measurements to better understand the reservoir and to optimize its lifetime performance. Reservoir characterization includes determining reservoir architecture, establishing fluid-flow trends, constructing reservoir model, and identifying reserve growth potential.
  • Reservoir development strategies
    • The main objective of the reservoir development is to maximize the asset value. Reservoir development strategies begin with the exploration and appraisal well phase and end with the abandonment phase of a particular field to establish the course of action during the productive life of the asset.

Petroleum Geology

  • Volumetric resource calculations
    • Volumetric estimates of Original Oil In Place (OOIP) and Original Gas In Place (OGIP) are based on a geological model that geometrically describes the volume of hydrocarbons in the reservoir.

Operations Engineering

  • Cost estimation (AFE)
    • Preparing cost estimates for a well and getting management approval in the form of an AFE is the final step in well planning. The AFE is often accompanied by a projected payout schedule or revenue forecast. Although an essential part of well planning, the cost estimate is often the most difficult to obtain with any degree of reliability.
  • Recommendation for design of well tests, workover, and completion
    • We help you make the most of your well test with powerful software and decades of experience.

Oil & Gas Economics

  • Field development scenarios
    • We perform analysis to optimize the field development scenarios such as number, type and location of wells, level of field production, etc.
  • Discounted cash flow modeling
    • The discounted cash flow (DCF) analysis represents the net present value (NPV) of projected cash flows available to all providers of capital, net of the cash needed to be invested for generating the projected growth. The concept of DCF valuation is based on the principle that the value of a business or asset is inherently based on its ability to generate cash flows for the providers of capital. To that extent, the DCF relies more on the fundamental expectations of the business than on public market factors or historical precedents, and it is a more theoretical approach relying on numerous assumptions. A DCF analysis yields the overall value of a business (i.e. enterprise value), including both debt and equity.
  • Risk & sensitivity analysis
    • An important component of play and prospect assessments is the analysis of the explorations risks. There is a high degree of risk (geological, development, political, and environment) and uncertainty in the exploration for oil and gas. The purpose of risk assessment is to estimate the probability of a commercial discovery prior to drilling a mapped exploration prospect. We analyze the potential value of exploration prospects/plays by relating risk and uncertainty to the potential reward of a discovery. Quantification of risk and uncertainty can direct exploration by ranking opportunities and potential rewards in terms of barrels or an expected monetary value.