Feasibility Studies & Risk Assessments
We will work with you to ensure that every drilling, completion, workover, or intervention project is technically sound, economically viable, and operationally safe. Our structured approach to feasibility studies and risk assessments minimizes uncertainties and maximizes success.
Our Approach:
- How we evaluate feasibility: Ensuring your project is achievable and profitable.
- How we assess risks: Identifying and mitigating potential challenges before they arise.
- How we deliver value: Providing clear, actionable recommendations for decision-making.
1. Feasibility Studies – Ensuring Project Success
Before any project begins, we conduct a comprehensive feasibility study to answer critical questions:
A. Is the Project Technically Achievable?
- Geological & Reservoir Analysis:
- Review seismic data, well logs, and core samples.
- Assess reservoir pressure, temperature, and fluid properties.
- Well Design & Engineering:
- Optimize casing design, drilling fluids, and completion techniques.
- Evaluate rig capabilities and technology requirements.
- Lessons from Offset Wells:
- Analyze nearby wells to avoid past mistakes and adopt best practices.
B. Is the Project Economically Viable?
| Category |
Details |
| Cost Estimates |
Breakdown of drilling, completion, and intervention costs. |
| Production Forecasts |
Expected flow rates, recovery rates, and well lifespan. |
| Return on Investment (ROI) |
Financial modeling (NPV, IRR, payback period). |
C. Are Operations Practical?
- Logistics & Infrastructure: Site access, supply chain, and equipment availability.
- Regulatory & Environmental Compliance: Permits, safety regulations, and environmental impact assessments.
Deliverable: A Feasibility Report with clear Go/No-Go recommendations.
2. Risk Assessment – Safeguarding Your Investment
Even the best-planned projects face risks. Our proactive risk assessment ensures safety and efficiency.
A. Identifying Potential Hazards
| Project Phase |
Key Risks |
| Drilling |
Wellbore collapse, kicks, stuck pipe |
| Completion |
Sand production, screen plugging, casing failure |
| Workover/Intervention |
Formation damage, equipment failure, well control issues |
| Environmental |
Spills, leaks, groundwater contamination |
B. Quantifying & Mitigating Risks
- Risk Matrix: Ranking risks by likelihood and impact.
- Bow-Tie Analysis: Mapping causes, consequences, and preventive barriers.
- Mitigation Strategies:
- Engineering Controls (e.g., real-time monitoring, robust well design).
- Operational Controls (e.g., strict drilling procedures, well barriers).
- Emergency Plans (e.g., blowout response, spill containment).
Deliverable: A Risk Register with prioritized actions to minimize downtime and costs.
3. Why Choose Benorch Energy Services LTD?
- Expertise: Decades of experience in complex drilling & completions.
- Advanced Tools: Cutting-edge softwares for precise modeling.
- Proven Results: Successful projects delivered on time and within budget.
- Safety-First Approach: Zero compromises on HSE compliance.
Next Steps
- Review Feasibility & Risk Reports – We’ll provide detailed documentation.
- Finalize Project Plan – Adjustments based on findings.
- Execute with Confidence – Minimized risks, optimized returns.
Let’s discuss how we can make your project a success!