Case Study: a major Canadian oil and gas company improves reserves forecasting with Quorum Software's Val Nav

Leading Energy Company Improves Reserves Forecasting

A major Canadian oil and gas company was struggling to generate accurate reserves forecasts and economic evaluations under tight deadlines for its business development projects. The company was using a disjointed system of Excel and third-party tools, which made collaborating with geoscientists and handling large data sets of thousands of wells a significant challenge. They turned to Quorum Software for a solution.

Quorum Software implemented its Val Nav solution, which provided a fully integrated platform for well performance analysis and economic evaluation. The solution enabled fast, accurate auto-forecasting and rapid type curve generation, facilitating better collaboration and leading to higher quality asset valuations. As a result, the client's team could assess opportunities much faster, and the tool's success led to its expanded use for base production forecasting and other business planning purposes across the company.