Schlumberger Merak Peep 2022

Available versions: 2022.1 , 2021.1 , 2019.1 , 2017.2.1

Also available : Petrel , Techlog , Eclipse , Intersect , OFM , Omega , Petromod , Pipesim , Drillbench , iam , Malcom , Vista , Omni , Olga , Merak Peep , Mepo , Symmetry , Flaresim , Geox , Dox , TDas , DesignRite , DesignPro, Insitu Pro , WellBook , Span Rock , WingLink , InnerLogix , GeoFrame , FloidModeler , Seabed , Hydro GeoAnalyst , Aquachem , PD Plot, FracCade , CemCade , SandCade , StimCade , CoilCat , EORt , AquiferTest .

Merak Peep is a software product for evaluating the economic efficiency of both individual projects and complex programs, investment portfolios, providing convenient work with projects, consistency and data security, as well as effective and flexible economic analysis taking into account risks and uncertainties. Based on the initial data, users can calculate cash flows and KPIs, generate reports and analyze the results to use them in making investment decisions.

Benefits

• Standardization of economic calculations – the use of a unified methodology for calculating and ranking investment projects in all divisions of the company
• Consistency of economic data – using common economic assumptions for a group of projects – pricing documents, inflation indicators, exchange rates, rates and discount methods
• Control of the integrity of the source data and their quality
• Transparency and reliability of the fiscal model calculation algorithm
• Comprehensive analysis of economic projects at any level of the company, including taking into account risks and uncertainties
• Conducting economic analysis for various engineering works, such as: planning geological and technical measures at wells, selecting the optimal development scheme, estimating reserves
• Secure storage in a database and processing of large amounts of information (up to 100,000 investment projects).

Functionality

• Functional separation of objects, the ability to simply change the macro parameters or the logic of calculations and recalculate all projects taking into account the new conditions
• Using the database as a central repository of all documents with separation of access rights to individual objects; easy management of levels and access rights for individual users or groups of users based on accounts
• The ability to aggregate projects on any basis and conduct analysis at any level of the company
• Calculation of any key performance indicators of projects, taking into account all payments and features of the fiscal regime – net present value, rate of return, profitability index and others
• More than 200 ready-made standardized fiscal models from the Merak Fiscal Model Library (FML) , developed by our specialists, as well as the ability to design your own model
• Visualization of the sequence of calculations using a special module Merak Peep Model Visualizer (PMV)
• Generation of production forecasts with the built-in decline curve analysis module
• Visualization of input data of individual projects and groups of projects in the form of graphs and tables with the ability to simply make and save changes
• Analysis of uncertainties and risks of individual projects and consolidated projects using the tools of the Merak Decision Toolkit (such as sensitivity diagrams Tornado and spider, decision trees, as well as more complex problems using the Monte Carlo method)
• An easy way to report on projects: reports on individual assets and compiles summary tables of performance indicators
• Visualization of calculation results in the form of graphs, the ability to compare different scenarios for individual projects and groups of projects
• The ability to expand functionality and integrate with other programs and systems using the Merak Peep Development Kit (SDK)
• Integration with systems engineering company “Schlumberger” – platform Petrel, hydrodynamic simulation the ECLIPSE , analysis and control of complex production OFM .

Release updates

Merak 2021.1 includes a number of release updates, new features, and issues resolved.

• VOLTS can now be configured for multiple parent categories to track the full development cycle of the reserves. The categories are configured in Merak Administration Console. With this feature, users can now follow the PRMS guidelines for reserve and resource classifications.

• The VOLTS Analytics templates are enhanced to save the scope and filter settings along with the template.

• In VOLTS Analytics, the filter section is narrowed based on the Scope selected.

• The VOLTS Analytics Indicator Grid has a quick filter section that enables custom and quick filters on the grid.

• The VOLTS Analytics Indicator Grid can be exported to PDF.

• The VOLTS Analytics PDF export feature allows to include an image in the PDF. This feature can be used to add a company logo to the PDF report.

• A lightweight VOLTS Analytics independent installer is available for on-demand analytics of the VOLTS data.

• Monthly and daily production rates can be uploaded using the Peep Excel data loader plugin.

• For the Peep batch documents, additional permission to edit the sensitivity of the batch documents is added in MAC.

• The ability to lock the input data based on configurable start and end dates is introduced.

What’s new in Merak 2021.1

A number of new features and enhancements have been included with 2021.1 Merak release.

VOLTS Multiple Parent categories can be configured in Merak Administration Console

under Categories for tracking the full cycle development of the reserves in VOLTS.

VOLTS Analytics While saving the template, the templates are enhanced to include scope and filter settings.

VOLTS Analytics Filter selection is narrowed based on the Scope selected.

VOLTS Analytics Indicator Grid has a quick filter section that enables custom and quick filtering within the grid.

VOLTS Analytics An image can be included in the PDF export.

VOLTS Analytics A lightweight VOLTS Analytics independent installer is available for on-demand analytics of VOLTS data.

Peep Excel Loader Both, monthly and daily production rates can be uploaded using the Peep Excel data loader plugin.

MAC Permissions For the Peep batch documents, additional permission to edit the sensitivity of the batch documents is added in MAC.