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RoseRA - Prospect Risk Assessment Software
RoseRA is a sophisticated prospect risk assessment software designed for the upstream oil and gas industry. It enhances decision-making by allowing users to build resource and chance assessments, ranging from single zone to complex multi-zone opportunities. RoseRA integrates the expertise of uncertainty and risk analysis, offering efficient workflows and enhanced visualization through various volumetric methods. It supports realistic and unbiased pre-drill estimates, addressing potential biases common in other tools. Users can define distribution shapes and correlations for specific input parameters, enhancing flexibility. The software provides comprehensive outputs, including dashboards with standard and user-defined charts, tabulated input and output distributions, and trial data filtering options for in-depth analysis. It also includes a Corporate Configuration utility, promoting consistent evaluations and comparisons within portfolios. Additionally, RoseRA focuses on Geological Carbon Storage by modeling CO₂ storage mass across different reservoir types. The software runs on a standard Windows PC without requiring third-party applications.
Prospect Risk Assessment software that empowers your decision making
Build resource and chance assessments, from simple single zone to complex opportunities with multiple zones in stratigraphic levels, fault blocks, and wells. Harness Rose’s expertise in uncertainty and risk analysis, seamlessly embedded in the RoseRA tool.
Efficient Workflows and Enhanced Visualization
- ‘Card-style interface’ allows multiple zones to be assessed and aggregated in a single file
- Intuitive guided workflow ensures Day-1 operations
- Intermediate simulation displays and tables ensure inputs can be reality checked
- Results are clearly presented in both tabular outputs and customizable chart dashboards
- Intuitively model any chance dependencies between zones and communicate the impact on the chance of success and aggregate resources
- Customizable to implement corporate best practices and ensure consistency
Realistic and unbiased pre-drill estimates
RoseRA provides instant feedback to users when creating distributions, ensuring that the extreme ends (P99 and P01) can be reality checked. Competing tools make this cumbersome, resulting in the user skipping this crucial step which can lead to unrealistic and biased pre-drill estimates. Your company can define the distribution shapes and correlations available for specific input parameters.
COMPREHENSIVE OUTPUTS
RoseRA provides a comprehensive set of outputs including a dashboard of standard charts showing prospect assessment results, user defined charts, easy to read tabulated input and output distributions, full access to all the trial data with powerful filtering tools, and the ability to export all tables to external workbooks for use with data visualization and other analytical tools.