RESOURCE EVALUATION

NOVEL’s goal has always been single-minded – focus on addressing project risk and uncertainty and find value in the details to provide a true value of Reserve/Resource that plays a crucial role in a business. 

 

We created a series of discrete deterministic subsurface models to address key subsurface uncertainties to test a range of possible development scenarios with a support innovative solutions where traditional solutions are faltering.

 

Leveraging best-in-class datasets and machine learning technology, NOVEL delivers exceptional and unique value through our creative solutions and customised approaches designed for single-well studies as well as fully integrated field or area reviews.

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Our team consists of exploration/production geologists, geophysicists, petrophysicists, reservoir engineers and economists with a strong operational background in reservoir studies in different parts of the world, covering a comprehensive range of reservoir types, structural styles, depositional environments and has extensive experience in subsurface analysis and commercial evaluations in conventional oil, non-associated gas, gas condensate, heavy oil, shale gas, helium, and geothermal resources.