Breakthrough technology for oil reservoir optimization

Digital and analytical methods for oil optimization

Brownfields suffer from higher operating costs, declining oil production, aging equipment, and a complex subsurface configuration of pressure and saturation. These issues make redevelopment concepts requiring substantial new investment less attractive and risky.

Deloitte’s Digital Oil Recovery^TM Powered by FOROIL is a highly innovative production enhancement and optimization solution that delivers the short-cycle benefits the industry requires.

Digital Oil Recovery^TM Powered by FOROIL isn’t “mere analytics;” it is a patented and tested oil recovery technique that can rapidly deliver increased production and reserves at dramatically reduced capex/bbl.

Digital Oil Recovery^TM uses a patented technique that combines highly sophisticated mathematics with reservoir physics, then applies machine learning, cognitive analytics, and massive parallel computing. The result is a behavioral model that describes what the reservoir does, to complement your geological model that describes what the reservoir is. The behavioral model can screen over 15MM potential field development plans in 24 hours, finding the optimum plan tuned to your objectives.

In just four months, Digital Oil Recovery^TM can create a production forecast that is 95 percent (or greater) accurate, along with an actionable, optimized field development plan. This can create immediate and substantial impact without adding organizational or technical implementation complexities.

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Digital technology: Accelerating production, maximizing value

The Digital Oil Recovery^TM process has been tested in dozens of reservoirs globally. Production increases of over 20 percent have been realized with de minimus capital investments; moderate capital investments have yielded production increases of 35 percent and greater.

Digital Oil Recovery^TM is a truly digital solution; combining production data you already possess with sophisticated mathematics, reservoir physics, artificial intelligence, and massive parallel computing. Digital Oil Recovery^TM complements your geological model with a tool that accurately models the behavior of the reservoir. Using Digital Oil Recovery^TM you will have:

• A reliable production forecast years into the future;
• Additional production and reserves at a dramatically reduced capex/bbl;
• A fresh view of brownfield assets; renewed options for portfolio management; 
• Increased cash flow capital/balance sheet flexibility;
• All within four months, with minimal disruption to your existing people, processes, and programs
  

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Modeling the reservoir’s complex behavior

Digital Oil Recovery^TM creates a representation of the dynamic behavior of the reservoir from a mathematical starting point—to supplement your geologic one—to more effectively model the complex behavior of the reservoir.

Once the model is built, Digital Oil Recovery^TM uses large parallel computing power to rapidly make a guided scan of the massive and complex solution space by running millions of scenarios overnight to identify the optimal production solution for given financial, operational, and resource constraints.

By creating the opportunity to add low-capital, short-cycle growth opportunities to portfolios that need new options, Digital Oil Recovery^TM helps create needed optionality for the interplay between your portfolio, financial performance, capital spending strategy, and balance sheet.

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Digital Oil Recovery™: Unearthing new value

Deloitte and FOROIL combine to deliver Digital Oil Recovery™ Powered by FOROIL, uniting our digital experience in the oil and gas industry with a tested digital oilfield recovery technique designed to rapidly deliver shareholder value.

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Learn more

To learn more about Digital Oil Recovery^TM Powered by FOROIL, view these reports:

• Petroleum Economist: Digital Oil Recovery^TM – Expanding reserve and production optionality with digital technologies
  
• World Oil: Case studies in optimizing brownfield production without capital investment
  

In the news

• Machine Learning: FOROIL sees opportunities in brownfield development: In this recently published interview in the Deloitte Module of CFO Journal, Scott Sanderson, principal, Deloitte Consulting LLP, discusses with Hugues de Saint Germain, founder and chairman of FOROIL, how the company’s patented system works to get more production from brownfield assets.

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Let's talk

Scott Sanderson Principal, Deloitte Consulting LLP scsanderson@deloitte.com
Hugues de Saint Germain Chairman and Founder, FOROIL SAS chairman@foroil.com