Well Lifecycle Management - Wellcore :: Prospect Portfolio Management

Are you certain that your top prospects, as identified six or more months ago, still have the best ROI available based on today's information?

Are your best well prospects stored in the minds and personal computers of your geologists, leaving you vulnerable to employee attrition?

Are you able to compare actual time, cost and production numbers to original estimates in order to determine a project's ongoing economic viability?

Wellcore Prospect Portfolio Management provides a central repository for information, analysis and evaluation of all potential well site prospects.

Continuous prospect evaluation

Wellcore allows you to continuously incubate, evaluate and rank prospects to ensure investment in opportunities with the highest rate of return. Capital spending decisions can be made or changed on an ongoing basis, ensuring that revenue potential is optimized.

Retain corporate memory

Wellcore's central database provides a single, central repository and access point for all ideas, concepts and well prospects, protecting your intellectual property and eliminating data silos.

Real-time project economics

The economics of a prospect are dynamic and change daily based on forecast time lags, field events, actual costs and realized production. Wellcore automates post-project reviews and real-time economic viability assessments to ensure that your capital is being deployed efficiently and ROI is maximized.

Integrate with Wellcore Project Control & Cost Management

Wellcore Prospect Portfolio Management integrates with Wellcore's Project Control & Cost Management module where prospects are further defined, assessed for viability, evaluated and approved or rejected.