(WO) – TGS announced that the latest enhancement to its innovative cloud-based oil and gas analytics platform, Well Data Analytics, now offers economic models and data. The newly added dataset helps deliver real-time well economic statistics, providing users with valuable insights into the performance of oil and gas assets, based on highly accurate well data and industry-specific cost models. well.
By integrating this data into the Well Data Analytics platform, TGS enables users to perform accurate forecasts of economic scenarios, providing personalized and adaptable data solutions tailored to customer needs.
Distinguished by its user-friendly interface and customizable inputs, TGS well economics is aimed at both geoscientists and financial professionals. Users can customize analytics based on specific needs, setting a new standard in accessibility and usefulness.
Carl Neuhaus, vice president of onshore products at TGS, said: “Our well data analytics platform leverages the largest and most accurate library of well data in the world. By adding economic data, we can now offer additional insights for the client’s asset valuation process. This transformative tool reshapes financial decision-making in oil and gas exploration, setting unparalleled standards with its innovative features.
The incorporation of well economic data enhances the TGS Well Data Analytics suite, translating geological information, completion data and well productivity into comprehensive net present values and wellhead breakeven prices.
These updates are designed to help oil and gas companies navigate today’s economic complexities, supporting informed decision-making.