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.
Assess multiple zones using different volumetric methods in a single prospect analysis.
Select from a multitude of input distributions, apply correlations and graphically QC input distributions.
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.
Bar-Line Chart Analysis of Two Zones Comparing Resource Percentiles and Probability of Exceeding.
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.
Unlocking Insights
Tornado Charts revealing key factors impacting resource uncertainty.
Efficient Trial Filtering for In-Depth Analysis
Unveiling key percentile contributors for investigation, planning, and economics.
Maximize Commercial Success
Use the Pwell function to assess chance of success and resources, mitigate risk, and optimize downdip well location.
Chance dependency can be modeled between multiple zones either at the prospect or chance component level. The insightful charts and tabular outputs clearly communicate the geologic relationships between multiple zones and their effect on the aggregate chance of success and resources.
RoseRA includes a Corporate Configuration utility where a company can define its own metadata options to describe prospects, its own chance components, distributions by input parameter and guidance to users on correlations. This promotes consistent evaluations and the basis for prospects comparisons in PortfolioRA.
RoseRA focuses on Geological Carbon Storage (GCS, a synonym for CCS) by supporting the modeling of possible injection CO₂ storage mass for six different reservoir types. The input parameters contributing to the simulated CO₂ storage yield change for each of the injection reservoirs. When combined with the rock volume, RoseRA calculates the potential range of injected/sequestered CO₂ mass. Tornado charts, tabular data outputs for all inputs/outputs, dashboards, and trial-level results are presented to the user to facilitate rapid QC and further interrogation.
RoseRA runs on a standard Windows PC and requires no third-party software. RoseRA files are saved in an industry standard format and can be organized, managed, and reported on using StoreRA. File simulation results can be stored and retrieved as needed.
To enable Day-1 operation, and to be able to effectively communicate prospect evaluations, RoseRA embeds concepts taught in Rose’s Risk Analysis, Prospect Evaluation and Exploration Economics and Prospect Resources Assessment – Applied courses.
Get in touch with us to see why RoseRA will become an essential element of your risk assessment forecasts. To see firsthand how easy it is to get sophisticated, reliable prospect characterization results, request a trial evaluation.
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