Rose and Associates Releases MMRA v4-3

January 20, 2010 at 4:55 am Leave a comment

Rose & Associates announced the release of a major enhancement to MMRA, the workhorse of the company’s Prospect Risk Analysis Suite. MMRA probabilistically calculates the resource potential of a prospect and the probability of commercial success. 

            Based on extensive client feedback, MMRA v4-3 replaces v4-2 with broadly enhanced functionality to allow users to model prospects better using new distribution shapes and numerical clipping. MMRA v4-3 includes six distribution shapes with the addition of beta, uniform and any customized shape imported from the Toolbox. Users can now define numerical clips at the high or low extreme ends and determine whether values outside those clips are re-sampled between the clips or spiked at that clipped value.

            The new release also has new estimating methods and options. For example, new Area versus Depth estimating methodology allows the capture of area-depth (or GRV-depth) pairs with the ability to select from multiple variables for defining fluid contacts. Hydrocarbon saturated gross/net rock volumes are simulated between defined top and base reservoir surfaces above the simulated water contact. 

            The updated Scenario estimating method facilitates import and aggregation of up to five previously simulated MMRA oil/gas resource volumes. A new Number of Sands option in the Average Net Pay determination enables multiple individual sands to be independently sampled for their thickness, net/gross ratio and geometric correction factors. There is also an improved correlation methodology that uses Gaussian copulas for defining sampling values between related distributions

            Other new features include:

  • Ability to output values from all iterations for further detailed analysis;
  • Ability to transfer input and/or output fields in batch to GIS for visualization with other spatial data, or quantitative assessment via common risk segment mapping – both via our partnership with Priemere GeoTechnology and their Power Tools for ArcGIS;
  • Improved Scatter Chart functionality that provides insight into input values contributing to P10, Mean, P50 and P90 EUR volumes.; and
  • Added VeriSign digital certification for security purposes.

www.roseassoc.com

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Entry filed under: Financial and Back Office Solutions. Tags: , , .

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