In-person @ the NPD: JIP proposal- Recovery Factor Benchmarking Phase 2

During 2023, OREC RM developed a Recovery Factor Benchmarking tool together with Neptune Energy. This initial phase of the project (Phase 1) focused on building a well organised searchable spreadsheet based on NPD open data (Fact Pages) which aimed to help production and exploration engineers establish base line recovery factor estimates along with their corresponding ranges (uncertainty). The database will form essential quantitative input (and uncertainty) to prospect evaluation, economic robustness during field development, and assessing in-fill targets in mature fields.

Following the initial phase of the project (Phase 1), discussions were held with NPD who encouraged a Phase 2 which includes further work on the database and making the database more widely available by forming a joint-industry project through FORCE.

Dowload the proposal here.

FORCE seminars have previously been fully booked with waiting lists so you are encouraged to sign up as soon as you know you will attend.

Participation fees:
FORCE members: Free
Non-members: NOK 1000,- / webinar: 500,-
University/Students: Free

Important information:

You can register as a FORCE member and pay "FORCE member" price if you are an employee of a member company.
All FORCE member companies are listed here.

Payment is made online by credit card or VIPPS. Please note that no refunds will be given after you have signed up.
If you for any reason cannot attend the workshop, you are welcome to send a representative, just inform Linn Smerud as soon as there are changes. 

If you need to cancel your registration, please use the confirmation e-mail you received when you signed up.

If the seminar/webinar is cancelled, your payment will be refunded. 

For other questions, please contact Linn Smerud or Tone Mydland.

Norwegian Petroleum Directorate org.no: 870917732