QRI's Value Proposition

Increasing Production, Reserves and O&G Capital Efficiency

QRI has a very simple definition of value creation: to increase production, reserves and capital efficiency. This is our value proposition to the industry.

Our advisory services include in-depth rapid analysis, and high-level strategic planning. Our projects entail world-class reservoir management practices, technology deployment, and development/revitalization of oil assets. The broad aim of these initiatives is to improve reservoir management practices company-wide, with specific emphasis on raising ultimate recovery efficiency.

Through our own proprietary services, and top-down, metrics-driven approach to reservoir management, QRI has a proven track record of tackling difficult technical challenges within the field. This has resulted in improved reservoir performance for major national oil companies (NOCs) worldwide. Our approach ensures long-term sustainability of current production rates, and provides a roadmap for achieving increased production along with continued reserves replacement.


Value Creation through Production Sustainability

QRI has found a way to maximize and enhance the extraction of oil at each phase of the life cycle: faster ramp-up time, longer plateaus of production and slower declines.

Application of modern reservoir management best practices generates not only opportunities for rapidly raising production levels, but also achieves and sustains forecasted targets.

QRI enhances value at each stage of oilfield life cycleQRI provides a comprehensive forecasting methodology allowing our clients to scientifically establish, track and monitor production targets. Targets can be assigned by asset, complex or portfolio depending on the project focus. Modern reservoir management practices are then applied in line with client and industry benchmarks. Multi-disciplinary workshops and reservoir management training round out the programs.

Value Creation through Reserves Appreciation

Historically, the ability to find new oil reserves and develop them in a cost-effective manner has been a contributing factor to the failure of the industry to improve recovery rates beyond current levels. However, the historic model no longer fits in today's world.

Historically, the ability to find new oil reserves and develop them in a cost-effective manner has been a contributing factor to the failure of the industry to improve recovery rates beyond current levels. However, the historic model no longer fits in today's world.

The industry often has difficulty accurately capturing 1P reserves and is notoriously poor in identifying and capturing 2P reserves and beyond. QRI has a proven track record in the capture of 1P, 2P and even 3P reserves among giant oil fields.

Quantum Reservoir Impact well simulation

By extracting more oil from existing wells and rejuvenating old ones with new processes, metrics and technologies, the industry can be improved. QRI has developed strategies for exploiting existing reservoirs.

QRI's proprietary metrics and key performance indicators identify and capture all possible reserves. This occurs through the appropriate use of technology and modern reservoir management best practices.

We identify and capture missed opportunities by targeting Alpha. Alpha is performance both in oil production and reserves that is above what our client's field can attain by using conventional industry practices. We have a multi-tiered engagement process that allows us to work with our clients in identifying these Alpha opportunities and designing ways to capture them.

QRI's formula for supplemental recovery has created an opportunity to defer abandonment and increase recovery. That translates to billions of dollars in many cases.

Value Creation through Capital Efficiency

The use of reservoir management tenets helps optimize resources such as drilling rigs, surface facilities, offshore platforms, water and gas recycling, compression, and power requirements.

QRI provides portfolio and asset ranking to assist in gap analysis. This ranking employs QRI's proprietary leading and lagging metrics. The gap analysis takes into consideration technical capabilities with geological and operational complexity. Value is derived from optimized resource acquisition and allocation.