Build your reserve economics workflow with confidence.

Manage your assets from project to corporate level.

Part of the R3 Software Suite from OGRE Systems

R3 Economics is a reliable choice of engineering, evaluation and reserves system. Designed from an engineer’s perspective; it offers robust Decline Curve Analysis tools, fast economics evaluations with user-defined scenarios, and a highly flexible and customizable reporting system. It also provides additional tools, such Break Even Analysis and built-in Monte-Carlo simulator for stochastic analysis.

The economic analysis functionality provides consistent and comprehensive modeling to ensure compliance with PRMS standards. The reserves functionality provides tracking of period-to-period changes to your reserves in all PRMS categories, for SEC, EIA-23, and internal reporting purposes.

Data Connection

Configuring R3 is extremely flexible in that the Client, Server, and Database functions may be run as a single application, two processes or three separate processes with a minimal amount of configuration.

Scenario Comparison

Quickly run economic and sensitives by using Scenario in Production Forecast; Compare different scenarios’ results numerically and graphically at glance.

Reporting

Simple user-defined reporting adhering to all industry standard formatting; with built-in report templates, flexible time frame selection and output options, plus a customizable report builder.

R3 ECONOMICS

Product Features

DECLINE CURVE ANALYSIS

DECLINE CURVE ANALYSIS

From conventional to unconventional, R3's advanced DCA Graphic tool includes several pre-built templates for your use. Users can easily edit or customize these templates to meet their unique needs. Multi-Segments, User defined EUR back calculation, Scenarios and shortcut keys are the must-have tools for a efficient and successful evaluation.

Probablistic Approach
Method - Monte Carlo

Probablistic Approach
Method - Monte Carlo

Monte Carlo simulations are used in performing Stochastic analysis, which makes it possible for R3 to perform thousands of risk calculations for thousands of random portfolios, very quickly. Generating P10, P50 and P90 values for not only the reserves numbers but also the economics. Deliver reasonable certainties with confidence.

Break Even Analysis

Allows users to calculate multiple break- even points based on user defined parameters such as ROR, ROI, NPV and remaining reserves, and much more.

Break Even Analysis

Multivariate Sensitivity Analysis

Multivariate Sensitivity Analysis

Allows users to calculate multiple break- even points based on user defined parameters such as ROR, ROI, NPV and remaining reserves, and much more.

WHAT OUR USERS SAY

"Our firm could quickly swap our economic solutions from Excel to a more essay to maintain, more secure commercial solutions, thank to the felicities of ModelBuilder and R3 Fiscal Regimes Library"

Probabilistic feature of R3 not only support P10, P50 and P90, but also support P1, P15, P75 and P99 input and output! It provides a full range of possible outcome and associated probabilities!”

R3 DCA Shortcut keys save me tons of time in our workflow…from speedy forecast to comparison the our results w/ clients, we love this features... "

READ OUR BROCHURE

Discover R3, the world’s most reliable and efficient petroleum economics software: Modular approach

R3 Economics

R3 Economics is the core product of our modular based system. This industry-leading oil and reserves asset manager delivers production forecasting, and the financial information essential for risk analysis and optimizing cash-flow from drilling programs. SEE MORE

R2R

R3 Resources to Reserves (R2R) includes all the functionality of R3 Economics, plus a full suite of tools for integration of your geologic, geophysical, and well log information; to create structure maps, volumes (P1, P2, P3) and initial drilling programs. SEE MORE

Professional

R3 Professional is our fully-integrated platform for users to perform evaluation, analysis and management of reserves economics. This solution is flexible, customizable and is focused on the client’s workflow. Rapidly access the opportunity and collaborate easily with this first-choice engineering solution. SEE MORE

Model Builder

R3+ Model Builder empowers our users to build their own fiscal regimes model or migrate the current solutions from conventional sources, such as Excel. A content-rich Fiscal Regime library, including PSC, Corporate Income Tax, Royalty Tax, concession, service contract and more. SEE MORE

Visual Analytics

R3+ Visual Analytics helps automate workflow through data collection, preparation, and by populating different metrics or KPIs onto the dashboard. Easily and intuitively provide insights with interactive query, sort, and forecast capabilities. SEE MORE

Volumetrics

R3+ Volumetrics specializes in volumetric well planning; allowing you to calculate in-place volumes of target gas and map drilling plans over time. Generate planned well production forecasts and ensure maximum revenue generation from your valuable assets. SEE MORE

Learn how R3 can transform your reserves economics - with our free demo and trial

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