bMark™

Introducing bMark™: clever, global benchmarking software for evaluating oil and gas fields

In 2015 Belltree launched bMark™, software designed to bring our benchmarking techniques directly to the Industry in a flexible and easy-to-use format. bMark™ combines the power of Belltree’s benchmarking techniques with a worldwide upstream analogue database of over 30,000 fields and reservoirs to create an efficient and auditable oil and gas benchmarking platform.

Powerful Oil & Gas Analysis

bMark™ allows portfolio, field & reservoir performance to be assessed on multiple levels:

• Comparison to Analogues
  • Is my field a top quartile performer?
  • What are the data ranges for fields in my region?
  • Is my input data reasonable?
• Reserves/Resource Expectations
  • Is there ‘hidden’ upside?
  • Are we being overly optimistic?
  • Which field / reservoir / sector has the most remaining upside?
• Development Characteristics
  • Has the field been developed appropriately?
  • How many wells will we need?
  • What size facility should we design?

Ultimately, bMark™ allows users to convert technical oil field data into simple, value-based answers to questions such as:

• Should I invest in this opportunity?
• Should I approve this development?
• Are my reserves reasonable and auditable?
• Which fields in my portfolio are underperforming?