Halliburton Shale Field Development Workflow Customer Presentation © 2011 HALLIBURTON. ALL RIGHTS RESERVED. What is the Shale Field Development workflow? This workflow uses shale reservoir modeling and planning tools to improve well placement, completion systems and stimulation design to more accurately predict production and improve reservoir understanding Why are customers interested in the Shale Field Development workflow? Enhance short term and long term production Reduce the total cost of field development Maximize economic return Improve understanding of: – Reservoir geology & quality – Well placement & spacing – Completion & stimulation design Unique Features - Complex Fracture Design Model Model the fracture network Measure and predict complex fracture growth using microseismic and statistical tools. Incorporate complex fracture designs into field planning and reservoir modeling Unique Features – Shale Reservoir Model Model reservoir attributes that determine production potential Shale algorithms to predict lateral extent, fracture spacing and their production dependence Algorithms to predict/observe presence and density of natural fractures Geomechanical attributes linked so the impact of draw-down and closure stress on fracture conductivity can be included in production estimates Automated gridding from data input to reservoir simulators Unique Features – Shale Reservoir Simulator Simulate impact of wellbore and completion scenarios and fracture characteristics on production Quantify impact of fracture treatment on field productivity by coupling shale reservoir simulator to standard fracture modeling tools Simulate expected production using SRV and fracture density Measure success by matching observed production to expected Simulation within an uncertainty and optimization framework for field productivity Unique Features - Integrated with DecisionSpace Desktop View fracture treatment results relative to other wells in the region View and calculate SRV in context of the geological and geophysical environment Use microseismic data to validate the complex network fracture design model, fracture density and intensity Unique Features – Shale Field Planning Tools Well placement optimization in the DecisionSpace Desktop conditioned to predicted complex fracture network Optimized well placement based on reservoir attributes that indicate high productivity potential How we do it – integrated model Summary Improve geological screening to more easily identify attractive opportunities Improve well placement where reservoir quality is best Optimize designs for lateral length, number of fracture treatment stages and fracture treatment design; Optimize well spacing Identify bypassed reserves opportunities through advanced reservoir visualization solutions Improve earth modeling linked to reservoir stimulation and modeling for history matching and reliable production forecasts Increase total recoverable reserves and enhance production rate