Technical Papers & Presentations

Cardium Oil Play Metrics

Published November 2017 in the Discovery Digest; Updated March 15, 2018


How do the plays in Western Canada stack up against one another? Using the Sproule Play Metrics module in Canadian Discovery’s Catalyst Play Evaluation Platform, the Cardium oil plays are compared based on estimated ultimate recovery (EUR), cost, net present value (NPV), profitability index (PI) and payout. The results indicate that higher EURs do not always equate to higher profitability. Based on the average type curve and the typical economic scenario, Ferrier is the most expensive of the Cardium oil plays, but it has the greatest EUR and the most attractive economics in that it has the highest PI, highest NPV and the shortest payout period.