MOSAIC

3.3
(2)

Gain insight with all-in-one reserves management, petroleum economics, budgeting, capital planning, and decline analysis.

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Andrew N.
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"Great Program for Evaluating Economics"

What do you like best?

The ability to forecast production is very simple and efficient. The program allows many different ways to forecast depending on the type of property. Running reports is easy and they provide very valuable economic results, which help our company make decisions. Mosaic support is very good and their training courses are helpful when getting started

What do you dislike?

In the latest version, grouping wells in a production plot and normalising them on peak rate or time zero tends to give some odd results. If including multiple vintages (mixture of, say 2015 wells with 2017 wells), the 2017 wells seem to show up as zeros for the first two years, lowering the average). So it seems like the normalisation is off. Other than this issue, the program is great

What problems are you solving with the product? What benefits have you realized?

We run all of our economics in Mosaic and evaluate business projects. We can easily compare one project to another to best satisfy our business needs.

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"Terrible interface but does what you need"

What do you like best?

It performs the calculations for economics that you need. The processing speed is reasonable. Mosaic has a good system of locking that allows management to control cases and price decks, which keeps everyone working with the same variables.

What do you dislike?

The user interface is terrible and non-intuitive. Mosaic's calculations are like a black box, making troubleshooting, double-checking and finding entry errors very difficult. Lots of icons, specific terminology, and a strange folder system based on "labels" that goes against intuition.

Recommendations to others considering the product:

Prepare for a steep learning curve. Mosaic requires you to change your way of thinking from "this is how it should be done" to "this is how Mosaic needs it to be done". Would recommend ValNav over Mosaic.

What problems are you solving with the product? What benefits have you realized?

Project evaluation. Running various economic cases for oil and gas wells. Full cycle and half cycle economics for plants.

What Oil Production solution do you use?

Thanks for letting us know!

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