What is The Iraq Virtual Oil Company?

• A NetWork of geoprofessionals, engineers, and managers working to optimize Iraq's exploration and production activities.

• Cheaper, because all NetWork participants are veted and work on a results basis;
  i.e. covering cost with discounted consulting fees, and receiving an upside by participating in production results.

• Faster, because only those NetWork participants with relevent experience are assigned to a project.
• Better, because of pooled NetWork experience and work is optimized (Everyone is smarter than Anyone).

A Prototype Example of the New Way to Optimize Production in Existing Fields and to Explore for Missed opportunities:

• Establish a business relationship: Contact Swede Nelson
• Build a Model of the Regional Hydrocarbon System
• Build a Spatial Index of Iraq with labels which tie to a DBMS (database management system)
• Put together a Knowledge Management Framework which will allow the capture of Best Practices, specifically including:
  1. Skills
  2. Resources
  3. Case Histories
  4. Processes
• Collect All Avaliable Digital and Legacy Data on All Fields in Iraq: Rumeila North and Rumeila South are a good place to start
• Spread-Sheets based on Infinite Grid^SM Technology
• Form for inputing field data - Composite screen capture of Field Data Input form
• Form for inputing well data - Composite screen capture of Well Data Input form
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