Merlin conducts exploration resource assessment by employing a robust fit-for-purpose standard methodology. Exploration risk is assessed using a transparent six point risking scheme, which can be easily adapted to mirror the client's own corporate scheme. Probabilistic success-case volumetrics are calculated using the Monte Carlo method, to derive a range of possible outcomes.
Merlin can, if requested, employ a play-based exploration approach to an exploration venture, and employ Common Risk Segment mapping to drive a play execution strategy.
If deterministic reserves are required for development studies, Merlin can provide reserve estimates to meet global industry standards.