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R3 Software Solutions

R3 Software Solutions

For Reserve and Economic evaluations


R3 Software Solutions

R3 Software Solutions

For Reserve and Economic evaluations


R3 Software Solutions

OGRE Systems provides Reserves and Economic software solutions for asset evaluation, management and reporting. Whether you are a consultant, oil company, investor or lender, our software provides complete and flexible petroleum economics and engineering solutions.   Follow the links below to learn more about our R3 software suite.

R3 Economics

R3 Economics is a powerful software program that provides reserves forecasting and economic evaluation to address the business-decision challenges faced by the petroleum industry. 

This consistent and comprehensive economics solution ensures compliance with PRMS as well as the most rigorous governing body standards. 

R3 Visual Analytics

Visual Analytics play an important role in the oil and gas industry. It identifies trends, outliers and correlations between datasets, all important steps in making informed decisions and spotting new opportunities.

Gain insights into how you can interactively compare KPIs for both internal and external cases in a pre-configured customizable map and dashboard interface program.  Key economic indicators include NPV, ROR and ROI for cashflow analysis.  Key production indicators include production decline curves, EURs, and type well profiles.

R3 International

R3 International includes all the functionality of R3 Economics. In addition, you can include any fiscal model you require from our international fiscal model library, covering over 80 countries. With our open scripting language, you can customize a preexisting model’s Royalty, PSA or PSC framework to fast-track building a new model, or we can script it for you.

R3 R2R

Your business needs to react to the volatile environments and cycles systemic to the oil and gas business.  Your ability to manage through these cycles and identify opportunities missed by your competitors is the difference between surviving and thriving.  


R3 Economics

R3 Economics

R3 Economics

R3 Economics


R3 Economics


R3 Economics is a powerful petroleum economics software program that simplifies data management, reserves forecasting and the business-decision challenges faced by oil and gas companies.   It provides a consistent and comprehensive economics solution that ensures compliance with PRMS as well as the most rigorous governing body standards, so you can:

  • Forecast in actual calendar days of the month, instead of average days.
  • Run and re-run reports without the need to re-process all the cases each time.
  • Provide unified access to asset economics, reserves, forecasts, reports and drilling schedules.
  • Create economics for acquisition and divestiture, partnership, predrill, and completions analysis.
  • Quantify and assess portfolio uncertainty to achieve greater business performance and profitability.
  • Leverage the advanced power of visual analytics to enable insight and informed decisions.
  • Design and automate workflows to drive productivity.

Petroleum Economics Software

For 40 years the high-performance economics and database engine inside R3 Economics has been trusted to deliver accurate and consistent results by some of the world’s largest oil companies.  Now, the re-architected and re-designed user experience adds new levels of customization, productivity and analytic analysis to economic and reserves management.   

The flexible, configurable tree hierarchy can navigate and track assets by location, ownership, reserve category, asset or facility information, and by custom fields.

Decline Curve Analysis and Forecasting

Do you have all the tools you need to compare results from year to year?  Does your DCA tool facilitate fast and precise editing of your decline curves?

Our intuitive, user friendly decline curve analysis tool will help you attain new levels of productivity, so you can:

  • Review previous forecasts vs actual production.
  • Create conventional and unconventional forecasts using Arp’s, Doung, modified-hyperbolic, stretched exponential and other methodologies.
  • Create multi-segment production forecasts.
  • Utilize P/Z, rate cum, water cut, ratios, custom templates and more.
  • Interactively analyze economic limit, EUR and remaining reserves.
  • Quickly create normalized type wells.
  • Automatically generate probabilistic type wells.

Type Wells and Well Scheduling

Would you like to quickly group wells, normalize them and create various type wells? 

Type wells can be created using just the history, or the history and forecasts.  In addition to creating and saving multiple type wells, you can also create P10, P50, and P90 versions and use any of them with our Well Scheduler tool to quickly develop drilling plans and development scenarios.

Scenarios and Risk

To help you understand key risk factors, R3 Economics provides you a thorough set of stochastic and risk modeling capabilities, so you can: 

  • Assess and navigate results with sensitivity-analysis tools.
  • Understand the uncertainty related to your decisions.
  • Quickly evaluate alternative pricing models.
  • Create risked financial and production forecasts.


This enterprise application is fully scalable and provides:

  • Customizable fields to match unique lease assets, capital, and operating costs from your corporate accounting system.
  • Tools for data quality, security and change tracking to provide transparency and confidence.
  • Fully customizable security, workflow automation, data entry forms, database fields, ODBC linking and SQL scripting.

R3 delivers connectivity, tracking, decision documentation and 3rd party integration that allows you to:

  • Easily define custom costs, investments, product phases and partnerships.
  • Customize economic input forms and create workflow automation.
  • Directly link financial, production or other corporate SQL databases.
  • Implement server configurations with commercial SQL databases.

Visual Analytics

R3 Visual Analytics

Visual Analytics

R3 Visual Analytics


R3 Visual Analytics

While it’s not easy to collect and maintain all the data generated from oil and gas properties and opportunities, it’s even harder to wade through that data and use it to improve your bottom line. R3 Visual Analytics is a Business Intelligence tool built to customize and streamline your interactions with your data. The result is faster diagnosing of issues and better predictions of future performance.


What if analysis on Advance Rate in loan applications to determine base case vs roll-forward case in different reserve categories.

Various normalization methods in Type Well Curve generation, e.g. normalize to peak rate in first X month.

Quickly get Deterministic and Probabilistic Type Well Trend-line from a neighbor reservoir.

Turn mundane cash flow numbers into intuitive visualizations.

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Production Performance Storyboard.png
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Bank Loan Analysis Storyboard.png

Next Level Business Intelligence

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R3 Visual Analytics is a software program designed to give you the tools necessary to fully understand your assets.  The program uses Views (visualizations) to allow you to interact with your data, grouping and filtering it, to identify trends and relationships. 


R3 Visual Analytics Features

  • Scalable to any data set size/location

  • Easy to share

    • Built-in Storyboard

    • Customization

  • Create for all user roles

    • Operations

    • Reservoir Engineering

    • Bank Loan Department

    • Management

  • Interactive Features

Filter & Sort on demand

Drill-down to underlying data

Cross Reference between worksheet

Time-lapse Mode

Confidence intervals

Smart Roll-up/Summary

AOI (Area-of-Interest) on demand


R3 International

R3 International

R3 International

R3 International


R3 International

From analyzing bid rounds to incorporating risk into your decisions, the world of international oil and gas exploration and production requires a reserves evaluation and economics solution that is powerful, flexible and agile.  

With R3 International’s extensive library of fiscal models, the unique potential value of each of your international opportunities can be explored.  Each model can be customized to investigate the options and risks associated with your decisions using its open model scripting.  

If time is tight, our fiscal modeling consultants offer services for model customization with fast turnaround times.


From simple international valuations to modern stochastic approaches, our team has the skills to make sure your model can deliver the accurate answers you need.  The easy to edit models provide transparency and consistency, so you can:

  • Easily follow the model logic to audit the calculations.
  • Analyze the impact of E&P projects, economic assumptions, fiscal regimes and prices.
  • Estimate and compare reserves, volumes, cash flows and KPIs.
  • Assess capital projects, schedules, and constraints.
  • Increase confidence in your decisions.
  • Isolate key variables to understand sensitivity and uncertainty.


Does your reserves system handle the complexity of your international prospecting and operations?  From deep water reserve estimation to quick evaluations of the effects of pricing or taxes and royalties on corporate KPIs, R3 International is your complete solution that allows you to:

  • Analyze operational decisions from simple farm-ins to complex project development plans.
  • Integrate and compare economic data from around the world.
  • Leverage a full set of international features to manage and convert units, production rates, periodicity and currencies on the fly.
  • Access fiscal models actively updated for over 80 countries.


Fiscal Model Library Customization

Do multiple pricing scenarios, fiscal models, reporting requirements, languages and units impede your ability to get accurate reports and analysis on time?   R3 International was designed from the ground up to handle the demands of international oil companies.  

How do you respond quickly to opportunities and changes in your business?  R3 can also be easily customized so you can respond to the fast-changing international business and regulatory environment.

R3 International comes with fiscal models for more than 80 countries.  With our open scripting language, you can easily

customize a pre-existing model’s Royalty, PSA or PSC framework to fast-track building a new model. 

Do you know the value of your international portfolio and the impact that market changes have on your decisions?  That’s why we have developed R3 International with an open and powerful drag and drop economics and workflow automation tool.  This enables easy customization and integration of workflows from our library of over 100 fiscal models.  

We know your core business is exploration, not computer programming.   Our fiscal modeling experts can quickly create or modify a fiscal model or workflow automation apps for you. 

R3 Fiscal Regimes Library Interactive World Map

See the Pen RajyBE by CHENG ZHANG (@f2zzcsm) on CodePen.

List of Pre-built Fiscal Regime Templates

Contact us if you do not see a model you are looking for.  Our fiscal modeling experts, with an average of over 20 years' experience, can create a model for you in days.  We have standard, customizable, and flexible templates for all Royalty Tax, PSA, and PSC types. 

Country Models

    • Algeria
    • Angola
    • Argentina
    • Australia
    • Azerbaijan
    • Bahrain
    • Bangladesh
    • Benin
    • Brazil
    • Myanmar
    • Cameroon
    • Canada
    • Chad
    • Chile
    • China
    • Colombia
    • Congo, Democratic Republic of the
    • Congo, Republic of the

    • Cote d'Ivoire
    • Cyprus
    • Denmark
    • Ecuador
    • Egypt
    • Equatorial Guinea
    • French Guiana
    • Gabon
    • Ghana
    • Greenland
    • Guyana
    • Iceland
    • India
    • Indonesia
    • Iran
    • Iraq
    • Kurdistan
    • Ireland
    • Israel

    • Kazakhstan
    • Kuwait
    • Libya
    • Malaysia
    • Mauritania
    • Mexico
    • Mozambique
    • Namibia
    • Netherlands
    • New Zealand
    • Nigeria
    • Norway
    • Oman
    • Papua New Guinea
    • Peru
    • Philippines
    • Poland
    • Qatar
    • Romania

    • Russia
    • Saudi Arabia
    • Singapore
    • Spain
    • Sudan
    • Suriname
    • Syria
    • Tanzania
    • Thailand
    • Trinidad and Tobago
    • Tunisia
    • Turkmenistan
    • Uganda
    • United Kingdom
    • United States
    • Uzbekistan
    • Venezuela
    • Vietnam
    • Yemen

R3 R2R

R3 R2R

R3 R2R

R3 R2R


R3 R2R

Your business needs to react to the volatile environments and cycles systemic to the oil and gas business.  Your ability to manage through these cycles and identify opportunities missed by your competitors is the difference between surviving and thriving.  


PRMS-Based Reserves Mapping

R3 R2R

Integrating your economics and reserves data with your development plans and geologic maps can reveal opportunities missed by legacy reserves tools.   With comprehensive PRMS-based reserves mapping and classification you can discover the whole value of your assets throughout the E&P life-cycle.  R3 R2R enables decisions that optimize the value for your whole company from resources to reserves, so you can:

  • Plan well appraisal and development scenarios on geologic maps

  • Assess the financial impact of different well schedules, completion scenarios, drainage radius options and drilling patterns

  • Quantify the uncertainties of your reserves, plans and economics

Gain Insights

What is the best strategy to communicate the potential of your assets through their life cycle?  How do you ensure the goals and requirements of the investors and executives are met while achieving the operational objectives of asset teams?   How can you achieve a cohesive view of your business with separate tools for SEC reporting, operational reporting, planning and analytics? 

What if you had a modern solution that could help you take advantage of sudden changes or market turbulence?  

What if your business was enabled by the advanced features of R2R?

  • With R2R you can:

  • Track and map the development of assets over time by PRMS category.

  • Document your plans and reserves in a fully auditable and secure environment.

  • Work in a system trusted by some of the largest National oil companies in the world.

  • Calculate and schedule original in-place and remaining reserves based on geologic maps, drainage patterns and development plans.

Track and Map Assets by PRMS Category