Assess early, rapidly, and frequently with greater confidence to prioritize high-quality hydrocarbon opportunities
With the fast-changing dynamics in the oil and gas industry, companies are now under increasing pressure to add hydrocarbon resources fast to replace rapidly depleting reserves while fulfilling decarbonization commitments. To achieve both goals, it is crucial for oil and gas companies to build a robust portfolio with a continuous flow of high-quality opportunities.
The conventional siloed, manual approach to early opportunity identification and assessment is not effective: It cannot capture opportunities early enough and assess them frequently enough, whenever there are updates to the input. This leads to a lot of resources wasted on late assessment of low-quality opportunities after full detailed G&G work is already done or reassessment of existing opportunities when the input changes. The lack of a common standard for opportunity comparison and ranking also fails to consistently prioritize high-quality opportunities for the portfolio. Overall, there is a lack of confidence in the assessment results and the quality of the portfolio to deliver your company’s strategy.
That’s why we are introducing Opportunity Assessor on Delfi, a digital opportunity volume and risk assessment tool to identify opportunities early, assess them rapidly, update them frequently, and compare them consistently—to help our customers continuously prioritize high quality opportunities for a robust portfolio.