Inundated with deals from third parties on a daily basis and lacking the time to assess each one in detail, our large oil company client was looking for a way to quickly identify profitable opportunities and progress those of greatest interest.
The new ventures team not only wanted to challenge the way opportunities were screened in-house, but also to inject fresh play ideas into their assessments following some personnel changes.
Having a rounded view of potential - with the right metrics and level of granularity - that would allow the team to quickly test opportunities of different shapes and sizes, was imperative if they were to make informed decisions to invest before giving the competition a chance.
Our client chose EV². As the only resource that links all play information to yet-to-find resources at the block level, its visualisation tools can be used to create custom analysis to quickly test and screen the best opportunities.