Discover how we used EV² to help adapt our client's strategy to focus on exploration areas with the best return on investment.
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With oil and gas prices remaining stubbornly low, our client was looking for a new proactive approach to identify focus areas that would yield the right opportunities and maximise value.
Recognising that its current exploration strategy had been set in a different price environment, the company needed to efficiently scan the globe for undrilled opportunities and find value its competitors had not yet identified.
After rigorously reviewing our client's needs, we recommended EV² - the first visualisation and modelling tool that allows you to create custom play analysis to quickly assess block potential, optimise investments and focus on future core areas.
Using EV², we presented data in a scorecard format that was dynamically weighted against the strategic objectives of the company.
Total yet-to-find resources were contrasted with value-based metrics to find potential sweet spots while key thresholds were applied to expose only those areas with sufficient volume and value potential (using a number of filters to reflect the most viable exploration approach). Other metrics were then calculated to further calibrate the screening process.