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Petroleum Economics

economicsWe firmly believe that a technical project cannot be divorced from a risk analysis and commercial evaluation of the field or opportunity being reviewed.

To this effect, we routinely construct a fiscal model to apply to the project being studied, and apply risk techniques, selected as appropriate from a portfolio of tools such as:
  • multiple deterministic reservoir modeling to create ranges of uncertainty
  • sensitivity analysis for a project proposal
  • decision tree analysis
  • project optimisation techniques through analytical modeling
  • gap analysis at a company strategy level or at a project technology level
  • definition of boundary conditions (scope of responsibilities)
  • stakeholder analysis
  • decision quality analysis (on how good a basis has a decision been made)
  • establishing technical limits and enabling technologies to move towards these
  • portfolio risk analysis.

Contact us

For direct enquiries with our experts, please contact:
Bjorn Smidt-Olsen, UK
Morten Heir, Norway


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