We 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.