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Maersk Inspirer

Asset Value Assurance (AVA™)

Asset Value Assurance (AVA™) is a process which identifies opportunities to enhance production, increase value and manage risks at all stages of the asset life cycle.
The multi-disciplinary composition of our reservoir team allows AGR to cover all subsurface and commercial aspects of an upstream E&P investment opportunity. Where facilities, drilling, legal or HSE issues are important, we call upon in-house established alliances with renowned companies to add to our team.

AGR has successfully applied the AVA™ process, adding value to projects and highlighting actions required to reduce project risk.

The AVA™ process is a six-step review of an asset activity plan. It is best performed in conjunction with the client’s project team. Over a period of between three and ten days and using a series of analytical tools, including force field analysis, decision quality nets, stakeholder analysis, risk matrices, risk registers and activity planning, the process challenges aspects of the project plan, such as:
  • project technical definition, economic consequences of upside & downside
  • commercial strategy - its ownership and translation into tactics
  • resourcing, stakeholder and organisational management
  • technical, commercial risk (& opportunity) identification and management.

The results of the process are captured in a report which specifies the actions required of the project team to achieve the enhancements identified and the necessary risk reduction.

The  AVA™ process has been shown to add tangible value by generating better alternative development plans and by identifying specific actions which can reduce project risk.

Contact

Please contact us:

Mark Cook, UK
Mahmood Akbar, Norway

Links

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