AssetBank
AssetBank – a fresh paradigm for New Ventures screening
Maintain a world overview of existing green field oil and gas opportunities without the time and resource-intensive compilation and validation phase of field modelling.
AssetBank is an upstream economic tool used by New Ventures teams and explorationists to screen discoveries and developing fields in a rapid and systematic manner. This tool provides a fast-track route to deliver a filtered suite of opportunities which align with your strategic objectives, highlighting critical E & P metrics that impact risk and profitability.
Efficient and effective strategic acquisition and divestment decisions require up-to-date information and tools enabling teams to review asset level investment opportunities rapidly and consistently. With increasing pressure on budgets, competing proposals must be assessed and prioritised according to business objectives and preferences. AssetBank can assist organisations in this review process, improving the confidence, detail and credibility of assumptions driving business decisions, through the delivery of a comprehensive, interactive databank of discoveries and developing oil fields.
In AssetBank, IHS has developed a screening methodology which allows users to filter and select fields based on user-defined criteria, and to run multiple versions of each model using the interactive functionality within the software. AssetBank comes pre-populated with a suite of field models offering comprehensive coverage of undeveloped discoveries and developing oil fields worldwide, including multi-phase assets and field complexes. New field models containing user-edited assumptions can be saved to the client dataset.
View country coverage for AssetBank version 2.1 (June 2009)
AssetBank 2.1 global field coverage (more than 3,000 models)
The AssetBank team has created a downloadable pdf report for each of the modelled fields. Each Geofiscal Report contains high-level analysis and summaries based on the proprietary IHS comprehensive E&P Database and interpreted forecast profiles derived from proven in-house tools, including QUE$TOR and EdinGIS.
Content includes reserves information, exploration history, and likely development concept, together with details of fiscal terms and a full post-tax cashflow model.
AssetBank Geofiscal Report (also available for individual purchase)
Key Benefits and Business Value
Global Coverage
- A regularly updated suite of field models provides both historical context and forward-looking views of reserve potential for more than 3000 greenfield assets worldwide
Process
- AssetBank speeds and facilitates the decision-making process through the provision of a systematic and consistent approach to opportunity assessment which focuses the search onto strategically-aligned assets.
- Companies are able to expand their horizons and focus on a wider range of geographically dispersed investment opportunities than would be possible if all field data was sourced and modelled by in-house specialists.
Software Flexibility
- Users have the ability to replace modelled parameters with user-edited assumptions which assists in mitigating risk.
- The embedded interactive software enables quick analysis of the potential value from multiple reservoir zones through the ability to build multi-phase predictive models.
- Companies are able to create multiple generic models to use in benchmarking acquisition opportunities.
Learn more about AssetBank
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