AssetBank Provides Fast Initial Valuations of Discoveries and Developing Liquids Fields
In a market of rapidly fluctuating costs and prices, AssetBank provides energy companies and financial analysts with a flexible interactive tool to rapidly estimate future profitability.
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 application supports strategic workflows by providing energy companies with the means to rapidly estimate future profitability of selected field and determine the sensitivity of post-tax returns to changes in key variables.
“AssetBank delivers a new agility to exploration strategic planning” (Scott Key, senior vice president of Insight for IHS).
Dramatic fluctuations in prices and costs in recent years have demonstrated that commodity price increases do not necessarily lead to an accompanying increase in profit margin and that sensitivity varies widely between assets. The solution for planning groups is an interactive platform for energy companies to quickly assemble a broad set of possible new opportunities, which can then be screened against preferred criteria for strategic fit. AssetBank creates a basis for comparison of opportunities that is thorough, consistent, and aligned with market conditions.
AssetBank speeds up the filtering and selection process by providing an initial assessment of some 3000 green field asset’s unique reserves potential, cost to develop, production profile over time, and potential profitability based on the fiscal terms of the host country. By leveraging proven IHS databases and engineering software, AssetBank can offer a first-pass evaluation spanning all of these factors, delivering key statistics, a field development plan and full economics for 90% of discoveries and developing liquids fields’ reserves worldwide.
AssetBank's integration with QUE$TOR®, the industry standard software for cost analysis and field development planning, and PEPS fiscal terms, means that the six-monthly database updates, and new field models added by the user, will always reflect market conditions such as supplier and materials cost changes and new fiscal terms.
IHS Energy (www.ihs.com/energy) provides integrated E&P information, software and consulting services to oil and gas companies worldwide. IHS Energy is an operating segment of IHS Inc. (NYSE:IHS). IHS is one of the leading global providers of critical technical information, decision-support tools and related services to customers in a number of industries including energy, defense, aerospace, construction, electronics and automotive (www.ihs.com).