Business Value |
Business metrics. Our data, technical studies, news & analysis, and specialized software help E&P companies decrease decision cycles, reduce risk and ensure the strategic fit of exploration decisions. Through direct access to these resources, or to our consulting teams, companies using these tools and methods have realized, on average:
- Significant reduction in asset acquisition decision cycles, from weeks to days. Ex: Decisions on farm-in opportunities in less than one week, allowing consideration of more opportunities and more selective screening.
- Reduced political, environmental and fiscal risk through comprehensive enhanced early screening, and ongoing benchmarking and ranking of risk factors.
Business process impact. Numerous case studies have shown that IHS's production solutions have helped operators:
- Create or enhance “global opportunity ranking” projects where basins, countries and regions to explore are prioritized according to metrics that match an operator's core competencies.
- Find, scrutinize and quantify core area enhancement opportunities, such as expansion into adjacent basins, fields or countries, allowing faster, more confident acquisition of new assets.
- Underpin opportunistic decision making with standardized analytical processes to complement intangible factors, improving decision by subjecting business development opportunities to specific risk/reward evaluation techniques.
- Improve negotiating positions with fully risked & benchmarked scenarios for development costs, production and markets
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