Pathways to Asset Success

Has your company built a facility that met schedule and budget but did not produce as planned?

OR

Maybe you built a project that was late and overbudget but the reservoir was a gusher and everyone was happy?

A late or expensive facility with good production does not make a good asset, but neither does a one-time project that does not produce. Are projects resigned to this uncertain nature or can we plan to achieve successful asset outcomes?

IPA’s proprietary model, “Pathways to Asset Success,” which is based on a detailed root cause analysis of over 250 completed asset developments in the E&P industry, provides a roadmap to successful outcomes.

The insights gained from the Pathways are as follows:

• Project success depends on the quality of information developed in the early project phases; it also depends on the flow of that information across the asset

• Effective and timely integration of reservoir, facilities, and wells is therefore a key to success

• Team experience and integration are especially important in E&P projects, in part because integration via a good work process is uncommon in the E&P industry

• Unlike capital projects in many other areas, severe trade-offs are possible between parts of the CAPEX in E&P: facilities and wells

These insights, supported by a full suite of quantitative analysis for each link in the pathway, are backed by quantitative multi-year research in Best Practices and form the backbone of our services.