An Online Tool for Unbiased Decision Making
Business decisions in the early stages of exploration and production (E&P) developments (M&A, farm-in, strategic opportunities, progressing opportunities, etc.) rest on inherently uncertain information. Opportunities with the most optimistic (and unrealistic) cost, schedule, and production estimates appear on the surface to be better investments than well-defined opportunities with grounded targets.
This optimism bias promotes portfolios where underperforming assets crowd out better developments. To combat this tendency the Opportunity Assessment Toolkit (OAT) equips investment decision makers with unbiased cost and schedule benchmarks in the critical early phases:
In less than 15 minutes, OAT can provide a full set of key decision metrics (using data from thousands of actual E&P projects), including charts, to compare individual opportunities in a portfolio. This enables decision makers to:
Included Early Benchmark Metrics
Schedule a Demo
To request a free demo please contact IPA Deputy Director Tom Mead.
Want more information on how the Opportunity Assessment Toolkit works? Complete the form below to download Raising the Bar on Early Stage Screening Tools: An Overview of the Opportunity Assessment Toolkit.