Web-Based Predictive & Diagnostic Tool
IPA’s Oil & Gas Asset Economics Simulator (AES) promotes a more holistic view of total asset performance by consolidating IPA’s research on E&P asset successes and failures into the delta NPV outcome, an objective capstone measure of asset performance.
Although Monte Carlo simulation is a popular technique for estimating likely E&P asset outcomes, its insights are only as useful as the assumptions that are fed into it. These assumptions, which boil down to probability distributions around key input variables, tend to be too optimistic both in terms of the average and range of possibilities around this average.
What distinguishes the AES is the quality of its underlying inputs, which are based on IPA’s extensive database of E&P developments and more than a decade of empirical research linking project practices and outcomes.
Answer Key Questions
Schedule a Demo
Contact René Klerian Ramírez, AES Product Manager, to learn more and to request a demo.