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Opportunity Assessment Toolkit

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An Online Tool for Unbiased Decision-Making

Success in the exploration & production (E&P) industry requires disciplined decision-making in the exploration and appraisal phases, when information is inherently uncertain. 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. IPA’s Opportunity Assessment Toolkit combats this tendency by turning opportunity cost and schedule benchmark data into actionable insights and providing an unbiased assessment you can rely on.

Key Benefits

The Opportunity Assessment Toolkit equips investment decision makers with unbiased cost and schedule benchmarks in the critical early phases:

  • Before cost & schedule estimates exist for an opportunity (during exploration, appraisal, or farm in/farm out evaluations)
  • When cost & schedule targets are immature or rely on limited data (FEL 1 stage economic feasibility and early FEL 2 concept selection)

In less than 15 minutes,  users receive 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:

  • Quickly assess the viability and marginality of upstream opportunities during bidding, exploration, or early development
  • Understand an opportunity’s true development costs
  • Ensure only the highest return opportunities receive increasingly scant capital funds

Key contact

View Jason Walker’s profile

Jason Walker

Principal Deputy Director, Research

Request a Demo

Contact us to learn more about the Opportunity Assessment Toolkit and to see how it works.

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