News & Events
- PointCross releases UBIS – Unified Business Information Services (UBIS™) - A Secure Business Email and Information Management System for Enterprises.
November, 2007 - PointCross releases Pre-Clinical study Lifecycle and Data Management Suite (PC-LDM™) for multi-party environments.
October 4, 2007 - FDA Announces SEND Pilot Project
October 3, 2007 -
CIO 100 - Awarded to Raja Ramesh, PointCross - The Innovative 2007
- High Resolution Pdf
September 7, 2007
PharmQuest is now a part of PointCross.
Our website is being updated following our merger with PharmQuest and release of new products.
Exploration and Production (E&P) of Oil and Gas
E&P, as it is known generally, is that part of the energy industry that looks for, invests in, discovers, and produces energy resources like oil, gas, or raw materials from which oil and gas can be extracted. The boundary of the upstream industry is when the resources are transferred to transportation facilities for further downstream processing such as refining and production of other derivative energy forms or products.
E&P Industry Characteristics
- Knowledge intensive. E&P professionals like geologists and geophysicists are required to decide where, and how, to invest huge amounts of money into properties without any certainty of the outcome
- High risk. The decisions related to exploration or exploitation, or the acquisition or divestiture of properties, must be made with significantly less than perfect knowledge. This is a game of skillful gambles.
- High Risk & High Reward. Decisions being made in E&P can result in very high losses or very rewards. Knowledge gained from each result is very valuable and forms the basis of every succeeding decision.
- Decision Centric. It is said that oil is found in the minds of men and women who work in this industry. That comment highlights how important making good decision making is and why making decisions earlier than the competitor when even less data is available translates into higher rewards. E&P decisions cover the entire range from strategic to tactical planning and forecasting, to capital allocations; and to operations, reporting or health safety and environment related filed activities.
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