Appraisal Maturation Process Solution
PointCross' Appraisal maturation solution is a comprehensive stage-gated
process solution that is used to mature assets that are being appraised
within a company. It is part of the IEPS suite configured on the Orchestra
platform, and can also be deployed as a standalone solution.
Applicable Stakeholders
Divisional Appraisal Managers
Field Development Planners
Technical Engineering/G&G/Economics Professionals
Features
- The Appraisal Maturation Process solution matures prospective assets
through various stages of a maturation cycle (Identify, Assess, Select,
Define).
- Appraisal assets entering the funnel are associated with a set of metadata
entered through online forms, or spreadsheets. Metadata include:
- General Header information about the asset
- Geological, Engineering and Production characteristics
- Financial metrics
- Each stage includes a Business Information Framework including workspaces,
collaboration and communication tools, and document/data management systems
to carry work-in-progress.
- Toll-gates separate stages and toll-gate reviewers are responsible
for allowing prospects to mature from one stage to the next one. Toll-gates
can be set up to be flexible or with strict criteria and controls.
- Skilled people and designated project managers are assigned to the project,
and the expertise tracking capabilities of the Orchestra platform can
be used to find the right skills in the a large dispersed company.
- Assets being appraised and their summarized metadata can be aggregated,
filtered, sorted, and analyzed via interactive drilldown dashboards.
- Data from selected assets being appraised can be charted and viewed
and users can drill down into specific metadata and the work products
of the Appraisal activities.
- The Appraisal Maturation Process solution is related to the following
IEPS solutions:
- Exploration Maturation Process solution – which serves as
the source for assets being further appraised post exploratory drilling
- Exploitation Portfolio Management – to manage and analyze
multiple Exploitation portfolios within the company
- Well Delivery and Configuration System – to spawn off Appraisal
drilling projects, with related capital planning and spend solutions
To Learn More
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Call: +1 281 295 1900