PointCross - Exploration Maturation Process Solution

Exploration Maturation Process Solution

PointCross’ Exploration maturation solution is a comprehensive stage-gated process solution that is used to mature exploration assets 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 Exploration Managers
Field Development Planners
Technical G&G/Reservoir Engineering/Economics Professionals
Corporate Portfolio Managers

Features

The Exploration Maturation Process solution matures prospective assets through various stages of a maturation cycle (Identify, Assess, Select, Define).
Exploration prospects entering the funnel are associated with a set of metadata entered through online forms, or spreadsheets. Metadata include:
- General Header information about the prospect
- Geological Description
- Risk and Uncertainty
- Pre-drill Financial Metrics
- Post Drill Assessments
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.
Exploration prospects and their summarized metadata can be aggregated, filtered, sorted, and analyzed via interactive drilldown dashboards.
Data from selected exploration prospects can be charted and viewed and users can drill down into the specific prospect’s metadata and the work products of the exploration activities.
The Exploration Maturation Process solution is related to the following IEPS solutions:
- Exploration Portfolio Management – to manage and analyze multiple exploration portfolios within the company
- Plays Management – which serves as one source of potential prospects meriting exploratory analyses
- Well Delivery and Configuration System – to spawn off exploration drilling projects, with related capital planning and spend solutions
- Seismic Project Management System – to request seismic data acquisition or other services within the company or externally
The Exploration Maturation Process solution can optionally be delivered with pre-configured interfaces to OpenSpiritT and reservoir simulation models

To crawl existing G&G technical data and find data from nearby exploration activity - seismic studies, interpretations, well-logs, or production data.
Build exploration plan and document plays and scenarios with direct links to G&G technical interpretations and record snapshots with business and commercial justifications.
Build coarse models of reservoir for simulations of fluid volumes using best estimate assessments of reservoir and production potential

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