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
To Learn More
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Call: +1 281 295 1900