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Realistic (e)valuation of exploration prospects and discoveries is demanding. Systematic analysis of the economic implications of exploration, reservoir, development, production and market uncertainties requires an integrated modeling approach. Comprehensiveness needs to be balanced with specification detail. Estimates of value must be transparent, unbiased and comparable across projects for effective decision making.
GeoX/gFullCycle provides a complete and flexible approach to modelling the exploration, appraisal, development and production (ED&P) activities, costs and revenues that drive exploration project after-tax economic returns. An innovative modelling approach supports consistent probabilistic evaluation of after-tax NPV and commercial risks. Rapid full cycle evaluation of prospects and discoveries focuses attention on commercial opportunities. Unique documentation, validation and interpretation functions combined with a comprehensive database facility support and promote effective decision-making.
Model your analysis of stochastic prospect economics using resource estimates from the gSegmentR/gProspectR tools. System promotes a team approach to prospect analysis. No shoe-horning of data between disciplines.
Consistent after-tax review of investment opportunities across fiscal regimes assures that your international exploration portfolio is populated with the best opportunities. gFullCycle supports accurate modelling of both concession (tax/royalty) and contract (PSC) regimes.
A new unique activity modeling framework enables you to capture key sub-surface and surface contingencies and choices. With the tool you can "program" your project and model staged exploration and exploitation activities and decisions.
The tool can therefore not only be used to model single target exploration opportunities, but also a broad range of exploration and business opportunities:
- Clusters of opportunities
- Hubs with both producing, in-development and prospective assets
- Concessions with multiple stand-alone and incremental opportunities
- Resource plays with pilot and development drilling & production
In all cases, the full cycle model will honor and reflect the consequences of both sub-surface dependencies and shared surface facilities and fiscals.
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