Opportunity realization describes the process of bringing a new business opportunity from initial identification and assessment to final investment decision (FID), while ensuring value and return are optimized.
We create a roadmap of technical and commercial work items required to fully delineate an opportunity. We implement industry standard business planning processes. Our team will oversee the execution and completion of the work programmed from initiation to completion.
Opportunity realization Service will typically include:
Assessment of the maturity of existing exploration and reservoir data
Opportunity framing understanding key drivers and constraints, challenges and risks; working with stakeholders to define value drivers and critical success factors. Early identification of option screening criteria and setting basis for study
Formulating a work-plan to mature the opportunity: the roadmap
Creating a decision hierarchy for each key stage of development: the decision framework
Managing and executing the work
Distilling the results of the work into the decision framework
Review of findings and planning next steps
Our breath of experience allows us to identify Project risks and opportunities through Project phases (Feasibility and Concept Select), duly capture and register, map and mitigate identified risks.
Goal: to increase the value of your asset during the maturation phase of a field development.
Project Execution Plan
Level 1 & 2 schedules
Subcontract management from pre-qualification to close-out including developing bid list, scope of work, bid evaluation and execution management
Full Technical oversight