{"id":11099,"date":"2021-02-09T15:13:17","date_gmt":"2021-02-09T15:13:17","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=11099"},"modified":"2022-09-07T02:54:31","modified_gmt":"2022-09-07T01:54:31","slug":"commercial-advisory-case-study-regulatory-body","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/news\/case-studies\/commercial-advisory-case-study-regulatory-body","title":{"rendered":"Commercial Advisory Case Study – Regulatory Body"},"content":{"rendered":"

Project Briefing<\/strong><\/h2>\n

The Client required a comprehensive study into the impact that advances in technology, science and work methods had made on exploration efficiency since the 1990s. <\/span><\/p>\n

In addition, the Client required insights on how potential future technological developments could impact future exploration efficiency, based on examples from global petroleum provinces.<\/span><\/p>\n

Our Process<\/strong><\/h2>\n

a) Understand the client business<\/span><\/p>\n

    \n
  • Westwood collaborated with the Client to understand how it could facilitate \/ influence the utilisation of technologies that offered the greatest potential to improve exploration efficiency<\/span><\/li>\n
  • Westwood also sought to understand \u2018problem\u2019 basins \/ geologies that had yielded disappointing results, so that international analogues could be best identified<\/span><\/li>\n<\/ul>\n

    b) Understand the Client challenge, questions and problems to solve<\/p>\n

      \n
    • Detailed discussions with the Client to understand specific technologies of interest and the geological applicability of these technologies<\/span><\/li>\n<\/ul>\n

      c) Assess how we could help<\/span><\/p>\n

        \n
      • Westwood suggested complimenting the Client\u2019s data (regulatory well data) with Westwood\u2019s proprietary Wildcat and Atlas products to provide a comprehensive database to underpin the study<\/span><\/li>\n
      • In addition, Westwood suggested using a combination of in-house knowledge, consultations with senior explorers & service providers and desktop research to provide a comprehensive overview of the technological drivers of exploration success globally, and how key global lessons learned might be applied to the Client\u2019s country<\/span><\/li>\n<\/ul>\n

        The Outcome and Benefit<\/strong><\/h2>\n

        Westwood proposed a study with several components:<\/span><\/p>\n

          \n
        • Analysis of well data and results to allow a quantified assessment of the impact of technology on exploration success<\/span><\/li>\n
        • Consultations with leading explorers to gain a granular understanding of the efficacy & benefits of different exploration technologies in different geologies \/ basins\u00a0<\/span><\/li>\n
        • Consultations with relevant oilfield services companies to understand the most commonly used technologies, the efficacy of these technologies under different conditions, and future areas of R&D<\/span><\/li>\n
        • Literature review (industry case histories and presentations) to provide an overview of currently marketed technologies, and their likely application to the Client\u2019s home market<\/span><\/li>\n<\/ul>\n

          Westwood\u2019s analysis allowed the Client to gain a robust understanding into the impacts that different technologies had made on exploration efficiency in both home and global markets. Westwood\u2019s analysis highlighted a tendency for E&P Operators to overestimate pre-drill volumes, suggesting that the most impactful technologies for improved exploration efficiency may be those that allow pre-drill uncertainty windows to be more accurately characterised.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

          Project Briefing The Client required a comprehensive study into the impact that advances in technology,…<\/p>\n","protected":false},"author":3,"featured_media":11192,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[326,350,40,75,347,48,335,334,325],"tags":[],"class_list":{"0":"post-11099","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-atlas","8":"category-business-division","9":"category-case-studies","10":"category-consultancy","11":"category-exploration-and-production","12":"category-news","13":"category-sectors","14":"category-solutions","15":"category-wildcat"},"acf":[],"yoast_head":"\nCommercial Advisory Case Study - Regulatory Body - Westwood<\/title>\n<meta name=\"description\" content=\"A case study on Commercial Advisory - Regulatory Body within upstream energy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.westwoodenergy.com\/news\/case-studies\/commercial-advisory-case-study-regulatory-body\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Advisory Case Study - 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