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After a merger, a major oil and gas company found it was left with multiple trading systems, which were not well coordinated and supported only limited types of trading. Production refers to the stage where hydrocarbons are extracted and exported for sale. Because this is the revenue-generating stage, there are primarily two types of drivers:
1) Keeping production levels as high as possible, and
2) Keeping operating expenses to a minimum.
Decision Strategies knows that what separates top operators from the rest of the pack is finding the optimal balance between these competing objectives. In addition, major capital decisions are typically made during the production stage, specifically regarding well count, well workovers, and secondary or tertiary recovery techniques (such as reservoir pressure maintenance, CO2 flooding, steam flooding, etc.).
Taking all these factors into consideration, Decision Strategies helps clients work through the balancing act and make economically sound production investment decisions while maximizing potential and minimizing risk.