Recently, the oil & gas exploration industry has experienced a significant shift in strategic emphasis towards value over volume. Recognising the need to accurately assess the future potential of licensed and unlicensed acreage, CGG’s Robertson group and Wood Mackenzie are launching EV2 – a brand new exploration valuation tool – with an advance release of ten ‘hot’ basins. EV2 combines Robertson’s unique geological knowledge with Wood Mackenzie’s industry-leading commercial analysis expertise to create the most formidable tool for exploration valuation available.
As leaders in their respective fields for over 40 years, Robertson and Wood Mackenzie have provided rigorous and impartial advice based on proprietary databases of the world’s oil and gas fields, wells; and subsurface data and analysis. With EV2 they have developed an innovative analysis tool which combines extensive geological risk assessments of individual plays with advanced Monte Carlo economic simulations. This tool allows business developers and new venture explorationists to differentiate exploration blocks and open acreage - in terms of subsurface risk, volume and value potential - to find the best opportunities, particularly in frontier basins where data is often scarce.