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Planning & Reserves: PetroVR Asset Development Planning

By viewing this video, you will learn how to use the probabilistic capabilities to gain a greater understanding of the uncertainties in your development plans and how they influence overall value.

This demonstration discusses why front end loading the planning process will create asset development decisions that incorporate a broader range of possibilities and help to focus on the decision-making process on the aspects that matter most. You’ll learn how we can analyze the range of outcomes possible with our development planning options and find alternatives that can maintain upside potential and minimize downside risk.

Key Takeaways:

  • How to front-end load the development planning process
  • How to model development options using simulation
  • Modelling uncertainty in the development plans
  • How to analyze probabilistic outputs for greater insight
  • How to generate alternative options that balance risk and reward