Date(s) - October 17, 2017, - October 19, 2017,
All Day MST
Bali Nusa Dua Convention Center
The SPE/IATMI Asia Pacific Oil & Gas Conference and Exhibition (APOGCE) will be held in Bali, Indonesia, from 17-19 October 2017.
“The current unpredictability of oil prices globally continues to push the industry to leverage on cutting-edge innovations, improve proficiencies and focus on synergistic partnerships to ensure continuous sustainability. In consideration of the current situation, the theme of the conference is Energy Resilience through Efficiency, Collaboration and Technology. APOGCE 2017 will encapsulate the need for the industry to focus on a sustainable operational blueprint, innovative technological applications and cost-effective measures.” Learn more about the conference.
3esi-Enersight to present the paper, “Project Specific Risk Consideration from a Portfolio Perspective”
Authors: Paul Allen, VP Consulting, 3esi-Enersight and Mark D’Arcy, Solutions Consultant, 3esi-Enersight
Objectives / Scope
While many companies utilize advanced systems for quantifying and normalizing geologic risks, and some have standardized above ground risk characterization, relatively few use this information effectively when assessing risks at a portfolio or aggregate level. This paper demonstrates an approach to assessing value and risks at a portfolio level when the underlying components contain opportunity specific and potentially unique risk drivers.
Technical Session 16: Portfolio Management
Date: Wednesday, October 18
Location: Mengwi 1 in the Bali Nusa Dua Convention Center
A spreadsheet based portfolio model is constructed, allowing a detailed description of individual and unique element uncertainties as well as the aggregate uncertainty resulting from various portfolio combinations. The model provides a template for the methodology that can be scaled to represent much more complex uncertainty environments and more diverse assets as applicable. This could be expanded to utilize a company’s internal project economics or characterization systems or any number of commercial systems as applicable.
The value in properly capturing project specific uncertainties and maintaining these descriptions when assessing portfolio value and risks is quantified for the case study depicted. This ensures that the value a company has invested in their project descriptions is fully leveraged and yet maintained in the proper context when viewed in aggregate.
Novel / Additive Information
While the techniques in describing geological and above ground risks at a project level are commonly applied and portfolio aggregations of projects are routinely conducted, the tripping point for many organizations is in effectively leveraging the detailed stochastic information at a portfolio level. Gaining insights at the portfolio level and maintaining the appropriate perspective on these uncertainties can yield significant value to organizations as they mitigate risks and adjust plans to exploit opportunities. This paper codifies an approach that may be employed and expanded to a wide range of asset types and diverse portfolio sets, independent of company size or complexity.
We look forward to seeing you at the conference!