Palantir’s Exploration Portfolio Management solution leverages PlanningSpace™ to provide E&P companies with the visibility they need to make confident decisions around how to maximize value from their inventory of exploration prospects to meet corporate strategic objectives.
PlanningSpace™ Dataflow provides an evergreen centralized repository for all of the core exploration permit and prospect data, which is sourced from any number of dedicated G&G and engineering tools. PlanningSpace™ Economics is then used to calculate NPVs and EMVs of all of the prospects in the inventory using the latest macro-economic, fiscal and commercial assumptions. This data set is then run through a quality review and assurance process before being fed into PlanningSpace™ Portfolio where sophisticated scenario planning and portfolio optimization is conducted.Learn More
Most exploration departments are faced with a real challenge to gather the vast amount of data required for a portfolio process in an efficient manner. Due to lack of integration it can be a very time consuming and expensive process, so it’s often only performed annually. Many exploration leads and prospects do not have consistent estimates of timing, cost and value. The end result is that most companies will have an incomplete view of their exploration portfolio.
Exploration is the engine room that drives the organic growth of any oil and gas company. It drives reserves replenishment and growth, and, if managed well, adds significant value to the shareholder. At Palantir, we are passionate about extracting the maximum value out of the vast amounts of data available and applying cutting edge technology to streamline this value creating process. We saw an enormous opportunity to revolutionize the way that exploration divisions manage their portfolios by leveraging the technology and knowhow, which we have developed for more than a decade by focusing on corporate strategy and portfolio optimization.
Perform thorough evaluations, from subsurface to economics, on every prospect in the inventory regardless of its maturity. Rerun the portfolio analysis, at-will, on assured data in a fraction of the time that it would take with current processes and present results to management with confidence. Extract maximum value by truly enabling collaboration and data sharing amongst multi-functional exploration teams. Consistently make decisions in keeping with corporate level strategies, targets and constraints and be in a position to easily communicate the trade-offs between a multitude of portfolio level options.
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