Most Operators have been faced with these particular questions and it is a struggle because it is not a decision that one person can make. This is especially true as the industry moves towards larger, integrated projects that are the sum of many individual decisions coming from multiple players in both the commercial and technical worlds.
Petroleum Investment Lifecycle Management™ connects Palantir’s PlanningSpace™ and Landmark’s DecisionSpace® to create solutions that connect both the commercial and technical worlds through timely, quality data that provide information when needed. Companies will have a better understanding of how commercial, or economic factors impact drilling campaigns. In turn, the annual planning cycle shifts to one that is more iterative and collaborative so that companies can plan at will or when a decision is needed.
It was built to save companies hours and days of analytical time, and enable planning processes that are much more iterative and responsive to changes in market conditions. Technical groups, with their understanding of the options available to a particular asset can now provide an enormous amount of scenarios to corporate planners who will be able to produce rich and robust portfolio plans based on that information. In turn, companies are able to create business plans that are much more resilient and capable of operating at a wider range of commercial and market conditions.