Basin Insights

Basin Insights gives our oil and gas clients the tools to look back at the history of an exploration basin and then look forward, so that you can set realistic cost and volume targets.

We help you identify new insights and opportunities to make better strategic decisions across exploration, new ventures and business development. More >>

The Benefits

Give your teams space to step back and think strategically about opportunities in an exploration basin or region. Reality-check your strategy and communicate transparently with senior management.

Our tools create a continuous “company memory” of what’s happened on a basin, helping your team quickly get up to speed. Your exploration spend will be more informed and efficient.

What's Included

• Evidence – access to a database of all exploration wells in a basin, which you can override and add your own judgements. Use the interactive Excel-based tool to interrogate data, and pull out and display insights simply.

• Cost and volumes forecasts - working with your team, we’ll incorporate your view of a basin’s potential and run both deterministic and probabilistic Monte Carlo analysis.

• Workshops - tailored work examining the questions that matter to you most.

Click to enlarge

Basin Insights, is a very effective tool for interrogating large volumes of regional data (e.g. well counts, success curves, play statistics etc) to gain a rapid overview of exploration performance within a basin. Nexen has used the tool to test exploration strategies both in the North Sea Basin and the Niger Delta and the tool is regarded as a key element of our play based analysis methodology

Martin Jakubowski, West Africa Exploration Manager, Nexen CNOOC Ltd.
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