IPRES focus on helping the client to increase asset value of exploration acreage by maturing the resources into reserves. By using IPRISKfield in combination with IPRISKforecast and well, it is possible to evaluate a large number of options for drilling and concepts for production and transport. The outcome is a full overview of possible development scenarios, ensuring that no option removed too early from the decision process. Having these integrated technical and economic simulation models for exploration decision support makes it easy to revise any uncertainties/risks involved, from license application/purchase to value realisation of the asset. This enables the client to investigate most options for the asset upside, including new technology, and also makes the whole exploration team aware of the most important risks to mitigate in order to avoid downsides. The methodology results in ranking of projects and a plan for how to mature the acreage. Also the superior ability of the IPRISK tools to monitor the exploration scheduling enables the team to monitor drilling campaigns with many rigs and tie-ins of a number of prospects and discoveries to infrastructure. Key types of projects within exploration are:
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