The Why Every organization has objectives and works to achieve them. Risks are events that can prevent organizations from reaching these objectives, whilst opportunities are the opposite, they can help to surpass objectives. In this article we focus on the former. Risks are inherent to reality; no progress can be made without incurring risks. However, …
Background The iVal tool supports most aspects of decision-making excellence and provides a deep insight into a company’s performance. This potentiaal ranges from technical aspects all the way up to project definition and execution. Not only should the right plan be matured to deliver the best value, but the organisation should also be capable to …
Carbon dioxide phase diagram CO2 is solid below 56,4 degrees Celsius. When warming up under low pressure, the solid CO2 will turn into gas whilst under higher pressures (above 5-73 bar depending on the temperature) the solid (frozen) CO2 will turn into a liquid as shown in the chart. More importantly for CCS, however, is …
Compressed Air Energy Storage Current systems exist in Germany and in the US and can reach an efficiency between 42 and 54%. With heat exchangers and more efficient compression facilities and turbines, the industry is aiming for a 70% efficiency around 2025. In order to store significant amounts of energy, a sizable high-pressure storage unit …
Challenges Needless to say, there are no simple, predictable, deterministic answers or solutions to these questions! This can lead to ‘analysis paralysis, where a quest for more detailed information and analysis, in the hope that it will better frame the problem and indicate ‘the answer’, can itself lead to further delay. This is not desirable …
What makes Joint Ventures successful? External research combined with our own experience highlights the key requirements to make Joint Ventures work. We will provide some examples of research in this area. First, it is important that partners are aligned on the strategic objectives of the Joint Venture. Of all the Joint Ventures that fail, 50% …
Managers in oil and gas companies will have to decide on trade-offs dealing with a range of possible discovered volumes and uncertain hydrocarbon types. Variables such as recovery factors, production rates, lifecycle cost assumptions, product pricing and access to markets also play a key role in determining the value of a discovery. Furthermore, agreements need …
Please enjoy our series of videos on fundamentals of asset management in the industry with emphasis on oil and gas asset management. We hope you find these insightful and practical and we appreciate your feedback! The series consists of eight videos. Meet the authors in the Introductory Video. The subsequent Prologue and six videos lead …
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