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EV2 – A Valuable Exploration Tool for a Competitive Advantage

By [email protected] - 22nd December 2016 - 14:41

Oil and gas exploration has always had a strong element of risk, not only in terms of making a discovery but also from fluctuating oil prices, turbulent exchange rates and changing geopolitics. The need to understand and quantify the geological risks and the complexities of petroleum economics is imperative. EV2 is an exploration valuation platform that has been specifically designed to assist this decision-making process. It has been jointly developed by CGG and Wood MacKenzie to provide an independent, transparent and consistent analysis of undrilled acreage. EV2 uses the latest economic data and commercial insight from Wood MacKenzie, combined with Robertson’s unique basis of geological knowledge and expertise within CGG’s GeoConsulting group, to provide a user-friendly economic-modelling tool. The flexibility of the EV2 platform, enabling assumptions to be changed and different scenarios to be tested, provides answers quickly for informed decision-making.