1. Changing times in oil an gas and the VUCA world
Volatile
Uncertain
Complex
Ambiguous
“The new normal”
but we can adapt to survive and thrive -
Vision
Understanding
Clarity
Agility
Volatile
Uncertain
Complex
Ambiguous

2. A short History and Evolution of Decision Tools (a simplistic picture)
Over time individual and combinations of tools have grown organically in the sphere of “evaluation”
We need a new approach that addresses the questions from a 21st century perspective, using 21st century techniques.

3. The ABIS Insight model
21st Century Challenges require 21st century solutions
Our tools utilise the latest software delivery mechanisms and programming tools to increase speed and effectiveness
Our tools and techniques begin with the identification of goals/opportunities and aligning organisations to achieve/maximise these.
Unlike other offerings on the market, the ABIS business model has not evolved organically over time, absorbing often inefficient practices.
The ABIS model has been designed from first principles, adopting leading edge approaches, to suit the needs of an increasingly challenging oil and gas investment market.

4. Unit cost and effectiveness focus
How do we effectively remain competitive in a sub $50 oil world.
Guard against the lows and exploit the highs?
Unit Cost Currently Circa $38/bbl
Unit Cost
How low can we go??
What are ABIS Doing to help achieve this?
Working with new operator to implement a new approach to MER
Working with OGTC to evaluate and nurture new technology
Close working links with academia to embrace new thinking
Growing collaborative and cooperative relationship with OGA

5. A new approach to Decision making
The ABIS Insight Model
A new approach to Decision making

6. 3 Themes – Understanding, Knowledge, Application
6 Core Workstreams – Teams, Priorities, Economics, Risks & Issues, Project, Programme
3 Themes – Understanding, Knowledge, Application
Organisation and Development
Purpose, Values, Vision
5 Elements
K&I Test
Strategy Development and Priorities
Brainstorming
Matched Pairs
Economic Modelling
Scenario Development
Scenario Analysis
Risk and Issues Management
Deterministic
Probabilistic
Project Configuration
Work / Cost Breakdown
Resources
Baseline
Programme Management
Standardise
Simplify

7. Establish Baseline
Evaluate
Scenarios
Opportunities
Review
Implement

8. Who needs our model and why?
Regulator :
Easy way to evaluate new developments and area strategies on a “flat equity” basis and assess impact of legislative change.
Operator:
Dynamic decision making to quickly evaluate and optimise opportunities
Industry bodies:
Ability to quickly evaluate impact of legislative/technological/structural changes
Supply Chain:
Ability to engage with operators in a “value discussion” rather than a “cost discussion” using tools and techniques usually only available to operators.