Risk Analysis for the Petroleum Professional.  UnRiskIT provides a consistent platform to clearly organize and describe a drilling and completion program.

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Presentation transcript:

Risk Analysis for the Petroleum Professional

 UnRiskIT provides a consistent platform to clearly organize and describe a drilling and completion program in a manner that is easy to manage and understand.  UnRiskIT generates a probabilistic solution that illustrates the likely range of outcomes when executing drilling and completion operations.  Predict cost and time based on procedures and performance  Identify and quantify risk  UnRiskIT provides many standard risked charts and reports  Risked Cost Summary  Risked AFE  Uncertainty Statement  More…. UnRiskIT ®

 UnRiskIT risk-empowers the project manager or drilling engineer.  Designed specifically to support Well Construction and Delivery  The nomenclature throughout the program is in terms recognizable to the engineers that are responsible for the project.  You do not need to have a statistics degree or be an “expert” to perform an advanced multivariate Monte Carlo simulation. UnRiskIT ®

 Risk Awareness and Risk Response ▪ Performance Gains ▪ Cost Savings ▪ Reliability ▪ Production Enhancement ▪ Increased Safety  Accurate Cost and Time Estimates  Transparent and Auditable Analysis  Standardization and Consistency UnRiskIT ®

 Improve Operations  Planning, Execution, Delivery  Safety  Monitoring planned against actual  Apply lessons learned “Achieve Operational Excellence”

UnRiskIT ®

Drop Down Lists are linked to your data

UnRiskIT ® Drop Down Lists are linked to your data Select Risks from your own Risk Register

UnRiskIT ® Drop Down Lists are linked to your data Select Risks from your own Risk Register Risk Details will define the expected outcome

UnRiskIT ®

 “UnRiskIT® delivers unprecedented performance in terms of ease-of-use and accurate risked cost analysis and our group has been using it effectively since With UnRiskIT® we are empowered with an intuitive risk analysis software tool that helps us to quickly identify and communicate the risk and cost associated with our Underbalanced and Managed Pressure Drilling projects.” Mr. D. Lewis Global Operations Manager  “UnRiskIT® enables the user to thoroughly analyze and better manage risk, deliver more accurate cost estimates, reduce NPT, and avoid costly drilling problems. UnRiskIT® enlightens senior managers by providing quick and clear insight into the statistical parameters that compiled each risked cost / time estimate. Conclusively, it transforms well engineering operations from risk-vulnerable to risk- empowered.” Mr. H. Benning Director  “As a former Vice President for both Decisioneering and Palisade, I can tell you that neither Crystal Ball can hold a candle to UnRiskIT® when it comes to ease of use, robustness, or oil & gas specific functionality. Crystal Ball are mere tools, whereas UnRiskIT® is an actual risk-analysis end- to-end solution designed for the oil & gas professional. Any oil & gas professional looking for a powerful yet easy to use out-of-the-box risk analysis solution should try UnRiskIT® – it is flexible, was built by petroleum experts with years of industry experience, and eliminates the problems associated with building and maintaining complex Excel spreadsheets.” Mr. D. Shikiar Industry Consultant UnRiskIT ®

Risk Analysis for the Petroleum Professional Thank you for your time and interest! Please contact: Victor Guerrero Warrior Technology Services, Inc (main) (cell)