Real World Application

Prospect discovery probability

Challenge:

Identifying successful prospects is a high-risk and technically challenging enterprise. An erroneous recommendation for drilling an exploratory well can result in a dry hole, sinking millions of dollars in investments. In addition, the traditionally laborious process of collecting and examining data for well drilling justification and decision making can take months, if not years.

Solution:

Based on our innovative decision support system, Signature Analyst, we delivered the optimal solution to our client through a combination of geospatial data processing, predictive analytics, collaboration tools and a proven methodology. The solution delivered actionable knowledge for accurate and effective decisions while enhancing objectivity by discerning subtle yet powerful insights not easily apparent in manual analysis. This resulted in improved confidence in decisions and maximized likelihood of success.