Improve estimation of energy resources
iRIS PPM helps upstream energy companies to better track data and manage the uncertainties inherent in assessing energy resources at any stage of lifecycle maturity.
Introducing the iRIS PPM Energy Source module
Whether you’re assessing the seasonality of expected wind currents, or the geological presence and quantity of energy volumes underground, the management of uncertainty is a key concern for companies in the upstream energy sector. The iRIS PPM platform provides a single, unified, environment for assessing the data, interpretations, and models when managing maturation of all your energy resources.
Key benefits
Manage resource estimation
iRIS PPM can track low, best, and high case estimates for energy resources, whatever their stage of maturity. Where more than one energy source contributes to a development project, iRIS can facilitate monitoring and management of individual units.
Systematically de-risk resources
iRIS PPM can house all key data and assessment activities, allowing you systematically de-risk energy resource investment decisions to increase your chance of success. Resource classification is linked to clear governance criteria, promoting adherence to reporting standards and compliance.
Retain all key data over time
Creating value from energy resources can span decades. With iRIS PPM you can collate, interrogate, and manage all sources of validated data. iRIS provides consolidated access to all derived interpretations and models long after original data is collected and assessed.
The iRIS Project and Portfolio Management solution was created especially for upstream energy companies like yours!
Actively manage energy resources, and control access to key data in a single place!
iRIS promotes a systematic approach to data capture, validation, interpretation, and modelling in a solution that provides access via a consolidated ‘single source of truth’. A holistic view of the energy resources and economics associated with each individual project is realized. iRIS facilitates consistent data-driven maturation decisions, and facilitates optimal allocation of investments across portfolio opportunities.
Get visibility of your energy resources while recognizing inherent uncertainties and potential mitigations
Manage, visualize, and control access to your energy resource data in whatever way suits the needs of your organization.
Quantify all your energy resources and uncertainties in one place
Whatever the energy resources data that you’re seeking to understand, iRIS PPM provides a home through which you can manage all your assessment work in one integrated environment. Access to acquired data as well as derived interpretations, documentation and models, within a unified repository, promotes corporate knowledge retention for the long term.
One location for all key resources data
The iRIS PPM platform supports responsible and accountable staff disciplines to consolidate all aspects of Energy Resources management within the upstream energy sector. It facilitates a common corporate view of energy resources data, uncertainties, analysis, and models. iRIS ensures transparency in your organization’s energy supply maturation process with a consistent and coherent approach.
Functional benefits:
- Energy Resources dashboards
- Data retention logs, summaries, descriptions and interpretations
- Links or integrations with other existing data systems
- Snapshots of historical data (e.g. low/best/high case metrics vs previous years)
- Peer review records and Quality Assurance tools
- Support for project decisions: common forecasts basis for economic evaluations
- Single source of truth: consistent statutory, stakeholder, and internal reporting
Clear visibility across portfolios and transparency within individual projects are key strengths of the integrated Resources Information Solution (iRIS)
Whether you deliver the top-level strategy, or the projects that drive success
iRIS PPM software is designed to make your job easier!
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