Consulting Services
Thales Energy provides consulting service including:
- PIMAS application consulting
- Customized fiscal modeling
- Oil & gas new business opportunity economics evaluation and screening
- Decision analysis and risk analysis
- Corporate asset management and planning
- Portfolio optimization
- Reserve management
- ERP integration
National Oil Company Case Study
The Company is a well-known large national oil company (NOC), with over 40 global oil and gas upstream assets in over 20 countries outside of its home country. These projects include exploration, development, and producing projects. With government support, this company expanded rapidly over the past ten years through M&A. Its new business development department is charged with continual international project evaluation.
The Company’s previous work on economic modeling and evaluation was based on Excel or Excel-based applications. However, as the models, number of models, scenarios and data become more complicated, they found that excel based modeling was becoming increasing challenging. It was particularly challenging to link projects for the purpose of portfolio modeling and optimization.
After the Company evaluated Thales Energy PIMAS, their economists found they could quickly carry out economic modeling, test sensitivities on various scenarios, and provide quick support for investment decisions and contract negotiation. The Global Model Library (GML) provided ready access to models which facilitated potential new country screening. From the model contracts economists were able to customize and create accurate contract models quickly. The drag-and-drop intuitive graphic modeling approach is an innovation which provides many advantages over Excel.
Independent Oil Company Case Study
This Company is a major independent oil company with over 80 years history, based in Houston, producing and operating assets in over 15 countries with business concerns in the U.S., Gulf of Mexico, North Sea, Australia, Malaysia, Equatorial Guinea, Ghana offshore, Kurdistan, etc. This Company’s proven track record of exploration and development has created consistent and profitable shareholder growth for years.
The Company’s previous commercially available economic evaluation process utilized program based on programming language with mixed plug-in modules. The programming of economic models can only be performed by very well trained system level administrators. The economists did not understand the programming language and the programmers were not economists. Because this application was introduced over 15 years ago, its outdated infrastructure made it very difficult to deploy globally to the Company’s international assets. These obstacles greatly limited the use of this application, made routine economics evaluation and planning work very difficult.
This Independent Company evaluated PIMAS and found that it has distinct advantages over their previous application. PIMAS avoids complicated programming, almost all modeling modules and algorithms can be built through the PIMAS drag-and-drop approach. And because PIMAS is a cloud-based application, global deployment and application was relatively easy and efficient.
Independent Consultant Case Study
This Consultant is an independent consultant in London. He is a professional reservoir engineer with over 20 years’ experience in reservoir evaluation and optimization. He also has basic knowledge of oil and gas economic evaluation. He previously worked for several major oil companies, and now runs his own consulting business.
The Consultant was seeking an easy-to-use petro-economics evaluation application to test the economic impact of his reservoir optimization plans. He wanted to be able to do this with no required programming knowledge and without Excel modeling work. His objective was to find a cost effective tool, with an existing library of contract models, that would allow him to get a sense for how a particular client company would view his reservoir planning outcomes from the standpoint of client economic outcome.
After the Consultant evaluated Thales Energy’s on-line subscription services, he found that was able to get valuable insights from PIMAS into the way his clients would view the impact of his work on a particular client project. He was particularly impressed with how close his results were to the clients economic view of the project.
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