Resource Expenditures
Assess the likelihood of prospective sites containing oil, natural gas, or other minerals. Probabilistically estimate reserves and production decline to make wise drilling decisions. Forecast load on power grids. Political and regulatory pressures have added to the cost of extracting oil, coal, and natural gas for refining and delivery to markets, and energy companies must carefully consider whether market demand can deliver a return on these investments in such an environment. Lumivero software solutions can show decision-makers the likelihood of going over budget based on analysis of data and guide them to the best course of action when deciding how to proceed.
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