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Lumivero Virtual Conference

POWERING CONFIDENCE IN DECISION-MAKING.

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See how Lumivero is helping Shell efficiently build risk models that deliver insightful and shareable results across the world.

Powerful Risk Management for Decisions in Energy, Oil, and Gas

With the energy sector under significant political and regulatory pressure to transition to renewable energy and make wise drilling decisions, the cost of making optimal decisions has never been higher. With @RISK and PrecisionTree (as part of the DecisionTools Suite), you can:

  • Optimize maintenance schedules and asset lifecycles given uncertain demand.
  • Calculate the likelihood of success at prospective oil, natural gas, and mineral sites.
  • Probabilistically estimate reserves and production decline.
  • Forecast load on power grids.
  • Simulate risk scenarios regarding renewable energy sources.

How @RISK Works

@RISK software is an add-in tool for Microsoft Excel that helps you make better decisions through risk modeling and analysis. It does this using a technique known as Monte Carlo simulation. @RISK’s Monte Carlo analysis computes and tracks many different possible future scenarios in your risk model, showing you the probability of each occurring. This probabilistic approach makes @RISK a powerful tool that you can use to judge which risks to take and which ones to avoid — critical insight in today’s uncertain world.

Watch @RISK in Action!

This @RISK demonstration is an introduction on using Monte Carlo simulation to perform quantitative risk analysis, showing a practical example of Cash Flow, including CAPEX, OPEX, production/sales and price risks, to show how you can quantify risks to improve your forecasts, planning, and overall management of a project with the use of probabilistic analysis.

What is PrecisionTree?

PrecisionTree lets you perform decision analysis in Microsoft Excel using decision trees and influence diagrams to visually map out complex decisions in a sequential, organized manner – helping you identify all possible alternatives and choose the best option.

Watch PrecisionTree in Action!

This demonstration will demonstrate how to use decision tree models to measure the value of information (VOI), both perfect and imperfect, and the consequences it brings to the decision process. All within Excel and in an intuitive way, but with all the necessary mathematical rigor.

Quick Start Video Tutorials

@RISK software is an add-in tool for Microsoft Excel that helps you make better decisions through risk modeling and analysis. It does this using a technique known as Monte Carlo simulation. @RISK’s Monte Carlo analysis computes and tracks many different possible future scenarios in your risk model, showing you the probability of each occurring. This probabilistic approach makes @RISK a powerful tool that you can use to judge which risks to take and which ones to avoid — critical insight in today’s uncertain world.

@RISK Quick Start Tutorial Videos

WATCH

PrecisionTree Quick Start Tutorial

WATCH

Getting Started with Expert Webinars

@RISK software is an add-in tool for Microsoft Excel that helps you make better decisions through risk modeling and analysis. It does this using a technique known as Monte Carlo simulation. @RISK’s Monte Carlo analysis computes and tracks many different possible future scenarios in your risk model, showing you the probability of each occurring. This probabilistic approach makes @RISK a powerful tool that you can use to judge which risks to take and which ones to avoid — critical insight in today’s uncertain world.

Risk Analysis in Oil & Gas: Forecasting Production Curves

WATCH

Introduction to Decision Analysis Using PrecisionTree: Measuring The Value of Information

WATCH

@RISK Webinar: Natural Gas Price Hedging for Electric Utilities

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Oil and Gas Series

@RISK software is an add-in tool for Microsoft Excel that helps you make better decisions through risk modeling and analysis. It does this using a technique known as Monte Carlo simulation. @RISK’s Monte Carlo analysis computes and tracks many different possible future scenarios in your risk model, showing you the probability of each occurring. This probabilistic approach makes @RISK a powerful tool that you can use to judge which risks to take and which ones to avoid — critical insight in today’s uncertain world.

Oil & Gas Webinar Series 1: Project Valuation and Risks

WATCH

Oil & Gas Webinar Series 2: Production Curve Risk

WATCH

Oil & Gas Webinar Series 3: Drilling Times Forecasting with @RISK

WATCH

Oil & Gas Webinar Series 4: Modeling Commodity Price Risk with Time Series

WATCH

Oil & Gas Webinar Series 5: Project Portfolio Analysis and Optimization

WATCH

Contact Us

@RISK software is an add-in tool for Microsoft Excel that helps you make better decisions through risk modeling and analysis. It does this using a technique known as Monte Carlo simulation. @RISK’s Monte Carlo analysis computes and tracks many different possible future scenarios in your risk model, showing you the probability of each occurring. This probabilistic approach makes @RISK a powerful tool that you can use to judge which risks to take and which ones to avoid — critical insight in today’s uncertain world.

Contact Us for a Trial or Demo

This @RISK demonstration is an introduction on using Monte Carlo simulation to perform quantitative risk analysis, showing a practical example of Cash Flow, including CAPEX, OPEX, production/sales and price risks, to show how you can quantify risks to improve your forecasts, planning, and overall management of a project with the use of probabilistic analysis.
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