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Exploration Company: Asset Acquisition

Opportunity

  • The assets may have been bought & sold many times over decades
  • Little historical context is available as the companies and people who created the data are long gone

Challenge

  • Large quantities
  • Poorly or un-categorized
  • Current production value of  retired and active assets unknown
  • Past or pending litigation impact
  • Vendor and customer contracts

Solution Approach

  • Asset based taxonomy coded to platform and unstructured data classified to taxonomy

Regulatory compliance impact

  • Potential new deep water drilling regulations
  • Stringent safety and environmental management systems (SEMS) certification for offshore development
  • Completion of statutory audits and controls for the audit and compliance process