GESGB Online Talk | Optimised Exploration Portfolios: How to Analytically Identify the Best Asset Combination for your Budget

GESGB members can register free of charge via the membership platform

If you are interested in becoming a member of GESGB please visit: https://www.ges-gb.org.uk/membership/ 

Speaker: Laura Robertson, Geological Advisor

Topic: Optimised Exploration Portfolios: How to Analytically Identify the Best Asset Combination for your Budget

Abstract

The talk details how investment theory can be used to determine the optimal portfolio (measured by NPV or EMV) given a certain investment constrain, based on the concept of the Efficient Frontier (Markowitz). Prospective Resources curves, POSg, POSe, expected capital expenditure, conditional risk for exploration wells and success case cash flows are modelled as inputs to the optimisation software. The analysis provides a tool for decision makers to rank and optimise their exploration portfolios.

This meeting is organised by the Risk, Resources, Economics and Commercial SIG committee.

Laura Robertson is a Geoscientist with 38 years experience in development and exploration projects, having worked with ENI, BP and Cairn Energy in West Africa, South Asia, South East Asia, the USA and Europe. She graduated in Sedimentary Geology at the University of Milan, Italy. She is now an independent geological advisor and an Honorary Professor at the School of Energy, Geoscience, Infrastructure and Society in Herriot-Watt University. She is the President Elect of the GESGB.