Framing Exploration Strategies Course

What is the best exploration strategy for our acreage position? How should we appraise our discovery in the most efficient and cost-effective manner? Attend this course to become adept at framing exploration strategy using powerful decision quality tools and techniques. Through an interactive mix of theory and hands-on relevant case example applications, learn to frame important exploration decisions including country entry, block strategy, appraisal strategy and stakeholder management planning. Learn to bring scenario thinking into the frame to proactively manage exploration strategy as the landscape unfolds.  

What’s Covered

• Understanding different phases of exploration and the framing steps and tools most useful for each 

• Identifying the key objectives that will be used to compare strategy alternatives  

• Developing insightful scenario trees to understand the impact of key uncertainties associated with exploration opportunities and acreage positions 

• Developing proactive exploration strategies set up to monitor signposts and strategically shift based on outcomes 

• Qualitatively assessing strategy alternatives 

• The role of quantitative analysis to compare strategy alternatives 

• Discussing trade-offs to decide which strategy to pursue  

What’s Provided

• A unique package of reference material and software which enables attendees to become independent practitioners of Decision Quality 

• Course manual with standard lectures and relevant case studies (digital and or hardcopy) 

• Decision Frameworks digital Decision Quality Toolbox, a quick reference guide to key workflow steps 

• State-of-the-art decision software, DTrio® (for Decision Framing) and TreeTop® (for Decision Trees and Uncertainty Analysis) for a 30-day evaluation period 

Online Course Outline (two, 4-hour modules)

Module 1 – Decision Quality Overview & Decision Framing

• Introduction to Decision Quality and decision framing (group by-hand exercise) 

• Types of exploration decisions and associated framing workflows  

• Case study breakout: Country entry and or block strategy framing 

Module 2 - Uncertainty Reduction Framing Tools for Exploration & Appraisal Strategy Framing

• The role and fundamentals of uncertainty reduction in exploration 

• Uncertainty reduction framing tools in the exploration framing workflow 

• Introduction to Scenario “Oracle” Trees to understand impact of uncertainty outcomes on exploration acreage/project decisions  

• Case study breakout: Exploration or appraisal strategy and stakeholder management plans 

Who should attend? 

• Exploration professionals and project managers who facilitate and support exploration and appraisal strategy decisions in the organization 

• Decision professionals who facilitate exploration and appraisal strategy decisions in the organization