Portfolio Risk Analysis Enhances Your Exploration Metrics

Analyze and select the drilling portfolio to best deliver your targets for value creation through resource discoveries.


PortfolioRA aggregates selected prospect assessment data to show you the range of possible outcomes for the modeled portfolio. Compare simulation results against your important exploration metrics such as estimates of commercially recoverable resources, discoveries, costs and, of course, value. Quickly capture prospect details by importing from RoseRA prospect risk assessment software, enter data by hand or via a custom loader.


​Use efficiency metrics to define the optimum portfolio that maximizes value and resources while minimizing costs. Optionally, weight the ranking criteria according to your corporate goals. Our “traffic-light” matrix facilitates portfolio selection in an easy-to-read visual format via colored quartiles and numerical rankings for all prospects.


Group related prospects and quantify their degree of dependence at the chance component to define the group’s Shared Chance and each prospect’s conditional Local Chance. Honor user-selected Shared and Local Dry Hole Tolerances and Group Commercial Thresholds in the simulation.


Create Time Series plots of the portfolio’s range of discoveries, volumes, costs and value. In mature or frontier areas, where production rates are available or can be estimated, PortfolioRA can simulate a portfolio’s mean or median average daily production or total monthly cumulative production data. As with the volume-based modeling, the simulated results can be evaluated in several charts to gain rapid insight into potential portfolio production.


Output an external workbook detailing the portfolio results associated with every trial color-coded for commercial discovery volumes, non-commercial results, dry holes and wells not drilled or skipped for various reasons including budgetary constraints or group Shared or Local Dry Hole Tolerances being met.


Be prepared for the hard questions about your program:


  • What is the spread of potential resource outcomes?
  • What is the chance of achieving a specified resource goal?
  • What is the chance of Gambler’s Ruin?
  • How many commercial discoveries can you expect to make?
  • What is the range of value created?
  • How much will drilling this portfolio cost?


Build Sequential Accumulation charts of cumulative predicted resources and number of discoveries on a well-by-well basis to facilitate tracking of your predictive performance. Easily vary the percentiles designating the predicted symmetric boundaries. Capture actual discovery EUR results to quickly compare cumulative discoveries to predicted discovery volumes to learn if estimation biases exist.

Review key portfolio metrics via tabular and customizable dashboard outputs.


​Prospect CrossPlots and Ordinal Rankings charts allow you to compare prospects within the portfolio and to easily spot biased prospect estimates for further review. Over 150 prospect variables are available from convenient drop-down lists including resources, chance of success, costs, value, CO₂ emissions and CO₂ sequestration mass, and economic indicators. Use the bubble option to apply a third dimension to the CrossPlots chart. Color code prospects by Business Unit, Geologic Play or other descriptors and metrics.

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Get in touch with us right away for more information about this powerful tool and to find out why PortfolioRA will become an essential part of your project evaluations. To see PortfolioRA firsthand, fill out our contact form for a demo or to set up a trial to test PortfolioRA for yourself.

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