Industries / Oil and Gas
Oil and Gas
Improve performance by pursuing the most profitable decisions.
See up to 5% of your annual revenue in additional profit.
Perhaps more than any other industry, oil and gas is consistently dealing with complex, volatile pricing. Plus, as you strive for maximum resource efficiency, there are innumerable resource trade-offs across functional areas, including exploration, production, refining, petrochemicals, logistics, and retail.
Then, there are renewables. You need to know when and how to effectively move to new sustainable energy sources, while also making sure that traditional energy sources are cleaner.
Ultimately, your challenge is to prepare for future uncertainties that may affect upstream, midstream, downstream, or a combination of these areas.
Combine an engineering-quality representation of your plant with an audit-quality representation of financials to find the design that maximizes net present value.
Pursue the most effective decisions to support operations, whether allocating maintenance crews to field assets or sending ships to marine terminals.
Optimize production and product mix to find the combination that maximizes financial outcomes, even as input costs and market prices change.
Evaluate investments against a realistic picture of the existing asset base to find the optimal combination that maximizes return on invested capital.
Respond to unplanned disruptions and new market developments in near real time with a plan that maximizes business performance.
Translate input cost and product price fluctuations into accurate operational and financial forecasts, driving higher confidence in new investments.
River Logic’s optimization-based prescriptive analytics solution creates a full picture of your asset base and allows you to easily define and explore alternative scenarios. This allows you to better understand difficult trade-off decisions that can have major impacts on revenue, cost, and profit. By connecting this picture with input costs, end-product prices, and your financial implications, you uncover hidden opportunities, manage risk, and improve performance.
How do we maximize production and throughput?
How do we optimize capacity use and product mix to maximize overall profit?
How can we ensure drilling crews are always working on the right priorities?
What are the routes and shipping assignments that maximize profit contribution?
What nominations should we make to secure capacity at lowest cost?
“We were attracted to the flexibility of Enterprise Optimizer. We can determine things such as where and how to blend coal, adjust plans based on customized multi-criteria optimization, and simulate financial flows. We will continue to use River Logic to streamline our efforts for determining functionally aligned plans that optimize our performance objectives.”