Data Source Assessment Quiz

Have you identified analogues from global databases to benchmark recovery factors?

Are your recovery estimates based on comparable and high-quality data sets?

Do you benchmark your fields against top-performing analogues to uncover underperformance?

Have you identified which fields have the most potential for recovery optimization?

Are you running multiple scenarios to account for oil price volatility, costs, and legal factors?

Have you stress-tested your recovery forecasts against various conditions?

Do you have confidence in your ability to prioritize high-value opportunities?

Is your data integrated into your decision-making process effectively?

Are you leveraging benchmarking tools like bMark to ensure you’re ahead of competitors?

Do you regularly update your benchmarks to reflect new data and industry trends?