Oil & Gas
Risk Management and Stochastic Modeling
Rynton helps clients understand potential risks originating from various facets of the business. Through its unique tools and consulting skills it then provides the appropriate modeling and computational framework to quantify such risks. These could include typical economic analysis (NPV), Monte Carlo simulation, and scenario analysis to Real Options evaluation.
Traditional methods of economic evaluation cannot capture the flexibilities of decision making which, in general, is practiced via active management principles. Techniques such as Real Options bridge this gap and provide a numerical optimization backdrop to compute risk premiums and leverage for contract negotiations.
Because of day-to-day business demands, pressures to meet bottom-lines and inability to maintain dedicated staff to perform non-traditional/core activities, it is hard to keep up with the new technological advances. The research component involved to both understand and apply these techniques are often branded as avoidable costs and are rendered to be the esoteric domain of “bigger” players. Our company exists to categorically bridge this gap and transform intelligent solutions into an affordable commodity.
Enable commercial research. If you have an idea and would like to develop it but unfortunately, do not have the manpower to leverage support, we are your instant choice. Within our eagerness, level of understanding and implementation skills, you will find a complementary partner. We can mobilize an urgent literature search for relevant material, formulate the model, design the algorithm and generate the computer program for the process. We can then, with your consent and desire, produce sensitivity studies for various process variables to usher in better understanding of the phenomenon.
Do you fall in this category?
Do you have an idea but don’t have the time to devote in the necessary effort to bring this to fruition?
Are you in urgent need to search the literature to identify, formulate and implement the right computational solution for your problem?
Are you an experimentalist or field personnel who desires to collaborate with computational partner to research/understand the problem?
If the answer is yes to any of these questions, your wait is over. Contact Rynton personnel immediately for your R&D needs.