Today's business environment dictates that each investment be carefully studied and economically evaluated, not only from a base case viewpoint, but also in terms of sensitivity to a variety of internal and external parameters. The ability to quantify the effects of uncertainty in an evaluation, as well as to account for the project risks, represents a powerful strategic advantage.
Scotia has developed, or has access to, a variety of economic and risk assessment models, capable of handling most oil field problems.
These include: