"Providing process, analysis and evaluation to upstream decision makers"
EXPERTISE
Offering a unique combination of petroleum geology, business analysis and process experience to characterise E&P opportunities from different angles.
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PROFILE
More than 30 years of technical, management and consulting experience in international upstream oil & gas.
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Dieter Strack
International Oil and Gas Consultant

+49 (0)2102 39254
info@dieter-strack.com

CONTACT
PROJECTS
Broad spectrum of client projects since 2002, including upstream strategy reviews, exploration performance assessments and quick-look E&P opportunity screening.
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dieter strack
international oil and gas consultant
Overview
Expertise
Projects
Profile
Offering a unique combination of petroleum geology, business analysis and process expertise to look at E&P opportunities from different angles. This includes initial characterization, comparison and ranking of petroleum basins, HC plays, business opportunities, E&P portfolios or prospect inventories against key technical, commercial and strategic benchmarking criteria in a systematic and consistent manner. The objective is to identify critical subsurface issues and key business drivers early in the evaluation process so that cost- and resource-intensive due diligence work may be directed towards the most attractive projects and addresses the right questions.


 

High-Level Basin Screening
Quick-look characterization, classification and high-level benchmarking of petroleum basins worldwide based on a structured assessment of the geological, technical and commercial opportunities and risks. The objective is to stimulate a strategic debate and create a transparent, high-level E&P opportunity inventory for decision makers.
"Stimulating a strategic debate" 
Copyright © 2020 Dieter Strack. All rights reserved.
Expertise
High-Throughput Opportunity Screening
Comparing and ranking new venture opportunities and potential acquisition targets against company-specific strategic benchmarks and risk thresholds in a systematic and efficient process. The objective is to sharpen awareness for the 'right' opportunities, avoid motivational bias and thus reduce time and resources spent on 'dead ends'.
"Identifying key business drivers early in the evaluation process" 
Regional and Country E&P Reviews
Analysis of E&P market fundamentals, E&P business opportunities and entry options for countries and regions based on an independent assessment of geological, technical, commercial and political chances and risks. This is useful as the initial step for companies considering growth beyond their legacy areas.
"Seeking new opportunities outside legacy areas" 
Exploration Portfolio Optimization
Independent review of prospect & lead inventories with emphasis on risk profile, ranking criteria, transparency of resource tracking, measurement of success, and link to budget/ business plan. The objective is to develop the optimal drill-out strategy for improving commercial success in the face of internal and external drivers.
"Directing risk money to the most attractive prospects" 
Exploration Performance Assessment
Estimation of value created by a company's historic exploration effort on the basis of risk money spent and hydrocarbon resources added, developed and produced. Results provide essential performance indicators for exploration management and controlling.
Hydrocarbon Play Assessment
Geological prospectivity assessment of HC play fairways in the context of regional studies, new venture screening and prospect inventory reviews, or for companies who are seeking an external 'second opinion'.
"Independent geological opinion"