A Next Generation Planning Platform That Integrates All Planning Functions From Well Level To The Corporate Portfolio
Our Services And Products
Who are we
Palantir is committed to continual innovation in all aspects of oil and gas planning.
We work with companies who recognize the importance of being excellent at planning.
Why we do it
We believe that it is critical to improve the processes, techniques and tools E&P companies use to plan.
By improving the tools and processes companies use to plan, the resulting scenario plans enable highly efficient capital allocation, which reduces the cost of proving reserves while increasing financial earnings and return on capital.
How PlanningSpace™ Works
Living Business Plan
Better planning can be achieved through the employment of a Dynamic Business Model, which integrates the three strategic pillars of a company’s planning process: Reserves, Capital Allocation and Financial Earnings.
PlanningSpace™ connects the 3 key planning processes in an E&P company and enables companies to have a Dynamic Business Model.
Palantir’s PlanningSpace™ is a truly integrated, cloud ready platform that connects the different people, applications and functions involved in the design and evolution of the Dynamic Business Plan.
This is achieved through:
- Shared Data
- Integrated Processes
- Empowering Users
The Goal of PlanningSpace™
We understand that there are different workflows involved in planning. PlanningSpace™ connects the different people and functions involved in the design and evolution of a business plan.
The ability for instant feedback enables companies to precisely allocate capital to finance the growth of their reserves in order to generate and increase earnings. Palantir’s PlanningSpace™ enables planning process that are connected, collaborate, efficient, reliable and timely.
Planning challenges in oil and gas
Unable to adapt to market conditions
Difficult to track & manage workflows
Lack of data integrity/consistency
Time consuming to collect & consolidate
Lack of Integration
Multiple systems & data sources
(do not communicate)
Enabling The Living Business Plan
Current planning processes are very linear.
- Disconnected systems
- Ad Hoc processes
- Large amounts of data moving between systems
A future state where planning is collective and connected.
- Fully integrated tools
- Data secured and centralized
- Visibility of information invites timely feedback