Euro Log Ltd, Orlando House, 3 High Street, Teddington, Middlesex TW11 8NP tel: +44 20 8977 4407

Euro Log

Euro Log offers over 30 years’ experience in modelling uncertainty, and is at the forefront of simulation research. Our expertise in representing complex situations is unparalleled, leading to credible and reliable results which support decision-making at the highest level. We are able to integrate our knowledge of risk with our clients’ evolving requirements to best serve their needs.

Using Euro Log to assess uncertainty within conceptual studies helps to optimise decisions based upon the study results whilst being aware of the possible pitfalls and gains that can be made.

Forewarned is forearmed

Conceptual Studies

Conceptual studies are by their very nature uncertain. Whether the study is a financial evaluation of possible territorial seabed activities or a comparison of different oil and gas field development options, uncertainty is inherent within the situation.

Ventures that are a long way from becoming reality cannot be represented by fixed estimates for project cost, schedule or investment performance, as much is unknown at that stage of a project. Similarly, portfolio analysis cannot accurately represent venture or product combinations with fixed figures for capital expenditure, Internal Rate of Return or Net Present Value.

Gaining an understanding of the variability within these studies helps businesses optimise their decisions taking into account likely outcomes, whilst being aware of the ranges of possible results and the factors that influence them.