“Quality means doing it right
when no one is looking”
Henry Ford
New: The Russian Upstream and Oilfield Services 2023 report is ready for delivery
Over the years, REnergyCO has assembled and organized a vast amount of data about the Russian and Kazakhstan oil and gas industries. A proven approach to research, understanding of key driving forces, and heavy reliance on hard data helped REnergyCO to develop high-precision forecasts of the oilfield services market development in Russia and Kazakhstan.
REnergyCO developed unique expertise in Upstream and OFS markets, which allows the development of high-quality forecasts even in uncertain times. Below are examples of the difference with the competition.
REnergyCO constantly improves its forecasting approach, updating it annually. This update allows accounting for new trends in technologies and their impact on key upstream activities. Below are examples of a competitor’s and REnergyCO’s forecasts of drilling footage in Russia for 2017 (both thought of reduction in the year but of very different scope). Forecasts beyond 2017 were dramatically different (to learn how different you have to purchase REnergyCO‘s report).
It is inevitable that sometimes forecasts are wrong. Reducing the magnitude of mistakes helps to mitigate long-term strategic risks. It is crucial to maintain an ongoing process of updating underline data and reviewing key driving forces. Choice of forecasting assistant(s) makes difference in the quality of forecasts and resulting strategies (REnergyCO considers itself to be an important, but obviously not the only component in a company forecasting process). Below is a demonstration of a publicly-traded oilfield services company’s* assessment of the future of the Russian new oil well count and crude oil production and REnergyCO comments:
* sample from the publicly available presentation that may be no longer available. REnergyCO does not have information on whether the company used the data in the figure for its internal strategic purposes. The figure and comments are provided for demonstration purposes only.
REnergyCO invests significant resources in the development and updating of key reports. Investment in data and in time to review the data generates better analysis, deeper understanding, and better forecasts. Better data and analysis lead to higher-quality discussions about the present and the future (inside a client organization and between a client and REnergyCO). Paying clients is an integral part of REnergyCO’s business.
REnergyCO is highly qualified in every stage of the market research and strategy development process. REnergyCO follows rules that help to develop high-quality deliverables
- Understand strategic requirement
- Develop a detailed project structure
- Immerse in a segment/ an industry and understand real issues
- Find proper data sources, identify areas where data is absent, and find ways to fill in the gap
- Evaluate data properties (completeness and reliability) and interpret data
- Cross-check various data sources to see that results make sense
- Look around, beyond an issue, an industry, and a country
- Forecast the most probable scenario
- Check how the forecast worked overtime