Simulations & Assessments for Talent Decisions · Industry Simulation
Oil Extraction Today™
A business simulation that helps participants understand how operational, technical and investment decisions drive performance in the oil extraction industry.
Have you ever wondered why operational decisions that improve production in the short term can sometimes create unexpected consequences for costs, reserves, risk or long-term profitability? In the oil extraction industry, business performance depends on balancing operational efficiency, investment decisions, asset management and financial results.
Oil Extraction Today™ is an interactive, board-based business simulation where participants manage realistic oil extraction operations in a competitive environment. Working in teams, they make strategic and operational decisions, allocate resources, manage assets and experience the impact of their choices on production, profitability and overall business performance.
What you will learn
How to...
- understand the key drivers of performance in an oil extraction business
- evaluate operational and investment decisions through a business and financial lens balance
- production objectives, maintenance requirements and asset performance
- understand the relationship between operational activities, capital expenditure and profitability
- make more informed decisions in an environment of limited resources, uncertainty and market volatility
What to expect
- An immersive, board-based simulation, bulit on the realities of the oil extraction industry
- Practical experience managing production, maintenance, investments and operational performance
- Multiple business cycles where teams compete while responding to operational and market challenges
- Exposure to key concepts such as OPEX, CAPEX, budgeting, ROI and business performance indicators
- Structured debriefs connecting simulation insights to participants’ day-to-day responsibilities