Resource Center Products Industries Solutions Company Contact Us The Oil E&P Commodity Management Solution Manage position, risk, logistics, and accounting Home > Industries > Oil E&P The Oil Exploration and Production (E&P) Commodity Management Solution – Commodity XL Trading and Risk Management Oil exploration is an expensive, high-risk operation. Offshore and remote area exploration is generally only undertaken by very large corporations or national governments. Typical Shallow shelf oil wells (e.g. North Sea) can cost USD$10 – 30 Million, while deep water wells can cost up to USD$100 million plus. Hedging price risk of crude oil is a key to profitable operations. E&P companies wishing to succeed must have sophisticated energy trading and risk management (ETRM) systems in place that not only transact and capture data in real time, but that also provide critical business intelligence and analysis information to make optimal decisions around trade execution, position management, and physical logistics. The Oil Exploration and Production ETRM Solution Trading Commodity XL for Oil™ provides complete control over trading operations. With Commodity XL traders can better manage current positions and gain real-time information to take advantage of market movement. Commodity XL integrates physical and financial trading, improves trading efficiencies with deal entry templates/blotters, provides sensitivity analysis, and enables “what-if” scenarios. Price Risk Management RESOURCE CENTER Oil Industry Solution Brief Refinery Solution Brief Commodity XL for Biofuels Commodity XL for Dodd-Frank: End User Exemption Mobile Inventory Navigator Global Oil Markets – Increasing Uncertainty and Risk COMMODITY MANAGEMENT BLOG We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent. Cookie settingsACCEPT