Economic Evaluation

We render the service of economic evaluation of exploration, appraisal and development oil fields. This is done by using different methods of economic analysis which enable the operators to make the best investment decisions before drilling a well or during the production phase of the well.

Our highly skilled and experienced team provides the best economic solution which gives the operators the highest rate of return on investment in the oil business.

Oil and Gas Due Diligence

Our team of professionals, including analysts, engineers, geologists and geophysicists, is experienced in providing technical and economic assessments of oil and gas fields for funding purposes. We can provide support by valuing existing fields and making independent valuations of assets including reserve certifications or annual reserves audits.

We will work closely with the operators, investors or banks to provide a detailed independent analysis of volumes, reserves, costs and capital expenditure.Following and agreed project scope the following summaries our approach to due diligence:

• Agree key project milestones with client

• Develop understanding of regional geological setting for each asset

• Assess available subsurface data, identify gaps and potential impact

• Identify and quantify critical uncertainties and technical risk factors

• Prepare independent reserves volume estimates

• Review development options and discuss alternative production scenarios with client

• QA/QC work programmes and estimates 

• Build, populate and run asset economic models to estimate value and assess sensitivities

• Generate robust range of resource volume estimates together with associated valuation and analysis of key value drivers and risks to delivery.

Other Services include:

Reserves certification

Competent person’s reporting

Portfolio evaluations

Farm-in or asset purchase evaluations