Oil and Gas ConsultancyOil and Gas Consultancy
Our work in this area has included us acting for buyers and sellers of assets. We have been involved in a variety of transactions including privatisations, limited equity farm-outs, farm-ins and the identification and valuation of targets for acquisition. Our primary role in these transactions has been that of providing technical support though we have increasingly been called on to provide commercial support.
The projects below have required deployment of Equity Sales and Purchase skill set:
Developed an independent reserves assessment for four newly discovered fields in this ultra deep water license area in Nigeria in conformance with the PRMS standard. Carried out full seismic interpretation, prepared a reservoir assessment and production profiles, developed outline field development plans and also conducted a full development and operating cost assessment using our NETCO$TER cost Evaluation Software.
The discoveries are located in ultra deep water depths and required the use of innovative productions solutions in the development scheme. Based on the commercial terms associated with the acreage and the technical and cost assessment described above developed an independent valuation of the discoveries.Also carried out a full prospectivity assessment of the acreage based on recently acquired 3D seismic data. The work was conducted as part of a farm-out process which is now complete. The Client disposed of a major portion of his 100% holding in the Block.
Assisted a Client looking to acquire a share in of a number of assets in western Kazakhstan, in the Pre-Caspian Basin and the Mangyshlak. Carried out full technical and economic evaluations of each asset including: seimic interpretation verification; geological model validation; development of independent PRMS assessment including 1P, 2P and 3P reserves and contingent resources; review of detailed Field Development Plans (in Russian); detailed cost verification of development and operating costs using our NETCO$TER cost Evaluation Software; asset valuation including Net Present Value and Fair Market Value - the latter was based on Bayphase'proprietary data base of Kazakhstan oil field equity transactions. Assisted the Client in making his acquisition decisions and development of his acquisition strategy.
Developed an independent probabilistic resources and reserves assessment for this offshore block in Tunisia in accordance with the PRMS standard. Also carried out a valuation of the block for potential equity purchase by the Client. The valuation was based on development and operating cost estimates established independently by our consultants.
Developed a Competent Person Report for two onshore exploration blocks in the Democratic Republic of Congo in accordance with the PRMS standard and regulations set down by the Johannesburg Stock Exchange (JSH). The work also included a valuation of the blocks based on cost estimates established using our using our NETCO$TER cost Evaluation Software.
Developed an independent resource and reserve assessment for the fields and prospects in this Block in Kazakhstan to PRMS standards. Also prepared valuation of the property for a potential acquisition of equity by the client.The license included a number of small fields along with shallow and deep lying prospects identified through seismic interpretation. The valuation was developed based on independent cost estimates developed using our netco$ter cost estimating software.
Developed independent probabilistic reserves assessment for these fields in the Ukraine in accordance with the PRMS standard. Also carried out a valuation of the field for potential equity purchase of part of the fields by the Client. The project included working with Soviet era data whilst developing a consistent geological and reservoir engineering assessment.
Developed independent probabilistic resources assessment for this onshore block in Nigeria in accordance with the PRMS standard. Also carried out a valuation of the block for potential equity sale by the Client. The valuation was based on an outline field development planning assessment conducted on the likely outcomes of a proposed exploration drilling campaign.
Bayphase
Limited, St Georges House, Knoll Road, Camberley, Surrey, GU15 3SY, UK
Tel: +44 (0) 1276 682828 - Fax: +44 (0) 1276 63334
Oil & Gas Consultants - Prospect Evaluation - Reserves Assessment - Oil and Gas Reports - Oil and Gas Costs - Field Development Planning