Bayphase Geologists - Engineers - Investment Analysts
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Iol and Gas Consultancy

Europe
Here are examples of some of the projects we have implemented across Europe.

Gas Property Reserves Validation - Hungary

Carried out a reserves verification on a portfolio of gas condensate and non-associated gas properties in Hungary. Carried out performance evaluations on a number of wells; used decline analysis to confirm 1P estimates of recoverable hydrocarbons made by another firm. Provided opinion on the veracity of the independent reserves report and its suitabilility as the basis for providing finance.
Exploration Support and Planning - Europe

Formed an integrated geophysics, geology, reservoir engineering and economics team for the Client during the development of a free standing Exploration and Production (E&P) group in the company. Carried out extensive technical consultancy associated with key E&P operations including:
• Assessment of license areas during government bid rounds and the preparation of technical and commercial bids.
• Attendance at data rooms including technical and economic analysis of potential acquisition targets along with preparation of technical and commercial bids and participation in negotiations.
• Detailed assessment of acquired license areas from a geophysical and geological aspect. Analysis of available seismic, well and regional geological data.
• Planning of seismic acquisition campaigns either as infill seismic or Greenfield. Supervision of campaigns and the processing of acquired seismic data. Reprocessing of available seismic data.
• Field assessment to establish reserves in accordance with the PRMS system and conceptual field development plans.
Presented plans for all stages of the work to the company’s management seeking approval through an Approval For Expenditure system. The work was focused primarily both onshore and offshore in a Central European belt stretching from the North Sea through to Black Sea; also covered other areas including North Africa.
Reserves/FDP - Baltic Sea

Implemented an assessment for a field in the Baltic Sea. Prepared seismic interpretation, geological model and reservoir model. Developed reserves assessment in line with the Petroleum Resource Management System (PRMS). Went on to put together a conceptual Plan for Development of the Field. Carried out an economic assessment on the field as part of an options screening and valuation process.
Gas Condensate Field Reserves Assessment and Valuation
Reviewed the available data for two gas condensate fields and developed an independent reserves assessment and asset valuation for a client interested in purchasing the property. Work included working with Soviet data and conducting geological, reservoir engineering and economic assessments
Independent License Area Evaluation
Carried out 2D interpretation of a large onshore block in Romania. The focus was the identification of shallow, relative small gas deposits. The work included prospect mapping and identification, development of independent reserves assessment and risk analysis. Also recommended targets for the exploration drilling program.
Market Study Oil Terminal
Provided an assessment of transportation costs and markets for an international bank assessing the robustness of a project designed to export crude oil and refined products from a terminal expansion loacted in Georgia. The assessment focused on investigating route and demand from potential clients in eastern Europe. It also established the availablity of crude oil and refined product supplies form a Caspian region hinterland including Georgia, Azerbaijan, Turkemenistan and Kazakhstan.
Abandonment Cost - Offshore Platform
Conducted assessments of abandonment costs for an offshore oil and gas platform and associated facilities in the Mediterranean. Assessed the the local regulations for removal of offshore facilities and devised plan to meet those requirements. Also investigated suitable site for recycling/disposal of some of the topsides elements.
Privatisation - National Oil Company
Conducted a reserves assessment and prepared the upstream technical input for bid related to the privatisation of the gas assests a European national oil company. Conducted geophysical, geological and reservoir engineering assessments of the bid data and carried out site investigations. The asset base consisted of a number of aged fields that required significant rehabilitation.


Viability Assessment Major Pipe Line
Conducted an assessment of the economic viability of a major European crude oil pipeline, including a review of potential users and options for development. The study included assessing the potential to reverse flow in the line. The modifications required to achieve this along with their cost were assessed. An economic assessment was then conducted to assess the viability of making the changes.

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 - Strategic Reports - Europe