|
|
Facilities Engineering |
 |
We undertake a range of facilities engineering services as outlined below. In essence our facilities engineering group covers all issues associated with delivering and selecting the equipment, material and services required to develop a prospect or field. Our facilities group is formed of two groups: surface and subsurface facilities.
|
Surface Facilities |
|
Our surface facilities group is responsible for establishing the optimum scheme for the surface system associated with any given assessment. As such it carries out process engineering , mechanical engineering and cost engineering assessments of field and project data to arrive at the design optimum. This group also tends to be responsible for coordinating all input from the company's disciplines to ensure an INTEGRATED overall solution is obtained for any given situation. The group also coordinates all cost inputs to develop cost estimates for Exploration, Appraisal, Development, Operations and Abandonment. A key product is the development of cash flows and production for all aspects a given oil and gas investment. This represents the first stage in performing economic assessments and thereby valuing a field or asset.
|
Subsurface Facilities |
|
Our subsurface facilities group is responsible for developing the mechanical solution for the subsurface equipment in any given prospect or field. The primary component of this system is the wells and all that is entailed in their specification, drilling and servicing, once drilled. Our subsurface facilities group conducts production engineering, drilling and cost assessments of production completions and casings. This group acts closely with our surface facilities group - ensuring that the interface between surface and subsurface is fully defined and understood - also ensuring that all the cost implications of the subsurface system are fully understood by the overall coordinating group - surface facilities engineering.
|
Technology |
|
The two primary pieces of software utilised by our facilities group are ProMax and NetCo$ter. ProMax is a steady state process simulator, it is used to conduct simulation studies of surface equipment; to generate mass balances, energy balances and optimum configurations. NetCo$ter is a tool developed by Bayphase during 15 years of continuous involvement in international oil and gas projects. Looked at simply it is a cost data base that is able to generate accurate cost estimates for all apects of implementing Exploration, Appraisal, Development, Production and Abandonment operations. It also includes extensive planning capability and is able to sequence the activities associated with oil and gas exploitation; as well as the ability to incorporate production profiles. This allows it to be used to generate cash flows and revenue profles for any given oil and gas development.Like any other tool of this nature it is only as good as its data sources - Bayphase's unique position - over the last 15 years - has allowed it to develop a cost estimating and planning tool that is based on real projects and data.
|
Project Experience |
|
The projects below required facilities engineering input.
|
| Deep Water License Assessment - West Africa |
|
| Developed an independent resource and reserves assessment for the Client’s acreage in conformance with the PRMS standard; carried out full seismic interpretation, prepared reservoir assessment and production profiles, developed outline field development plans and also conducted full development and operating cost assessment. Development of the discoveries found in the acreage would require the use of innovative productions solutions. Based on the commercial terms associated with the acreage and the technical and cost assessment described above developed an independent valuation . Also carried out a full prospectivity assessment of the acreage based on recently acquired 3D seismic data.
|
| Field Development Financing - Norway |
|
| Carried out a reserves verification to PRMS standards as part of a technical due diligence assessment of this complex gas condensate field complete with oil rim located in the Norwegian sector of the North Sea. Also carried out a risk assessment on well performance, project schedule and project costs. Advised the client on technical risks associated with the project and the banking case profiles that should be adopted.
|
| Early Gas Utilisation Study - Sudan |
|
| Carried out the upstream section of gas utilisation study designed to establish if implementation of an early gas power generation scheme in the license area was technically and economically feasible.Developed a reservoir simulation model for the discovered fields and established a field development plan for the production of gas suitable for power generation.The plan included a scheme to recover associated liquids and to produce LPG for local consumption. Carried out costing and economic analysis of the upstream scheme to establish the optimum production scheme.
|
| Reserves Certification – Kazakhstan Property |
|
| Carried out a preliminary and detailed reserves certification and valuation for a small oil field in Kazakhstan’s Pre-Caspian basin. Developed a seismic interpretation and used available well log and test data to develop a reserves determination to PRMS standard.The Certification was used as part of an investment funding process designed to establish funds for development of the field and to carryout further exploration of the license area. Also developed an exploration plan for further evaluation of the license area including deep pre-salt carbonate structures.
|
| Worldwide Mega-project Analysis |
|
| Carried an analysis of international Oil and Gas Mega-projects for a National Oil Company. The work sought to establish how government bodies particularly national oil companies interacted with international oil companies carrying out very large projects in their countries. The work focused on establishing:
• How government bodies organised themselves with respect to such projects
• The procedures and strategies adopted by government entities in controlling such projects
• The relative performance of such projects in various area around the world.
The work focused on four geographic regions: Western Europe, Middle East, South America and South East Asia
|
| Asset Acquisition - Kazakhstan |
|
| 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 and assessment; 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.
|
| 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.
|
| Field Evaluation - Tunisia |
|
| Carried out an independent reserves assessment for a client looking to farm-in to a license offshore Tunisia. Carried out a probabilistic reserves assessment to SPE guidelines. Also carried out a full Field Development Plan validation; assessed plan was technically feasible, that costs met industry norms and that the economic assessment was valid.
|
| Project Financing - Libya |
|
| Identified companies active in Libya for a Group offering finance for E&P operations in that country. Went on to carry out independent reserves assements on selected licenses, field development planning reviews and independent budget and cost assessments. Also performed economic analysis and technical and economic risk assessment.
|
| FDP Study - Oman |
|
| Carried out a Field Development Planning study for a prospective field offshore Oman;in a 1000m water depth. Considered a range of options for the prospect including oil and and non-associated gas developments. The work including establishing viable options for each option and fully costing all associated operations including: exploration, appraisal, development, production and abandonment. Developed the formal submission for the government of Oman. local government
|
| Reserves and FDP Assessment - Nigeria |
|
| Carried out a reserves assessment on an onshore Nigeria gas field to SPE standards; established 1P and 2P reserves. Went on to develop conceptual field development plan for the reserves as part of a gas utilisation project. Developed a full cost and economic assessment for the development program.
|
| Project Re-financing - North Sea |
|
| Provided technical support to a Bank acting as part of a consortium providing refinancing to an E&P company active in the UK sector of the North Sea. Assessed production and other data from the 1 producing fields and 2 undeveloped fields that formed the re-finacing collateral. Performed Independent reserves determinations and assessments of production forecasts to ensure that a solid collateral basis had been established. Identified the key technical risks associated with the reserves assessments and production operations; advised on contingencies to be considered in the refinancing.
|
| Project Financing - Russia |
|
| Provided technical support to a Bank assessing the risks associated with making a loan to a company developing a gas condensate field in the Volga Region of Russia. Performed an Independent reserves determination as the basis for establishing the technical risks associated with the investment. Reviewed and critiqued: reserves report, information memoranda, Competent Person Reports and other information forming the technical basis for the loan.
|
| Project Financing - Kurdistan |
|
| Identified companies active in Kurdistan for a Group offering finance for E&P operations on the newly established licencing areas and under agreements established by the Kurdistan Regional Government. Went on to perform technical due dilligence on agreed financings; this consisted of independent reserves assements, field development planning reviews and independent budget and cost assessments. Also performed economic analysis and technical and economic risk assessment.
|
| Field Development Study Deep Water |
|
| Carried out a deep water field study for license area in the Middle East. The exploration prognosis was that outcomes could range from small to medium sized oil fields through to medium sized non-associated gas fields. Developed range of potential reserves and then established viable field development plans for each reserve size. Prospects were sited close to shore in 3,000m water depth; fully costed each development plan using Bayphase's cost estimating tool - NetCo$ter.
|
| Heavy Oil Field Assessment - Kazakhstan |
|
| Carried out an assessment for a potential investor of a large heavy oil field in Kazakhstan. Reviewed the production system and technology current applied to assess its efficiency comnpared to comparable international projects. Advised on the production and reserves gains that might be acheived through the application of new heavy oil technology including Steam Assisted Gravity Drainage,Cyclic Steam Stimulation and Vapour Extraction
|
| Project Financing Western Siberia |
|
| Provided technical support to a Bank assessing the risks associated with making a loan to a company developing an oil and gas field in Western Siberia. Reviewed reserves determinations, production data, development schedule and the risks associated with each of these to establish the Banking Case. Effectively a conservative view of the reserves associated with the field against which the loan could be collaterised.
|
| Deep Water Gas Project West Africa |
|
| Carried out pre-conceptual field development planning for a significant potential gas field offshore West Africa in water depths of 1000m. Developed a feasible concept for exploitation of the field and fully costed it for economic evaluations purposes.
|
| Competent Person Report - Central Africa Licenses |
|
| Contracted to develop a Competent Person Report for a number of licenses located in Central Africa. The report was developed to AIM format and formed part of an acquisition process conducted by a Johanesburg Stock Exchange listed company. A full geophysical and geological assessment was conducted along with a valuation of the licenses based on the agreed commercial terms.
|
| Gas Condensate Field Assessment - West Africa |
|
Contracted to assessed methods that could be used to recover associated liquids from a gas offtake stream currently being flared. Established optimum configuration for recovery scheme and performed cost assessment that formed the basis for economic evaluation.
|
| License Valuation - Albertine Basin |
|
Contracted to conduct an evaluaton of the potential reserves for a license area within the Congo's section of the Albertine Basin. Conducted the evaluation based on a regional geological assessment. Developed a valuation of the property. Went on to assist the client in establishing a Production Sharing Agreement for the license area with the host government.
|
| Equity Farm-out - Offshore Ghana |
|
| Contracted to farm-out part of the equity in a highly prospective block in Ghana. Performed a pre-sale evaluation on the block including a reserves evaluation and a valuation based on the Petroleum Agreement terms. Went on to prepare and run the technical data room, receive and analyse bids and to assist in negotiations with selected bidders. The Farm-out was successful concluded in March 2009, our client and the Farminee or now proceeding to carry out the work program for the block - for futher information contact us.
|
| License Valuation - Kazakhstan |
|
Contracted to conduct an evaluaton of fields and prospects for a license area within Kazakhstan for an investor condsidering farm-in options. Evaluated reserves potential within the block and the robustness of the owner's exploration, appraisal and development program. Provided an Independent Valuation of the the potential opportunity. Went on to conduct a full geophysical evaluation of the pre-salt strata associated with the property couple with an assessment of potential reserves.
|
| Due Diligence Offshore West Africa |
|
Conducted technical due diligence for a bank, which as part of a consortium, was providing finance to an operator developing a small offshore oil field. Issues covered included: minimum recoverable reserves verification,schedule risk, technical risk associated with the production system - wells and FPSO.
|
| Offshore West Africa Independent Assessment |
|
Conducted an INDEPENDENT assessment of a report used as the basis for receiving bank finance for development of a shallow water offshore field in west Africa. Critiqued the technical and cost statements in the report and developed a reserves assessment to Society of Petroleum Engineers standards based on available data.
|
| Deep Water Offshore West Africa |
|
Carried out a prospect evaluation for a number of prospects in water depths ranging from 500 through 1,500m offshore West Africa. The work focussed on establishing viable and cost effective development solutions for these unusually deep water prospects.
|
| Zelten/Nasser Field Evaluation |
|
Conducted an assessment designed assess the reserves associated with a potential redevelopment of this field in Libya. Scope included developing a full field description, a deterministic reserves assessment and a cost estimate for redevelopment of the field.
|
| UKCS Gas Fields - Development Plan |
|
Commissioned to prepare an outline field development plan for a number of gas fields in the UK southern basin. The scope included developing an offshore network of platforms, subsea well heads and pipe lines for a gas system with an overall carbon dioxide content of 2%. Also developed an outline plan for an onshore reception and treatment terminal. The end product a fully costed set of plans was delivered to the client.
|
| Screening Study Giant Sour Gas Fields |
|
Conducted detailed screening study for two very large,heavily sour gas fields (30% H2S and 10% CO2) to determine the optimum development configuration. Reviewed acid gas injection, desulphurisation,acid gas power generation and selective treatment options from a technical and economic standpoint. Selected the technical economic optimum as the basis for a Field Development Plan.
|
| Field Development Plan - Sour Gas Fields |
|
Developed a Field Development Plan for two large sour gas fields (30% Hydrogen Sulphide and 10% Carbon Dioxide)as part of a license bid submission. The plan utilised all aspects of Bayphase's INTEGRATED team approach and include seismic interpretation and mapping, geological model development,reservoir modelling, facilities and process engineering assessments, cost estimating and finally economic assessment. Work included a full reassessment of reserves both on a probabalistic and deterministic basis
|
| Independent Reserves Assessment Large Offshore Field |
|
Engaged to conduct a full field independent reserves assessment of a large offshore oil field formed of multiple sandstone reservoirs. The project was designed to check assessments made by international oil companies involved in its development. The project included interpreting the 3D seismic dataset, building a static geological model, developing probabalistic and deterministic assessments of oil in-place and developing outline field development plans.
|
| Reserves and Prospect Assessment - Iraq |
|
Developed an inventory of all know fields and prospects in Iraq. For know fields assessed current reserves and their potential upside through additional exploration whether they were currently producing or not. Conducted the work on a basin by basin basis assessing the Mesopotamian, Zagros Fold Belt and Western Desert area individually. Also conducted assessments of existing infrastructure and field facilities. Provided the client with a prospectivity assessment tailored to his requirements that allowed him to develop a country entry and exploration strategy.
|
| Prospect Assessment Offshore License |
|
Contracted to complete an independent reserves assessment of 10 major prospects in an offshore license area amounting to 6 Billion bbls of reserves. The project included interpreting the 3D seismic dataset, developing static geological models, reservoir models and field development plans that formed the basis for valuation.
|
| License Dispute - Russia |
|
Developed a Petroleum Expert Witness report and acted as an expert witness during arbitration proceeding with respect to a disputed unitisation claim affecting two adjacent licenses onshore western Siberia. The transaction occurred some 8 years ago. Required to make a retrospective assessment of reserves as the basis for testing the compensation claim of one of the parties to the dispute.
|
| Independent Reserves Assessment - Heavy Oil Prospect |
|
Developed a reserves assessment, based on 2D seismic data and regional field data for a potentially 22-26ºAPI offshore, shallow water prospect. Also carried out a field development planning assessment that included establishing cost for all phases exploitation of the potential field including exploration, appraisal, development, operations and abandonment.
|
| Onshore Azerbaijan Field Dispute. |
|
Developed a petroleum expert witness report with respect to a dispute over two medium sized onshore oil fields, developed in soviet times but taken over by western investors. The report included an independent assessment of reserves, production profile and levels of investment required to develop the fields to their full potential. The assessment was based on a detailed review of production and other data gathered in Soviet times up to the present day.
|
| Acquisition Support FSU |
|
Provided support to an operator interested in making acquisitions in the FSU the work included conducting basin studies, identification and assessment of prospective targets. Assessments generally included generating of reserves assessments and outline development plans in order to test the economic viability of a given acquisition target.
|
| Production Failure Investigation |
|
Conducted a detailed investigation in to a number of failures that impacted production from a significant producing field. Developed a petoleum expert witness report on the failures establishing the technical reasons for the fasilures. Established an assessment of costs and production losses that was used to establish the basis for a compensation claim. Prepared technical portion of a statement of claim for an arbitration.
|
| Offshore Morrocco Heavy Oil |
|
Developed a preliminary field development plan a heavy oil accummulation offshore Morrocco at 80m water depth. The assessment considered production methods appropriate for this remote site and for a recoverable reserve of between 25 and 45 million bbls. The scheme also considered export options for the crude. A capital and operating cost estimate and schedule was developed which was used to assess the economic attractiveness of the opportunity.
|
| Technical Expert Witness Report - Canada |
|
Developed a technical expert witness report designed to establish the suitablity of a production vessel, originally designed for use in the UKCS, for Canadian waters. The brief was to establish if there where insurmontable technical difficulties in deploying a vessel, originally designed for the severe weather conditions of the North Sea, in the ice-infested and potentailly frozen waters offshore Newfoundland. The conclusion of the report was the whislt all technical difficulties could be overcome the cost impact of making the canges to the particular vessels would be severe.
|
| Offshore Sour Oil Field - Libya |
|
Developed a preliminary field assessment for an offshore prospect in Libya. The accummulation was thought to potentailly contain around 70 million bbls of oil but was potentially sour - upto 2% hydrogen sulphide. The assessment considered a number of methods to develop the field focussing particularly on the possible means of handling the highly sour associated gas which was expected to be produced. A number of capital and operating cost estimates and schedules were developed to assess the economic attractiveness of the opportunity.
|
| Petroleum Expert Witness Report - Heavy Oil Field |
|
Developed a petroleum expert witness report for an onshore heavy oil field. The report assessed reserves, likely production rates and surface facilities required for this shallow depth development. A notable feature of the work was a cosideration of the need to deploy steam injection to produce the field to achieve resonable recoveries. The assessment was used by the expert witness for the defence under a claim pursued under UNCITRAL rules at the Arbitration Institute of the Stockholm Chamber of Commerce.
|
| UKCS Heavy Oil Development |
|
Implemented a study considering the application of heavy oil extraction techniques developed in the UKCS to a giant field prospect situated. The study focussed on the latest techniques being adopted by operators in the North Sea for the development of heavy oil fields. The study's main focus was production - well design, transportation - use of oil water emulsions particularly - and productions - primarily oil separation and treatment. This work included assessing the economic benefit that would result through applying these techniques to a giant field containing oil of 20-22 API.
|
| Privatisation - Regional Oil Company |
|
Acted as technical and commerial advisor during the sale of 30% of a regional oil company in the Former Soviet Union. The units asset base included 1.25 billion barrels of proven reserves, upstream production plant, a refinery and oil transporation networks. Prepared sales documentation for the asset, sought out buyers and ultimately arranged disposal of the equity.
|
| Field Development Plan Gas Condensate Field |
|
Developed a deterministic reserves assessment and field development plan for a large gas condensate field. The assessment included developing a subsurface and surface facilities plan from a series of complex reservoirs. Made an evaluation of appraisal, development and operating expenditures for economic assessment.
|
| Type II Estimate - Major Gas Development |
|
Developed a Type II cost estimate for a major offshore gas development in the Middle East along with its associated onshore gas processing system. The development was set to produce and process 2,400 MMscfd of raw gas to produce methane for regional consumers and ethane, butane, propane and condensate as separate commodities for export and for use in nearby petrochemical facilities. The estimate was used commisioned by a partner to verify estimates developed by the project operator.
|
| Licensing Seminar - National Oil Company |
|
Developed and presented a seminar on prospect evaluation, lcensing and local industry involvement for a West African NOC. The seminar was designed to show the companies personnel how geophysical analysis and prospect evaluation could be used to assist in the licensing process. A key feature of the seminar was the development of strategies to engage local oil companies and oil industry supplies in the license exploitation process to allow the country to benefit as much as possible from oil industry activities conducted on its soil.
|
| Outline Field Development - Onshore Angola |
|
Developed an outline field development plan for a prospective onshore oil accummulation in southern Angola, in assumed swamp conditions. The assessment considered production methods appropriate for this remote site and for a recoverable reserve of between 25 and 45 million bbls. The scheme also considered exploration abd appraisal drilling options for the prospet. A capital and operating cost estimate and schedule was developed which was used to assess the economic attractiveness of the opportunity.
|
| 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.
|
| Market Assessment - Algeria |
|
Conducted an assessment of all know major oil and gas developments in Algeria designed to assess the investment value associated with each and the timing of the associated expenditure. The work was conducted for a government body charged with assessing international markets for its oil and gas manufacturing and services sector.
|
| 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.
|
| 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.
|
| Project Implementation Plans - UKCS |
|
Evaluated project implementation plans for 3 Offshore UKCS fields, 2 in the Central Graben and 1 in the Southern Basin. This was done on behalf of a partner in the fields. Our brief was to assess whether the plans were practical and to also assess the degree of risk associated with each schedule. The risk assessed was that of potential delay in acheiving first oil or gas.
|
| Generic Study - UKCS Gas |
|
Conducted a generic study designed to establish economic minimum recoverable reserves for stand-alone and tie-back developments in the Southern basin of the UKCS. The study considered a range of gas reserves from 10bscf through to 150bscf. It also considered a range of production methods including subsea wells and tie-backs, not-normally manned platforms and a range of full production facilities including comprssion for later life exploitation.
|
| Type IV Cost Estimate - Ultra Deep Offshore Prospect |
|
Developed a Type IV cost estimate for an ultra deep water oil prospect offshore Sierra Leone.he assessment considered production methods appropriate for this remote and ultradeep water site - 1,800m - and for a recoverable reserve of between 250 and 750 million bbls. The scheme also considered exploration abd appraisal drilling options for the prospet. A capital and operating cost estimate and schedule was developed which was used to assess the economic attractiveness of the opportunity.
|
| Reserves Evaluation Dawes Island |
|
| Conducted a technical reserves evaluation on this field which was due to be licensed as part of Nigeria's marginal field round. Analysed available 2D seismic and well data to develop a deterministic reserves estimate. Also generated outline field development plan and valued the field. Went on to submit formal bid to receive the license to the the Nigerian government on behalf of the client.
|
| Master Plan Giant Offshore Fields |
|
Assisted the Client in developing a master plan for two giant offshore fields. Work included establishing a full inventory of all existing surface facilities, planning future additions and expansion and developing budgets. The plan considered multiple time frames for development of the fields short term (1-2years), medium term (3-5 years) and Long Term (5-35years). Established a field master planning system designed to be executed annually to give senior management a coherent view of the fields' future.
|
|
|
 |
