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Field Development & Planning |
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Our field development planning work tends to require the deployment of our full INTEGRATED team and covers all activities required in the development of a field. In essence through conducting our geophysical, geological, reservoir, facilities and economic assessments we seek to produce the optimum plan for production of a given field. The level of work required in such an assessment varies ranging from outline to the development of detailed plans for submission to government bodies for consideration. Below are details of the consulting work carried out in this area.
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| Deep Water License Assessment - West Africa |
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| 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.
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| Field Development Financing - Norway |
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| 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.
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| Early Gas Utilisation Study - Sudan |
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| 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.
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| Worldwide Mega-project Analysis |
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| 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
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| Asset Acquisition - Kazakhstan |
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| 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.
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| Loan Facility Evaluation - Ivory Coast |
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| Carried out a technical evaluation of a deep water turbidite field being used as collateral for a loan facility. Assessed reserves and production risks associated with the field. Focussed on assessing potential well failure sand ingress in screened and gravel packed wells.
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| Reserves/FDP - Baltic Sea |
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| 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.
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| Field Evaluation - Tunisia |
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| 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.
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| FDP Study - Oman |
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| 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
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| Reserves and FDP Assessment - Nigeria |
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| 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.
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| Project Re-financing - North Sea |
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| 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.
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| Project Financing - Russia |
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| 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.
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| Project Financing - Kurdistan |
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| 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.
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| Heavy Oil Field Assessment - Kazakhstan |
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| 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
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| Project Financing Western Siberia |
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| 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.
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| Gas Condensate Field Assessment - West Africa |
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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.
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| UKCS Gas Fields - Development Plan |
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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.
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| Screening Study Giant Sour Gas Fields |
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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.
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| Field Development Plan - Sour Gas Fields |
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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
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| Independent Reserves Assessment Large Offshore Field |
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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.
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| Offshore Morrocco Heavy Oil |
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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.
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| UKCS Heavy Oil Development |
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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.
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| Field Development Plan Gas Condensate Field |
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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.
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| Type II Estimate - Major Gas Development |
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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.
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| Abandonment Cost - Offshore Platform |
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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.
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| Viability Assessment Major Pipe Line |
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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.
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| Project Implementation Plans - UKCS |
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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.
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| Master Plan Giant Offshore Fields |
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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.
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