Oil and Gas ConsultancyOil and Gas Consultancy
Here are examples of some of the projects we have implemented across Russia and the rest of the Former Soviet Union(FSU):
Carried out an opportunity screening for a number of global exploration assets considered for investment by the company. A quick look assessment of the prospectivity of each asset was conducted. The assets where then ranked by their chance of success and likely resultant reserves should exploration be successful.
The top four assets where then ranked in detail: seismic assessments were conducted using the Kingdom Suite; exploration plans were drawn up; chance of success was assessed; likely resultant reserves were determined; cost of exploration, appraisal, development, operation and abandoning the reserves was assessed and an economic ranking of the assets was developed.
Recommendations for the future exploration program were developed for each asset were developed.
Acted as Independent Consultant during the Client’s development of financing solutions to fund future operations. During execution of the work performed a number of services:
Assisted the Client in marketing the project to a number of potential farminees and loan providers.
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 a reserves verification for this gas condensate field located in Russia in accordance with the PRMS standard and based on reserves reports submitted by other consultants. Also prepared bank case production profiles which were used in valuing the property for financing purposes. Reviewed and critiqued: reserves report, information memoranda, Competent Person Reports and other information forming the technical basis for the loan.
Developed independent deterministic and probabilistic reserves assessments for these prospects in accordance with the PRMS standard. These prospects are significant clastic structures in Kazakhstan sector of the Caspian Sea.Developed fully integrated geological and reservoir simulation models for the prospects – 6 in total. The work included full assessment and interpretation of an extensive 3D seismic data set shot over a license area , development of a static geological model and a dynamic reservoir model. Carried our modelling to determine optimum production configuration for the prospects through consideration of water injection and gas injection schemes. Also carried out conceptual field development planning to determine the associated surface production scheme.
Prepared resource certification statements in accordance the PRMS standard and in accordance with regulations set down by Kazakhstan’s State Reserves Committee.
Developed an independent probabilistic reserves assessment for this field in western Siberia (Russia) in accordance with the PRMS standard. Also prepared bank case production profiles which were used in valuing the property for financing purposes.
Around 4 years after our first assessment on this giant onshore carbonate field in Kazakhstan and following the implementation of further exploration activities including shooting of an extensive 3D data set and drilling of Deep wells carried out an independent deterministic and probabilistic reserves redetermination.Developed a fully integrated geological and reservoir simulation model for the field. The work included full assessment and interpretation of a 3D seismic data set, development of a static geological model and a dynamic reservoir model. Carried out modelling to determine optimum configuration for a gas re-injection scheme. Also carried out conceptual field development planning to determine the associated surface production scheme.
Special features considered included: fracture modelling and prediction to determine potential contribution to reserves; interpretation of well logs from deep well drilling to the basement of the field.Prepared reserves certification statements in accordance the PRMS standard and in accordance with regulations set down by Kazakhstan’s State Reserves Committee.
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.
Around 3 years after our first assessment on this field and following the implementation of further exploration activities including shooting of an extensive 3D data set and drilling of deep wells carried out an independent deterministic and probabilistic reserves redetermination for this offshore Giant Carbonate field in Kazkahstan.Developed a fully integrated geological and reservoir simulation model for the field. The work included full assessment and interpretation of a 3D seismic data set, development of a static geological model and a dynamic reservoir model. Carried our modelling to determine optimum configuration for a gas re-injection scheme. Also carried out conceptual field development planning to determine the associated surface production scheme.
Special features considered included: fracture modelling and prediction to determine potential contribution to reserves; interpretation of well logs from deep well drilling to the field’s basement.Prepared reserves certification statements in accordance the PRMS standard and in accordance with regulations set down by Kazakhstan’s State Reserves Committee.
Developed independent probabilistic reserves assessment for this field in the Caspian Sea in accordance with the PRMS standard. This field is a very large post-salt clastic structure with multiple and varying production horizons.Developed a fully integrated geological and reservoir simulation model for the field. The work included full assessment and interpretation of a 3D seismic data set, development of a static geological model and a dynamic reservoir model. Carried our modelling to determine optimum configuration through consideration of water injection support and gas re-injection alternatives. Also carried out conceptual field development planning to determine the associated surface production scheme.
Special features considered included correct modelling of multiple production layers and sand qualities.Prepared a reserves certification statement in accordance the PRMS standard. Also prepared a reserves statement in accordance with regulations set down by Kazakhstan’s State Reserves Committee.
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. As pert of the work made a retrospective assessment of reserves as the basis for testing the compensation claim of one of the parties to the dispute.
Developed independent deterministic and probabilistic reserves assessments for this field in accordance with the PRMS standard. This field is a super giant carbonate structure that is significantly overpressured.
Developed integrated geological and reservoir simulation model for the field. The work included full assessment and interpretation of a 2D seismic data set, development of a static geological model and a dynamic reservoir model. Carried our modelling to determine optimum configuration for a gas re-injection scheme. Also carried out conceptual field development planning to determine the associated surface production scheme.
Special features considered included: fracture modelling and prediction to determine potential contribution to reserves; technical feasibility of sour gas injection in a significantly overpressured reservoir
Prepared reserves certification statements in accordance the PRMS standard and in accordance with regulations set down by Kazakhstan’s State Reserves Committee.
Developed a petroleum expert witness report as part of a dispute centred on conflicting claims over production practices adopted and schedule delays associated with a redevelopment of these fields in Azerbaijan.
These 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 time of the dispute.
Carried out a review of a major revision to the plan to develop a giant onshore gas condensate field development plan to assess:
Developed a field development plan for this field in Kazakhstan which contained heavy very viscous oil. The reservoirs associated with the field are shallow lying and are primarily shallow marine sandstones.
This included a geological, and reservoir engineering assessment to determine the optimum production method and the producible reserves associated with the field. Fully developed a field development plan for a scheme utilising steam injection on a 5 spot pattern to produce the field.
As part of the work developed a reservoir model and a full subsurface and surface development plan, generated development and operating costs using our NETCO$TER cost Evaluation Software also carried out a valuation.
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.
Developed independent deterministic and probabilistic reserves assessments for this large gas condensate discovery in Kazakhstan’s sector of the Caspian Sea; the probabilistic assessment was developed in accordance with the PRMS standard. Also prepared outline field development plan and made an evaluation of appraisal, development and operating expenditures for an economic assessment .
Carried out an assessment of each of Kazakhstan’s Sedimentary Basins to establish hydrocarbon reserves and resource inventories for all fields and identified prospects in these basins. The study was based on data collected from producing fields, regional seismic assessments, and regional geological studies.
The basins covered by the study included: Pre-Caspian, Ust-Urt, Mangyshlak, Turgai, Chu-Sarysu, Syr-Darya, Balkhash, Alakol, Eilliski, Teniz, Zaisan
Developed independent deterministic and probabilistic reserves assessments for this giant field in Kazakhstan accordance with the PRMS standard. This field is a super giant carbonate structure that is significantly overpressured
Developed a fully integrated geological and reservoir simulation model for the field. The work included full assessment and interpretation of a 2D seismic data set, development of a static geological model and a dynamic reservoir model. Carried our modelling to determine optimum configuration for a gas re-injection scheme. Also carried out conceptual field development planning to determine the associated surface production scheme.
Special features considered included: fracture modelling and prediction to determine potential contribution to reserves; analysis of Soviet era well tests, well logs and seismic data
Prepared reserves certification statements in accordance the PRMS standard and in accordance with regulations set down by Kazakhstan’s State Reserves Committee.
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