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.

Performed reserves determinations and valued a number of offshore West Africa oil and gas properties for a Fund Equity Fund Prospectus. Determined fund price strategy based on fixed internal rate of return criteria.

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.

Carried out a Reserves and Resources Audit in accordance with the PRMS system for an offshore license block in Nigeria. Established reserves, contingent and prospective resources through analysing seismic and well data. Work included verication of seismic interpretation and a probabalistic assessment of reserves. The audit formed the basis for the Client's unitisation discussions with the operator of an adjacent block. The Client also used the report as part of his initial finance raising program.

Carried out a valuation of an offshore field in Nigeria. The field is one of the Marginal fields released by the Nigerian Government in 2003. This Independent Valuation was performed as part of a the process associated with securing a loan to fund field development.

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.

Provided economics support to an E&P company focused on establishing and adding to its portfolio of assets in Africa. Worked on a number of deals for the Client establishing economic models through the analysis of petroleum contracts. Providing assistance in establishing buyer valuations for a number of opportunities located both onshore and offshore. Developed buyer's valuations using discounted cashflow assessment and market valuation methodology.

Provided economics support to a small independent negotiating an offshore licensing agreement with a state in the Indian Ocean. Modelled the oil agreement commercial terms and tested a range of scenarios and potential terms whilst providing support during oil agreement finalisation and negotiation.

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.

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.

Contracted to conduct an assessment of seismic data available for a large offshore block. Assessed all available data, selected and supervised the reprocessing of key lines. Carried out new interpretation of reprocessed lines and other available data. Carried out review a prospectivity review of the license and assessed potential reserves.

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. 

Mandated to conduct a limited equity farm out for an onshore block in Nigeria. As part of the process conducted a full technical evaluation of the property, conducted a license valuation and carried out planning for an in-fill seismic data gathering project. The farm out was successfully completed in January 2008 - for further information Contact Us.

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.

Implemented an interpretation of a Regional 2D seismic survey offshore Liberia to determine prospectivity. Identified prospects and conducted a reserves assessment and exploration risking for this deep water area. The product of the work was used as part of a submission seeking finance for an exploration program.