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| Geophysics |
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We carry out geophysical assessments of license areas, prospects and fields in both onshore and offshore dispositions. Our geophysicists conduct purely geophysical assignments but more often they provide the first step in an INTEGRATED assessment of an asset; be that a license, prospect or field. Our inhouse geophysicists have on average 15 years experience gained mostly through working for oil companie in the major oil and gas provinces of the world.
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| Technology |
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Our primary tool for seismic analysis and interpretation is Seismic Micro Technology's Kingdom suite. Mapping of indentified structures is conducted through use of the Petrosys mapping software. Assessments are conducted on Dell Precision Workstations an printing support is provided through HP large format full colour printers.
Our personnel have experience of using Landmark software for seismic interpretation and this can be used if it is a client preference.
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| Project Experience |
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The projects below required geophysical input.
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| Competent Person Report - Central Africa Licenses |
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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.
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| Seismic Assessment - Offshore Ghana |
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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.
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| License Valuation - Albertine Basin |
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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.
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| Equity Farm-out - Offshore Ghana |
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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.
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| License Valuation - Kazakhstan |
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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.
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| Equity Farm-out Nigeria |
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Mandated to farm-out equity in an offshore license in Nigeria's shallow water Niger Delta. Prior to marketing the license conducted an appraisal of available seismic and well data to establish prospectivity of the license block. Prospectivity assessment included conducting a seimic interpretation and a geological assessment based on available data. The assessment of reserves potential assessment was conducted on a probabalistic basis.
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| Upgrade of Independent Reserves Assessment Giant Carbonate Field |
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Contracted to upgrade an earlier completed independent reserves assessment based on newly acquired seismic and well data. The project included interpreting the 3D seismic dataset, upgrading a static geological model and a reservoir model. The key achievement was the confirmation of additional reserve potential in the main structure.
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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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| Equity Sale - Onshore License Area Block |
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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.
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| Independent License Area Evaluation |
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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.
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| Prospect Assessment Offshore License |
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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.
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| License Dispute - Russia |
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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.
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| Independent Reserves Assessment Giant Carbonate Field |
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Completed a full field reserves assessment for a giant crabonate field. This provided an independent check of assessments conducted by international oil companies resonsible for its development. The project included interpreting the 3D seismic dataset, building a static geological model, a dynamic reservoir model, developing probabalistic and deterministic reserves assessments. The results were used as the basis for determining production bonus.
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| Independent Reserves Assessment - Heavy Oil Prospect |
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Developed a reserves assessment, based on 2D seismic data and regional field data for a potentially 22-26šAPI 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.
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| Licensing Seminar - National Oil Company |
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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.
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| Privatisation - National Oil Company |
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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.
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| Reserves Evaluation Dawes Island |
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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.
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| Seismic Interpretation - Liberia |
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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.
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