Reserves Determination and Valuation - Offshore License

We performed reserves determinations and valued two offshore oil fields associated with this license area, for a fund prospectus developed by the Client. The reserves determination was conducted to PRMS standards. The work also included the generating outline field development plans, developing cost estimates for development and operations and implementation schedules as the basis for the valuations. The valuation was then used to determine the price strategy for the prospectus based on fixed internal rate of return criteria. 

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