Field Resource Risk Assessment - Nigeria

We critically reviewed the technical data associated with this field to assess if resources were sufficient to justify quoted production rates. All aspects of the vendor’s subsurface evaluation were assessed including: data quality, seismic interpretation and the petrophysical, reservoir engineering and resource estimation. We developed independent P50 and P90 (low side) production forecasts for the property. A Field Development Plan review was conducted to confirm reasonableness of technical approach across a range of issues including flow assurance. The Client – a Contractor – had been offered a deal to be paid for installation services in production. The review was designed to confirm that in a worst case sufficient volumes would be available to pay for the installation services; in addition the Client wished to know the key technical risks associated with the project.

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