We Implemented a technical and economic assessment of an offshore license in Angola that contains significant oil and gas reserves. The work was implemented as part of our Client’s process to acquire a minority interest. We implemented a detailed assessment of the technical basis for the field development plans associated with the property, verified their technical feasibility, development costs, operating costs and schedule. We developed an economic model based on the license commercial terms and prepared a valuation of the property.
We carried out assessments on these key acquisition issues: the technical and commercial risks associated with the development plan, conformance of the development plan with Good International Petroleum Industry Practice; economic gains that could be made from upsides including: alternative field development solutions and exploration of the license area’s pre-salt potential.