Reserves and production forecast audit

Review of assets in Oman and Egypt for major bank

Project Completed

Reserves reviews and production forecast audits

OPC performed a reserves review and production forecast audit for a Global Bank based in the Middle East for two separate oil and gas companies with assets in Egypt and Oman. 

This project involved reviewing the operator’s most recent CPR, reserves reports and production forecasts utilising the bank’s preferred economic models.  A number of inaccuracies were identified in the operator’s reports and a more accurate forecast was provided to the bank, which was able to approve the investment decision as a result of the more accurate data we provided.

Summary

REGION:

Oman and Egypt
OFFICE:

OPC Dubai
TIME TO COMPLETE:

6 weeks

Disciplines utilised during project

Petrophysics

OPC provides a range of petrophysical interpretation services, from quick single well evaluations, to large scale multi-well studies, including the integration of log, core and geological data, and input into geological modelling.

Reservoir Engineering

OPC is one of the leading independent reservoir engineering consultants in the world providing services on a global basis to IOCs, NOCs and independent oil & gas businesses.

Reservoir engineering studies have included phase behaviour and equation of state modelling and production engineering.

Petroleum Economics

In order to offer a fully integrated service to our clients, OPC provides petroleum economics consultancy alongside our technical, geoscience and engineering services and on a stand-alone basis.

This enables us to advice clients on the economic and financial implications of the results of technical studies.

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