Technical due diligence & economic modelling

Middle East project for International Bank

Project Completed

Technical due diligence & economic modelling

OPC was retained by an International Bank to perform a technical and operational audit of Middle East operator and develop an economic model based on the Petroleum Agreement that could then be used with specific Bank Covenants.

The Technical Audit involved reviewing a previous annual reserves audit CPR and all reports and data used to prepare that CPR, and confirm that it had been prepared to SPE PRMS Guidelines and covered all points required by OPC’s Client.

The Operational review looked at HSE and operational issues, the competency of the Operator and any threats to the continuing production of the asset.

For the economic model OPC was requested to build an independent model that was then checked against existing Bank and Operator models.

Summary

REGION:

Middle East
OFFICE:

OPC Dubai and London
TIME TO COMPLETE:

5 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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