OPC conducts reserves audits and competent persons reports to provide support and due diligence during asset transactions.
OPC is recognised as a ‘Competent Person’ by the London Stock Exchange (LSE), the New York Securities and Exchange Commission (SEC) and the Toronto Stock Exchange (TSX) for hydrocarbon asset evaluation and therefore is qualified to produce Competent Person’s Reports (CPRs).
OPC has been conducting reserves audits and providing CPRs since 1995, reporting reserves and resources according to the Petroleum Resources Management System (PRMS) as sponsored by the SPE, AAPG, WPC and SPEE and according to the rules of the SEC, LSE and TSX.
OPC executes audits in respect of statutory and fiscal reporting, stock market flotation’s and for an independent evaluation of assets and projects. OPC also execute and audit field development plans and carry out Independent Petroleum Engineers’ (IPE) reports as part of our services.
The benefits of using OPC to provide transaction support are significant:
- We have more than 20 years’ experience and an established reputation for providing fast, accurate and effective service
- We have a network of international offices enabling us to provide local in-country services in UK, Nigeria, USA, UAE, Qatar, Kazakhstan, Egypt and Malaysia
- We provide a fully integrated service, providing expertise within geosciences, engineering and economics within one team/report
Our service can be used by any operator or asset investor, but is particularly advantageous to the smaller and independent operators who do not have significant in-house technical expertise. We provide an independent expert view of the asset in question, giving our client a better understanding of its long term value and enabling them to make more informed investment decisions.