Due diligence and transaction support

Reserves audits, competent person's reports

Due diligence and transaction support

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.

Some recent due diligence projects

CPR and technical due diligence reports
OPC reviewed the resources in two blocks in Africa and provided a Competent Persons Report (CPR) letter summarising the findings of its Due Diligence Reports and Reserves Audit. 
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...
Competent Persons Report
OPC generated a Competent Persons Report (CPR) for a block, onshore South America. The report formed part of documentation published to the stock market and assisted the asset owner to...
Technical due diligence & asset evaluation
OPC provided technical due diligence and evaluation of a potential asset purchase in the UKCS, including a review of a reservoir model, production data and development scenarios
Reserves and Development Plan Review
OPC performed a review of the reserves and development plan for a Gas Field, offshore Africa. The workscope included a reviewing of multiple static and dynamic models, petroleum economics and...
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