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.

Because of our heritage as an independent technical services consultancy, we have a rigorous and data-led approach to all economics projects.  We are able to identify and integrate the critical technical and commercial parameters in order to present focused and accurate business solutions at Board level.

Our petroleum economics services include:

  • Economic modelling and forecasting
  • Economic risk assessment
  • Financial cash-flow modelling
  • Portfolio reviews
  • Risk & Uncertainty analysis
  • End of Life field planning
  • Economic modelling and forecasting
  • Net Present Value (NPV) discounted cash flow for Competent Persons Reporting (CPR)

We offer a flexible approach for the delivery of our Petroleum Economics expertise including:

  • Fully costed project work
  • Competent Person’s report
  • Training and knowledge transfer
  • Secondment of petroleum economics consultant

OPC is recognised as a ‘Competent Person’ by the London Stock Exchange and the New York Securities and Exchange Commission (SEC) 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. OPC executes audits in respect of statutory and fiscal reporting, stock market flotation’s and for an independent evaluation of assets and projects.

Here are selected examples of recent petroleum economics projects undertaken by OPC:

ressimwp522Offshore Africa – OPC performed a review of the reserves and development plan for a Gas Field, offshore Africa and developed a range of outcomes for project economics and planning support.

  • Reserves estimation, economics and presentation to shareholders and potential investors in both London and New York for a very large Russian oil and gas company
  • Independent reserves estimates and asset evaluation of field in Kazakhstan and economic evaluation of the reserves/resources range of the local operation company.