Overview
Independent, auditable, SPE-PRMS compliant.
Independent reserves and resources evaluation for operators, investors, lenders and regulators. All work is delivered in accordance with the SPE Petroleum Resources Management System (SPE-PRMS), with transparent inputs, deterministic and probabilistic methods, and full uncertainty quantification, built to withstand scrutiny from auditors, banks and stock-exchange regulators.
- Volumetric estimationDeterministic and Monte-Carlo volumetric estimation of in-place (STOIIP / GIIP) and recoverable hydrocarbons at field, asset and portfolio scales.
- Reserves classification1P / 2P / 3P proved, probable and possible reserves classification under SPE-PRMS, with full backup documentation.
- Contingent resources assessment1C / 2C / 3C contingent resource assessment for discovered but currently sub-commercial volumes, including assessment of commerciality conditions.
- Prospective resources assessmentLow / Best / High prospective resource estimates for undiscovered volumes, supporting exploration portfolio decisions.
- Production forecastingDecline-curve analysis, analogue-based forecasting and material-balance methods to underpin recovery and rate predictions.
- Economic evaluationAfter-tax NPV, IRR and EMV calculations across multiple price scenarios, integrating CAPEX, OPEX and fiscal terms.
- Competent Person’s Reports (CPRs)Independent third-party CPRs for IPOs, fund-raises, AIM admissions, reserves audits and lender reviews.
- Reserves audit & second opinionIndependent review and audit of operator-prepared reserves estimates, identifying methodology gaps and recommending fixes.
- Uncertainty & sensitivity analysisTornado plots, Monte-Carlo simulation and parameter sensitivity analysis to communicate range and key drivers.
- Field development planning supportSubsurface input to FDPs, including drainage strategy, well-count optimisation and recovery-factor justification.
- Acquisition & divestment screeningRapid independent screening of acquisition or divestment opportunities, with risked NAV estimates.
- Regulatory & reporting complianceReserves disclosures aligned with SEC, NI 51-101, AIM and other regulatory frameworks as required.
Tools & Platforms