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Case Studies

Chinese Petroleum Corporation: Shell Prelude FLNG Equity Participation

Background

  • Shell Prelude project, Browse Basin, Western Australia
  • 3.6mtpa floating LNG
  • 7 wells, 700mmscfd production
  • LPG, condensate and LNG sales products

 

Our Scope

  • Fair market Value assessment for the equity stake in project
  • Provide independent assessment of reserves
  • Provide assessment of CAPEX, OPEX, DRILLEX and ABEX
  • Review project schedule and verify
  • Conduct risk assessment and value at risk
  • Develop post tax economic model & conduct sensitivity analysis

 

Partner

  • SGS Horizon

 

 

Pemex: FPSO Cost Estimation

Background

  • Mexican national oil company Petroleos Mexicanos (PEMEX) was
    tendering for two new floating production storage and offloading
    (FPSO) unites; FPSO Ayatsil-Tekel and FPSO EWT. Both
    FPSO's will be used to produce oil from the Ayatsil and
    Tekel fields in the Campeche Oriente polygon; located in the
    Gulf of Mexico at about 121m water depth and 130km north west
    of Ciudad del Carmen, Campeche.

 

Our Scope

  • Provide detailed cost  and schedule estimates for each FPSO based on BOD
  • Third party review and evaluation of a total of 7 bids recieved from FPSO suppliers for both FPSOs
  • Develop OPEX for each vessel on location
  • Provide a residual value for the Ayatsil-Tekel FPSO after 15 years
  • provide a residual value for the EWT FPSO after 10 years

 

 

White Rose - Facilities Concepts and Cost Estimating

Background

  • Potential farm in to exploration prospect, 150km offshore Angola. water depth 1550m

 

Our Scope

  • Define facilities concept and cost estimates for potential FPSO development
  • High level estimates of: CAPEX, OPEX, DRILLEX, ABEX
  • Estimates carried out for a range of different recoverable resources
  • Input into clients economic evaluation and assessments

 

OUR CLIENTS INCLUDE...