But our strongest offering is innovation. We find solutions to unusual oil field development problems. Our oil development solutions always consider economics, feasibility, and timeliness.
Throughout its life cycle from exploration to abandonment, an oilfield requires the participation of many different specialists, working in teams, to make major investment and operating decisions. These decisions must be made under conditions where reservoir data is sparse and uncertainties exist not only about the costs and future performance of the asset, but also with respect to the future price and market demand for the produced oil and gas. Because of the risks, the complexities and the sheer magnitudes of the investments required to develop an oilfield, we divide the analysis and decisions into discrete, sequential stages using a disciplined project management process often referred to as a stage-gate process
There are five stages in this process:
Stage 1 is devoted to the Identification and Assessment of Opportunities. This is essentially the Exploration Process.
Stages 2 and 3 are the Development Planning stages, where many teams of specialists perform feasibility studies in order to define the optimal development plan for the field, including costs, schedule and project economics in order to obtain a Final Investment Decision
Stage 4, the Execution of the Development Plan, (essentially the Field Construction period) takes place.
Stage 5 is devoted to the long-term Management of Production Operations. At this stage, the objectives are to optimize production, improve efficiency and maximize the net present worth of the asset by often making additional investments to recover incremental reserves.
We provide assistance to the owners of Oil and Gas assets in order to help scope and appraise field development options. This service integrates the subsurface, engineering and commercial disciplines in order to provide clear recommendations for clients.
These recommendations are supported with analysis of the opportunities and risks associated with each appraisal and development option. Our multi- disciplinary team is able to analyze complex issues that arise in appraisals such as highest and best use, the evaluation of comparable sales, discounted cash flow, and regulatory influences. The result is a well-supported estimate of fair market value in a timely and cost-effective manner.
The Euro Knowledge Leadership Award is our highest recognition for individual achievement and is awarded annually. This award acknowledges and celebrates exemplary leaders that have made