We evaluate oil and gas assets for acquisition, quantifying the reserves and resources and development options, including due diligences, competent person reports with recommendations for the acquisition or disposal. Historically we have evaluated assets for clients that had acquired oil fields in Colombia and United Kingdom onshore and offshore adding important fields to their portfolios. Our work is expedited with support of classical geosciences and engineering evaluation and Data Analytic tolls developed by partner companies O&G Analytics and Euler Energy :
- O&G Design-Pattern Cloud-Based END-to-END (O&GD Analytics) a scouting tool to screen and quickly access performance and potential of large amounts of wells, fields and historic production in oil and gas fields, of particular application in open rounds bidding processes.
- This tool allows building a fully customizable/scalable pipeline to prepare and refine an official publicly available dataset from mature Oil and Gas major fields and perform Visual Exploration and Quantitative Descriptive Analytics.
2 . Production Forecast Model (Euler Energy) a system that estimates the future production of an active oil field using an algorithm that adjusts the current production of the field used to determine the particular parameters of each well. These parameters allow in the first instance “to reproduce” the production of the wells, obtaining very low differences when comparing the real production with the forecast of the system. Subsequently, the Reserve Remaining Volume and a production forecast is calculated for specific economic criteria.
Merges and Acquisitions evaluations are expedited screening preliminary volumetric and production data, geologic reviews, reserves estimations, formulating alternative developments, and performing economics, risk and uncertainties, and due diligences.