Challenge
Our client was interested investing into a hydrocarbon asset. They requested our support to form an independent opinion, as they needed to better understand the costs, risks and challenges with the opportunity, as well as any long-term integrity concerns which could result in unexpected future expenditures.
Approach
Following confirmation of our client’s goals and objectives and timeline, we analysed the available data set to define initial areas of concern.
Considerations included:
- Technical objectives & development plans
- Risk & Opportunity
- Cost
- Contractor management
- Sellers capability & capacity
- Governance, control & assurance
- Asset Integrity
- HSE & regulatory compliance
Solutions
Additional data was requested enabling a profile of risk and opportunity and cost to be developed.
Models were developed to help formulate our opinion, which we were able to validate following a face-to-face meeting with the selling party.
Outcome
Independent opinion on the robustness of the plans of the seller to achieve their development objectives.
