Case Studies

Gavin Ward and Dean Baker’s ‘East Irish Sea, Rhyl field’ paper published in the Geological Society of London

RISC’s Gavin Ward and Dean Baker’s ‘East Irish Sea, Rhyl field’ paper has been published in the Geological Society of London as part of the Petroleum Geology Conference Series. It discusses developing a new structural model by integrating basic geological principles with advanced seismic imaging in the Irish Sea. The paper has received praise for […]

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Red flag report and field evaluation

Overview A London based Private Equity company asked RISC’s London office to carry out an initial Red Flag report on the oil production from a field in South East Asia, which was being produced through a floating production, storage and offloading (FPSO) vessel, so that they could evaluate whether the production was secure enough for […]

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Multi-field acquisition due diligence

Overview In 2013 Murphy Malaysia sold a 30% interest in its 24 oil and gas fields offshore Sabah and Sarawak. Time available for conducting due diligence and submitting a bid is usually limited. RISC attended the data room and completed quality acquisition due diligence over a four-week period and provided to our client the independent […]

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Assisting the ASX to roll-out revised Listing Rules for petroleum companies

Overview In 2012 the ASX announced changes to the Listing Rules that would impact reporting by petroleum companies. The new Rules stipulated that all reporting should be compliant with the 2007 Society of Petroleum Engineers’ Petroleum Resource Management System (PRMS). As a recognised expert in reserves and resources evaluation and reporting, RISC was engaged by […]

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Reserves reporting to multiple reserves and resource evaluation and Bourse Standards

Overview An Australian independent oil and gas producer with Canadian and Australian stakeholders requested RISC to prepare an annual reserves and resources audit including Net Asset Valuation (NAV) for their fields. The report needed to be PRMS, SEC, ASX, NI 51-101 and COGE compliant and assist their management in Bourse annual filing statements. Challenge The […]

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Competent Person’s Report on North Sea assets for Premier Oil

Overview Premier Oil contracted RISC and DeGoyler & McNaughton to perform due diligence and each write a Competent Person’s Report (CPR) on the valuation of reserves and assessment of resources for the UK North Sea assets of German power and gas company E.On E & P UK Limited. RISC’s CPR included seven producing fields for […]

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LNG project execution performance

Overview A non-operating partner in a major LNG project sought an independent view of the Operators’ plans, performance and expected cost and schedule outcomes during the projects’ execution phase. Challenge The operator had made a number of changes to plans, and our client was concerned that the reporting of project progress and expected outcomes against […]

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LNG project due diligence

Overview An North Asian company asked us to conduct technical due diligence on a producing LNG project in South East Asia. Challenge Reservoir performance in the main producing field suggested some upside, however neither Operator or Seller had yet quantified this. The Operator was engaged in this work estimating six months to complete an update. […]

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Integrated study of an under-performing field

Overview A South American company asked us to conduct a subsurface and surface study of their East African field that was performing below their pre-production expectations. Challenge The operator discovered and developed the field without appraising it. The operator has a large equity and the JV partners did not contribute knowledge or challenge to the […]

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Peer assistance for Jakarta operating company

Overview Our client asked RISC to conduct a technical and commercial review of a PSC which they operate with 55% participating interest. The asset was under development with a Plan of Development (POD) for each of the separate oil and gas developments. The PSC was not moving forward due to marginal economics and the impact […]

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Latest News

FLNG still to lead a revolution

WITH a number of African floating LNG projects back on the agenda, many are wondering if FLNG will still have its day...

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Meet our latest team member – Ian Cockerill

We are very pleased to announce the appointment of Mr Ian Cockerill as our new Head of Geoscience Principal Advisor, based in...

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RISC UK team receives another great client testimonial from Head of Operations at Serica Energy

RISC recently provided an independent peer review for Serica Energy of the Doyle Prospect, East Irish Sea, in order to help inform...

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