Case Studies

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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Detailed full field modelling to assess opportunities

Overview Following production license expiry, our client acquired a mature, 220 well, 800 million barrel producing oil field with no interpreted data or models. RISC was asked to conduct detailed petrophysical, structural, geological and dynamic modelling from raw seismic and well data to quantify the future production and further development potential. Our approach RISC analysed […]

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Detailed seismic sequence stratigraphic evaluation – Vietnam

Overview RISC was asked to provide a detailed seismic sequence stratigraphic interpretation over several prospects identified by the client in their Vietnamese acreage. The comprehensive seismic sequence stratigraphic analysis defined the clastic and carbonate stratigraphy and the prospectivity potential of the target zones. This was then used to risk and rank the prospects for drilling […]

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New Zealand Expert Witness

Overview Our client was in dispute with a co-venturer over the value of an exploration permit in New Zealand containing an equivocally commercial gas condensate discovery. We were engaged as an Expert Witness to provide an independent view of value for an Arbitration Tribunal. Challenge A combination of paucity and indifferent quality and inconsistencies with […]

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Due diligence on the fly – China

Overview An international company asked us to revisit our technical due diligence on an oil  field acquisition opportunity offshore China, which was previously considered too small to be commercially viable.  Our client had access to additional data and technical work carried out by the operator, which increased the GRV making the asset viable. Challenge Our […]

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