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Audit, assessment and evaluation
Understanding the scale and quality of the resources in an asset is fundamental to assessing its value. Reserves and resources reporting is an essential part of understanding the underlying value of resource companies.
Annual reserves and resources reports are a requirement for companies listed publicly (on the ASX, SGX, TSE, LSE and others) and investors rely on the independent audit and evaluation in these reports for confirmation of company value and share price. Oil and gas reserves and resources estimations are complex, requiring several different professions to combine their skills and experience to determine a likely recoverable range. Our experts have years of experience in regulatory reporting and our reputation as a world class independent advisor gives stakeholders confidence in our assessments and reports.
Reserves and resources certification
RISC certifies reserves and resources and carries out independent assessment of assets to SPE-PRMS, SEC, COGE (NI-51-01) and other standards for both conventional and unconventional resources.
Reserves and resources audits
RISC also carries out audits of operator and in-house reserves and resources assessments to confirm they comply with the relevant standards (SPE-PRMS, SEC, COGE (NI-51-01) etc.).
RISC is also active in helping our clients understand how the techniques and approaches used in the Petroleum Resource Management System (PRMS) can be adopted and modified for use with CCUS (SRMS) and Natural Hydrogen resources.
Case study
An Australian independent oil and gas producer with Canadian and Australian stakeholders requested RISC to prepare an annual reserves…
Key people
Bill Billingsley
Bill has over 30 years of international experience covering SE Asia and Northern Europe. His deep understanding of the industry allows him to deliver exceptional upstream insights. Bill is a Qualified Reserves Auditor under PRMS requirements, and meets the AIM listing rules as a Competent Person for the purpose of preparing Competent Person’s Reports (CPR).
Adam Borushek
Adam has over 25 years of experience in the energy industry. He specialises in asset acquisition, development, management and public reporting. Adam Borushek is a Qualified Reserves Auditor under PRMS and COGEH requirements, and meets the AIM listing rules as a Competent Person for the purpose of preparing Competent Person’s Reports (CPR).