Review of assets – North Africa

Six month update to reflect low oil price environment

Project Completed

OPC carried out a technical review of producing and developing fields in Egypt on behalf of a leading international bank.

This review focussed on updating production forecasts for the fields to support the bank’s re-determination of loan facilities given the low oil price environment. The review examined CAPEX & OPEC data provided by the Payer and providing verification of these inputs to the Client.

This project was a follow-on from work undertaken in 2019 and early 2020 when OPC performed a number of technical reviews on behalf of the bank. In the original project, a number of inaccuracies were identified in the operator’s reports and a more accurate forecast was provided to the bank, which was able to approve the investment decision as a result of the more accurate data we provided.

Summary

REGION:

Egypt
OFFICE:

OPC Dubai & London
TIME TO COMPLETE:

3 weeks

Disciplines utilised during project

Petrophysics

OPC provides a range of petrophysical interpretation services, from quick single well evaluations, to large scale multi-well studies, including the integration of log, core and geological data, and input into geological modelling.

Reservoir Engineering

OPC is one of the leading independent reservoir engineering consultants in the world providing services on a global basis to IOCs, NOCs and independent oil & gas businesses.

Reservoir engineering studies have included phase behaviour and equation of state modelling and production engineering.

Petroleum Economics

In order to offer a fully integrated service to our clients, OPC provides petroleum economics consultancy alongside our technical, geoscience and engineering services and on a stand-alone basis.

This enables us to advice clients on the economic and financial implications of the results of technical studies.

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