Due diligence and transaction support

Reserves audits, competent person's reports

Due diligence and transaction support

OPC conducts reserves audits and competent persons reports to provide support and due diligence during asset transactions.

OPC is recognised as a ‘Competent Person’ by the London Stock Exchange (LSE),  the New York Securities and Exchange Commission (SEC) and the Toronto Stock Exchange (TSX) for hydrocarbon asset evaluation and therefore is qualified to produce Competent Person’s Reports (CPRs).

OPC has been conducting reserves audits and providing CPRs since 1995, reporting reserves and resources according to the Petroleum Resources Management System (PRMS) as sponsored by the SPE, AAPG, WPC and SPEE and according to the rules of the SEC, LSE and TSX.

OPC executes audits in respect of statutory and fiscal reporting, stock market flotation’s and for an independent evaluation of assets and projects.  OPC also execute and audit field development plans and carry out Independent Petroleum Engineers’ (IPE) reports as part of our services.

The benefits of using OPC to provide transaction support are significant:

  • We have more than 20 years’ experience and an established reputation for providing fast, accurate and effective service
  • We have a network of international offices enabling us to provide local in-country services in UK, Nigeria, USA, UAE, Qatar,  Kazakhstan, Egypt and Malaysia
  • We provide a fully integrated service, providing expertise within  geosciences, engineering and economics within one team/report

Our service can be used by any operator or asset investor, but is particularly advantageous to the smaller and independent operators who do not have significant in-house technical expertise.  We provide an independent expert view of the asset in question, giving our client a better understanding of its long term value and enabling them to make more informed investment decisions.

Through our alliance with Starcap Energy we can provide expert acquisition & divestiture advisory services to the oil and gas industry.  Starcap has many years of expertise in providing transaction consultancy support to a wide of organisations from listed international operators to small-caps and family offices. A significant portion of clients also comprise management teams, private equity and other investors focused on new opportunity generation.

Some recent due diligence projects

Prospect Screening
OPC’s independent assessment of the commerciality and chance of success of the prospect helped the client to decide on whether the prospect is a farm-in opportunity they should pursue. OPC’s...
Mature Asset Ownership Transition
OPC technical staff from multiple disciplines assisted an NOC to successfully transition the running of a mature offshore oilfield from the previous Operator.
Extensive reservoir study
OPC conducted an extensive reservoir study of a large field in West Africa in order to define and assess the remaining production opportunities in the field.
OPC was retained by a leading international bank to provide technical expertise into the annual re-determination of loan facilities for the bank’s clients who have multiple assets across Egypt and...
Independent Engineers’ Report
A multi-disciplinary team at OPC London office conducted a fast tracked independent review of a new discovery in UKCS to support the asset owner to generate investment interest. 
Producing oilfields re-development study
OPC deployed a multidisciplinary team of 11 people (with subsurface, facilities, drilling and economics expertise) to undertake an extensive 5-month re-development study for a group of oilfields in the Middle...
Reserves and production forecast audit
OPC performed a reserves review and production forecast audit for a Global Bank based in the Middle East for two separate oil and gas companies with assets in Egypt and Oman. 
CPR and technical due diligence reports
OPC reviewed the resources in two blocks in Africa and provided a Competent Persons Report (CPR) letter summarising the findings of its Due Diligence Reports and Reserves Audit. 
Technical due diligence & economic modelling
OPC was retained by an International Bank to perform a technical and operational audit of Middle East operator and develop an economic model based on the Petroleum Agreement that could...
Competent Persons Report
OPC generated a Competent Persons Report (CPR) for a block, onshore South America. The report formed part of documentation published to the stock market and assisted the asset owner to...
Technical due diligence & asset evaluation
OPC provided technical due diligence and evaluation of a potential asset purchase in the UKCS, including a review of a reservoir model, production data and development scenarios
Reserves and Development Plan Review
OPC performed a review of the reserves and development plan for a Gas Field, offshore Africa. The workscope included a reviewing of multiple static and dynamic models, petroleum economics and...
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