Various Expert Opinions at Each Stage
Beicip provides consultancy and advisory services in Reserves Evaluation, Certification, Unitization and various expert opinions at each stage of the E&P process (exploration, appraisal, development, production) and for diversified assets portfolios (new, mature or redeveloped fields, prospects, plays & leads).
Our clients include international oil companies, national oil companies, governments, financial institutions and banks.
Our Solutions
Exploration
Field Development
Reserves Evaluation, Certification & Unitization
Unconventional Resources
From Exploration to Production – Assets Evaluation / Expert Opinion – Know-how, Experience, Services
Beicip-Franlab offers assistance with the following activities:
- Assistance and participation in data room
- Assistance for farm-in, farm-out
- Assistance for reserves & resources evaluation and valuation (after fiscal modeling & economic simulation)
- Resources & reserves audit – certification
- Expert opinion:
- Unitization and/or arbitration – Competent person
- Due diligence
- Assistance during negotiations (for instance partners or banks)
- Assistance to optimize the asset portfolio
- Organization of workshops in Beicip-Franlab offices at the end of studies
Guidelines and classifications used
Our work can be performed following several guidelines and classifications such as:
- Worldwide: Petroleum Resources Management System (PRMS)
- United Kingdom: FSA Handbook, AIM Rules
- U.S.A: Stock Exchange Committee (SEC)/ Code of Federal Regulations
- Canada: Canadian Oil and Gas Evaluation Handbook (COGEH)
- Norway: Guidelines to Classification of the Petroleum Resources on the Norwegian Continental shelf
- Russia: Russian Classification
Typical Work Proposed
- Evaluate OOIP/OGIP
- Assess plays, leads & prospects and associated risks
- Estimate exploration success probabilities
- Prospective contingent resources and reserves evaluation / valuation
- Prospects ranking
- Deterministic or stochastic approach
- Decision tree analysis
- Review and analyze the conceptual/preliminary/approved development plan
- Analogy / statistical, volumetric & performance analysis
- (DCA, material balance, numerical simulation) for recovery factor
- Field analysis: new field / mature field / redeveloped field (e.g. EOR screening & evaluation methods)
- Capex / Opex estimation
- Economic evaluation (fiscal & contract modeling)
Some selected references
Colombia
- Client: Mid-size company
- Service: Reserve evaluation & valuation
- Assets: Producing fields (10 fields)
- Output: Successful acquisition on Beicip-Franlab recommendations
Algeria
- Client: Gulf investor
- Service: Resource evaluation & reserve valuation
- Assets: Producing fields & prospects
- Output: Not acquired
Yemen
- Client: Mid-size company
- Service: Resource evaluation & reserve valuation
- Assets: Producing field
- Output: Block farm-in
Cameroon
- Client: Mid-size company + International Bank
- Service: Assistance in the economic evaluation
- Assets: Producing fields
- Output: Not acquired
Gabon
- Client: INDIAN oil company
- Service: Resource evaluation
- Assets: Prospects ranking
- Output: Drilling decision
Training
Beicip-Franlab Asia
Suite 18-16, G-Tower 199 Jalan Tun Razak 50400 Kuala Lumpur, Malaysia
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