Oil & Gas
Prospect Red Flag Review
Our client considered a potential farm-in to a licence block containing 6 prospects.
Problem:
ERCE was asked to review the available seismic and well data to identify any red flags associated with the prospects and independently estimate in place volumes and Prospective Resources.
Solution:
ERCE reviewed available documentation and data including seismic volumes, horizon and fault interpretations, and well data. ERCE provided an independent view on volumetrics by integrating our regional knowledge and technical databases. We made several recommendations that allowed our client to make informed decisions when considering a commercial transaction.
Benefit
ERCE has extensive experience in both technical studies and Reserves & Resource auditing. We draw upon our local and regional understanding as well as in house intellectual property to integrate datasets, adding value to your portfolio.