Reserves and Resources Estimation/Audit

• Expert evaluation of recoverable reserves in view of modern enhanced oil recovery methods.
• Estimation of reserves by various methods including performance-, volumetrics- and analogy-based methods.
• Estimation of resources by various methods including probabilistic and deterministic methods.
• Field geologic simulation (correlation of horizons, stratigraphic analysis of pay zones, identification of reserves estimate targets).

M&A Support

• Data room, expert review
• Due diligence
• Exploration, operation, and field development assessment
• Fair market value
• Reserves and resources evaluation

Exploration and Development Support

• Reserves and resources database evaluation; identification of missing data required to estimate reserves (resources) of an asset
• Development of recommendations on the best ways to acquire missing data on the subsurface
• Integration of input data, preparation of submittals for governmental reserves expert panels, representation of subsurface users in governmental expert organizations
• Evaluation of current (implemented) production method efficiency
• Analysis of development project status, comparison of planned and actual performance, identification of reasons for differences between previous and current projects
• Assessment of adaptation of basic performance indicators to previous production period

Due diligence and data rooms

• Integration of data and setup of data room
• Development of data room instructions
• Technical consulting support and data room maintenance
• Work in data rooms, overview summary, reports
• Verification of design, technical and financial documentation

Monitoring system for asset investment attractiveness

• Creating and maintaining assets (including historic development data)
• Annual assessment of investment attractiveness of assets.
• Sensitivity runs

Support to regulatory authorities in improving subsoil use regulatory base

• Participation in drafting new Russian hydrocarbon definitions
• Testing new Russian definitions
• Participation in governmental reserves expert panels
• Representation of subsurface users in governmental expert organizations
• Information support on best western practices:
  – Workshops
  – International visits (Norway, Canada)
• Creating a venue for a dialogue between subsoil users and regulatory officials (round tables at the Asset Evaluation Center at the High School of Economics

Expert Witness and Arbitration

• Expert reviews
• Expert witness testimony before courts
• Participation in the arbitration proceedings