PROJECT SUMMARY - DUE DILIGENCE / FIELD DEVELOPMENT PLANNING

Procyon Oil & Gas have been involved in due diligence reviews and field development planning for a variety of Clients considering asset acquisition and expansion.

The scope of the services provided includes:

• Data extraction from Data Rooms/other
• Technical & Commercial data review
• Offshore & Onshore site inspection /reviews to assess if facilities are fit for purpose / extended operation and/or the need for reparations
• Preparation Site Survey Reports / Technical Audit Summary Reviews
• Interaction with sub-surface / reservoir teams to obtain future plans for well count, location and reservoir performance/profiles
• Preliminary equipment sizing, facilities definition and cost estimation (CAPEX & OPEX) for a number of development options
• Field Development Planning / Scheduling
• Cost spend scheduling
• Economic analysis
• Technical & commercial concept screening of potential field development options
• Concept selection
• Participation in client reviews and presentations
• Preparation of Summary Reports

Benefits:

The client’s are able to benefit from the advice with respect to the quality and longevity of existing facilities, together with required upgrade costs. The Clients can consider field development options and technical and commercial implications to assist them in making an informed judgement on the potential investment opportunity.