GCA has a long track-record of projects in Russia and includes numerous Russian-speaking staff.
In 2016 there is significant appetite amongst Russian E&P companies to purchase additional core assets. Similarly, the sale of non-core and low profit assets are seen as critical to portfolio management for 25% of Russian companies.
GCA has a wealth of experience in Mergers and Acquisition due diligence in Russia for a wide range of institutions including Energy Majors, Independents, National Oil Companies, and for the purposes of reserves based lending for Financial Institutions.
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The onshore rig count reversed direction after 8 weeks of increases, but down only 1 rig, for a thirteen week gain of 92 rigs (up 25% since mid-May). Against this the Permian continued its trend of adding oil rigs (plus 3), and now stands at 199. Rigs targeting oil remained flat at 406, up 28% (90) since bottoming out the week of 22 May.Read more
Ever since the announcement of the 2013 Reforma Energética in Mexico, the international energy industry has held its collective breath for the opportunity to invest in the so called “Pemex Farmouts”. This article explains the challenges that the process has faced, and offers some suggestions to try and help PEMEX, and the regulators involved in the process (Secretaria de Energía (SENER), Comisión Nacional de Hidrocarburos (CNH), Secretariat de Hacienda y Crédito Público (SHCP) forge a path forward.Read more
The onshore rig count continued its upward march, increasing for the eighth consecutive week by adding 9. This means that the increase over the past three months is now 25% (up 93), with the Permian again taking the lion’s share. Rigs targeting oil now stand at 406, up 28% (90) since bottoming out the week of 22 May.Read more
There are many angles to be considered when describing a field as mature. An oil field can be considered as mature when its production rate has significantly declined and/ or when it is close to reaching its economic limit. A field might also be considered mature when it has been in production for many years and has depleted its primary and secondary recovery. Consequently, facilities and technology at mature fields could be old. However, far from being diminishing assets, these mature fields offer one of our most important opportunities to extract further oil and gas resources to meet future energy demands.
GCA recognises through direct and extensive experience the typical needs of mature fields and the significance of fit for purpose models and technically appropriate solutions for such fields.
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GCA has provided advice on several hundred technical and commercial advisory projects in all sectors of the North Sea and North West Europe. Our studies have ranged across: hydrocarbon types; onshore and offshore; conventional and unconventional including coal bed methane (CBM) and heavy oil. GCA has provided independent due-diligence at all stages of asset maturity from Prospect Evaluation to Field Abandonment and Carbon Capture and Storage (CCS).
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Integrated reservoir modelling is a key component of field development planning and GCA has extensive experience in building reservoir models for this purpose. While the benefits of an integrated approach to subsurface modelling are widely recognized within the industry, some companies still struggle to achieve true integration. GCA's project teams include all the necessary technical disciplines, usually in a single location, and are led by an experienced project manager. Further, GCA can include facilities engineers, petroleum economists and monetization experts in the team to offer a truly comprehensive, integrated solution to all field development challenges.
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The onshore rig count increased for a seventh consecutive week, adding 17, for an eleven week gain of 22% (up 84), with the Permian taking the lion’s share. Rigs targeting oil now stand at 396, up 25% (80) since bottoming out the week of 22 May.Read more
gaffney-cline & associates