Europe

Europe

  • Experts in North West Europe

    Experts in North West Europe

    16th August 2016

    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).

    To download this brochure as a PDF please click here or in the sidebar below (568KB).

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  • Reserves and Resources Estimation

    Reserves and Resources Estimation

    7th July 2016

    Gaffney, Cline & Associates (GCA) is a global consultancy that has been offering technical, commercial, and strategic advice to the oil and gas sector for more than 50 years. GCA is well known as one of the leading suppliers of Reserves and Resources assessments, which are required for many purposes including statutory reporting, stock exchange listing, development planning,project finance, and asset valuation.  GCA has undertaken many thousands of Reserves and Resources assessments covering all types of reservoirs and hydrocarbons and all the world's major petroleum basins.  To illustrate the breadth and depth of GCA's work, brief summaries of some projects recently undertaken by GCA have been provided in the following pages.

    Read on, or download a copy of the brochure, here

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  • The Competent Person’s Report

    The Competent Person’s Report

    11th May 2016

    A Competent Person’s Report (CPR) is an independent technical report on the oil and gas assets (or mineral assets) of a company.  It is normally required for an Initial Public Offering (IPO) in the oil and gas (or mineral mining) sector and for other material transactions such as mergers, acquisitions and takeovers involving a listed company in this sector.  While the term CPR is used for the London Stock Exchange (LSE) and other European exchanges, other terms such as Qualified Person’s Report or Technical Expert’s Report may be used for such a report elsewhere in the world.

    The aim of a CPR is to provide a responsible, unbiased and independent opinion on the technical aspects of the company, with the ultimate purpose of informing and protecting investors. 

    This article discusses the Competent Person’s Report and its preparation, particularly in the context of the London Stock Exchange.  

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  • Shale Gas in the UK

    4th May 2016

    In April 2016 GCA was invited to speak to the London Engineering Group (LEG) about Shale Gas in the UK.  LEG is a consultative body for insurers of engineering class risks providing a forum for discussion and education.  The talk was an introduction to technical issues pertaining to shale gas and oil to a technical, but non-geoscience audience.  The aim was to impartially separate myths from reality, discuss the conventional and unconventional onshore activity in the UK and outline the regulations and risk management that is applicable in the UK.

    A copy of the presentation can be read below, or downloaded here

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  • Experts in the North Sea

    Experts in the North Sea

    1st May 2016

    The North Sea has found and produced hydrocarbons from the widest range of stratigraphic ages in the world and GCA has assessed them all.  But it is not just about the hydrocarbons and the reservoirs; GCA has worked at all stages of the business from prospect development through to abandonment.  Assistance has been provided, amongst other things, for acquisition due diligence, unitisation and redetermination, financing, field development planning, cost analysis, IPOs, LNG plants, infrastructure assessments, insurance claims, legal disputes and of course Reserves.  

    To download this brochure as a PDF please click here or in the sidebar below (203KB).

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  • Evolving Natural Gas Paradigms – Risks and Opportunities for Industry Participants

    Evolving Natural Gas Paradigms – Risks and Opportunities for Industry Participants

    1st April 2016

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  • UK Taxation on Oil and Gas Extraction is Cut Again, but Remains Volatile

    UK Taxation on Oil and Gas Extraction is Cut Again, but Remains Volatile

    17th March 2016

    The UK Treasury’s announcement in the 2016 budget of abolishing much of Petroleum Revenue Tax (PRT) and reducing the Supplementary Charge from 20% to 10% will be a welcome relief to many Oil and Gas companies. However, it does little to reassure investors who have witnessed over the last 25 years the frequent tweaking of taxation in response to the rise and fall of oil price, which has created a legacy of uncertainty in the UK fiscal regime. 

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  • Unlocking Value in the UK North Sea

    Unlocking Value in the UK North Sea

    19th May 2015

    In times of low oil price and rising costs, the North Sea can’t escape the doom and gloom headlines. Drilling activity is grinding to a halt and operators are trimming their waistlines with reduced capital spending and workforce down sizes. In this climate could anyone really argue with the savvy investor looking to invest in other more promising regions around the globe? Yes, the North Sea has problems, but the size of the remaining prize is still considerable. There are 7,100 million barrels of oil plus gas equivalent of reserves and resources currently under production or about to be developed (WoodMac). This is almost 20% of what has already been recovered and doesn’t include the potential development of new discoveries or previously uncommercial accumulations. The question is not whether there is value in the UK North Sea, but rather how can this value be unlocked?

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  • Unlocking Value in the UKCS

    Unlocking Value in the UKCS

    25th February 2015

    In February 2015, GCA hosted an event at the Royal Institution on "Dealing with Crude Behavior: Pitfalls and Opportunities".

    At the event Séadhna Wilson gave a presentation on "Unlocking Value in the UKCS".  

    You can download the presentation here as a pdf (853KB), or view the full presentation by clicking below.

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  • Assessing the Commerciality of Mature UKCS Oilfields

    Assessing the Commerciality of Mature UKCS Oilfields

    15th October 2014

    On 15th October 2014, GCA hosted a workshop at the Institute of Directors in London on the subject of "The Future of the UK Hydrocarbon Sector".

    This presentation was given by GCA's Mike Wood at the event.

    You can download the presentation here as a pdf (806KB), or view the full presentation by clicking below.

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  • UK Onshore Shale Oil: A View on Viability

    UK Onshore Shale Oil: A View on Viability

    15th October 2014

    On 15th October 2014, GCA hosted a workshop at the Institute of Directors in London on the subject of "The Future of the UK Hydrocarbon Sector".

    This presentation was given by GCA's Roddy Irwin at the event.

    You can download the presentation here as a pdf (2MB), or view the full presentation by clicking below.

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  • UKCS Trends, The Wood Report & Fiscal Environment

    UKCS Trends, The Wood Report & Fiscal Environment

    15th October 2014

    On 15th October 2014, GCA hosted a workshop at the Institute of Directors in London on the subject of "The Future of the UK Hydrocarbon Sector".

    This presentation was given by GCA's Chris Rachwal at the event.

    You can download the presentation here as a pdf (1MB), or view the full presentation by clicking below.

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  • UK Energy Policy - Far-Sighted or Misguided?

    UK Energy Policy - Far-Sighted or Misguided?

    15th October 2014

    On 15th October 2014, GCA hosted a workshop at the Institute of Directors in London on the subject of "The Future of the UK Hydrocarbon Sector".

    This presentation was given by GCA guest speaker Barry Aling at the event.

    You can download the presentation here as a pdf (574KB), or view the full presentation by clicking below.

    Read the full article on UK Energy Policy - Far-Sighted or Misguided here.

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  • Upside View of UKCS

    Upside View of UKCS

    15th October 2014

    On 15th October 2014, GCA hosted a workshop at the Institute of Directors in London on the subject of "The Future of the UK Hydrocarbon Sector".

    This presentation was given by GCA's Chris Rachwal at the event.

    You can download the presentation here as a pdf (755KB), or view the full presentation by clicking below.

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  • UK Energy Policy - Far-Sighted or Misguided?

    UK Energy Policy - Far-Sighted or Misguided?

    25th June 2014

    The 2008 Energy Act re-calibrated UK energy policy from cost and security of supply priorities toward a low-carbon future by re-configuring the electricity generating infrastructure.  However, it is only recently that the full cost implications of this far-reaching policy change are becoming apparent.  In essence, low-carbon electricity supplies are only sustainable economically through a complex architecture of subsidies which impose minimum prices for renewable and nuclear-sourced energy that could increase overall electricity prices by up to 75% in real terms over the next 11 years.  Viewed from this perspective, it is clear that UK government policy is a key driver in electricity pricing and will become more so in the coming decade. Guest author Barry Aling presents an opinion on current policy and its implications from the perspective of ensuring UK industrial competitiveness and minimizing future energy costs.

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  • A New Cold War in International Gas Markets

    A New Cold War in International Gas Markets

    12th June 2014

    Rising tensions in Eastern Europe emanating from Russian geopolitical ambitions in Ukraine have shaken NATO strategists into an urgent review of security on its eastern frontier.  However an equally significant competitive issue between the two sides is developing in the international gas market. While Western Europe must address its undue dependence on a potentially hostile Russia, massive increases in LNG exports from North America, Australia and the Gulf States over the next ten years will double supply capacity and, with echoes of earlier Cold War rivalry, create serious competition for Russia and its Caspian region neighbours in international gas markets.  

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