Independent Analysis
We provide independent reviews and reports of projects, studies, and business opportunities.
The following are examples of assignments we have performed
Each assignment was for a different company.
|
Sector |
Assignment |
|
Oil and Gas |
With prospecting licences in four regions of the world, this client had raised share capital. In preparation for quotation and trading on the PLUS stock exchange, we co-authored an independent reports of analysis of the company prospects. You can read these reports by following this link. |
|
Investment Banking |
The bank had invested significantly in a company that owned three vessels suitable for conversion to floating production storage and offloading ships (FPSOs). The first conversion had started in a Far-East fabrication yard, where the company was also building a high specification jack-up drilling and production rig. The bank team was confident of the valuation of the jack-up, but lacked understanding and experience of the FPSO business. We prepared a report of the market to support the bank valuation of the work in progress. The report also included pertinent follow-up questions to pose to the company management, which helped the bank profitably manage the investment. |
|
Oil and Gas |
Seeking to leverage on purchasing volume, the client had contracted options on four similar projects in the same country for offshore West Africa. The intent was also to manage the projects as a program to secure technical and managerial cost savings. However, after the first project had started, the contracting market tightened, with contractors doubling prices, so the savings from the program were not easy to validate. My analysis demonstrated where savings could be realised and contributed to the decision to reschedule the program and to renegotiate the contracts. |
|
Oil and Gas |
A review of the conceptual estimate and early economics for a gas export project in North Africa, called for by partners who were concerned that the base scheme was more expensive than the economics could support. The base case was to perform minimal processing upstream of the gas pipeline and extensive processing downstream to separate many different hydrocarbon products to align with segmented local markets. Extended the review, to cover what other operators have done on similar developments in North Africa and the Middle East, where similar market conditions exist. Most operators had chosen to locate just one processing facility upstream of gas pipeline, sacrificing product diversity and therefore some revenue, but improving project economics through significantly lower capital costs. |
|
Oil and Gas |
Previously, during the front-end preparations, We had coached this project team, in Norway and the UK. On reservoir, subsea and drilling the team followed recognised best practices, with successful results. However, for the FPSO vessel, under cost pressure from their American projects organisation, the team economised on project planning and due diligence. In execution, the FPSO conversion work went out of control, running years late. The team called for me to help them document lessons learned and root causes. The client has changed the management team and reporting arrangements to support the application of best practices in all disciplines for ongoing and future projects. |
|
Oil and Gas |
Lessons learned and root cause analysis for a Project completing a North Sea production platform. The lessons are being applied on up-coming projects in the same region. |
|
Oil and Gas |
Based on a sample of upstream projects, conducted a study of the production records in the first months of production. The study showed that most project teams are too optimistic in early production forecasting. Also oil, gas and condensate projects perform consistently differently, because of the different commercial pressures: the simplicity of clearing crude oil production, the needs to deliver commercially committed volumes for gas sales contracts, and the operational linkage with onshore plants for condensate processing. |
|
Oil and Gas |
Study assessing the technical and economic benefits of monopod platform technology. |
|
Oil and Gas |
Lessons learned and root cause analyses of many projects, including three projects each with CAPEX of over $4 billion. The larger projects, led by senior managers with reputations for exceptional results, were permitted to by-pass company procedures and take risks that would not have been sanctioned had they been reviewed against standard company hurdles. The small projects in the portfolio rigorously followed company procedures and performed relatively better than the large projects. Now, the same criteria are applied universally in the company authorisation processes, which are resulting in consistently more profitable projects. |
We regard client confidentiality as
essential to our business, so the above examples deliberately do not
reveal the identity of the clients and teams involved.
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