Project Advisory Service
During oil and gas acquisitions and divestments, licence applications and equity fundraising, Fenchurch Michelson regularly provides advice and due diligence support.This comprises economic valuation of assets and portfolios, verifications of costs and schedules, technical reviews and regulatory compliance audits.
We perform due diligence services for a range of clients around West Africa, most times working with subsurface companies, converting information memoranda and data assessments of the economic value of assets and portfolios.
Studies indicate that the impact on project value of erroneous facilities cost estimates is similar to that of erroneous reserve estimates and that cost under-estimates are more destructive to project value than conservative cost estimates.
Surface developments have become more complex and an accurate evaluation requires an understanding of the issues regarding production fluids and flow assurance, logistics and infrastructure, retrofit expenditure and liabilities and the identification and quantification of development project risk. Our experience in business case development and feasibility studies for marginal assets, immature regions, difficult fluids, deep water, mega-projects and remote locations, enable us to provide this impartial service.