Projects

TECHNICAL EVALUATION OF OML 34 OIL & GAS ASSET

PROJECT – TECHNICAL EVALUATION OF OML 34 OIL & GAS ASSET
CLIENT – OML 34 JV (UNDER COLLABORATION WITH PRICEWATERHOUSE COOPERS)
LOCATION – OML 34, UGHELLI, UTOROGU, EDJEGBA AND OGUNNU FIELDS IN THE NIGER DELTA, NIGERIA
COST – CONFIDENTIAL
ROLE – TECHNICAL CONSULTANT
DATE – NOVEMBER 2017 – JANUARY 2018
STATUS – COMPLETED

This Project refers to a technical evaluation of an oil and gas asset located in the Niger-Delta region of Nigeria, to determine the accuracy and adequacy of its reported production, process efficiency, contracting procedures, geological and geophysical data, available site facilities, production logs, etc.

The Project was undertaken in collaboration with PwC to support an ongoing Value for Money Audit being carried out for the Joint Venture Participating Interests controlling the asset.

At the completion of the audit, the JV partners were able to establish the events that took place prior to the formation of an Asset Management Team (AMT) to oversee the operations of the asset, as the occurrence of events was accurately verified and validated by Energy Culture.