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Competent Persons Report – CPR

CPRs are an important means of informing and protecting investors. These reports are essential for verifying the assets of E&P ventures in advance of proposed financial transactions. AGR is one of the leading independent experts in CPR, providing an unbiased assessment of all technical and commercial aspects relevant to accurately valuing energy ventures.

Wide-ranging responsibilities come with this work

AGR is experienced in this specialist field, with a long history of providing CPRs for many stock exchange listings, Reserve-Based Lending (RBL), equity raising, asset transactions, mergers and acquisitions and for regulators.

We bring a multi-disciplined team to CPR assignments. Our permanent in-house group of specialists are experienced in all subsurface, drilling, facilities and economics disciplines. They possess the knowledge needed to evaluate assets from every angle, to inform investment decisions in all types of E&P enterprises. At the same time, they moderate hard data with insight gained from AGR’s front-line well management operations in the world’s major hubs.

There is another dimension to this critical work. It needs to be carried out by professionals committed to upholding the highest standards of professional integrity and responsibility. AGR clients have appointed us again and again for these qualities, knowing that our experts and company values underpin our CPRs.

Respected in the global investment community

Having provided CPRs to investors for over 20 years, we have a global reputation for our work, which has proven key to investment decision making in many transactions in the E&P sector.

Our clients appoint us for:

  • The insight and analytical rigor we bring to our reports.
  • The range of expertise we offer, under one roof, to probe every technical and commercial aspect of a proposed investment.
  • Our wide experience of the investment community and its priorities.
  • Our resources as one of the world’s leading independent well services companies.
  • Our responsiveness and quality of our project management.

A multi-disciplined CPR team working seamlessly together

Our one source multi-disciplined approach to CPRs ensures that all technical and commercial aspects of the reserves and resources under examination are fully considered, by experts who work together seamlessly.

  • We provide evaluations for reserves and contingent resources and prospective resources, with reserves further categorised as proved, probable and possible.
  • Our evaluations are conducted according to strict PRMS and SEC guidelines.
  • Asset evaluations are based on a review of relevant data analysis, interpretations, subsurface and engineering models, facilities engineering and economics and an assessment of the shape of the production profiles.

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