In-depth economic and reservoir model for the entire portfolio allowed the client to compare and rank its assets in a much more consistent and transparent fashion.
An international investor, owning a portfolio of upstream assets in a variety of countries and settings, engaged AGR’s Asset Evaluations & Reserves team, to review most of its portfolio and to provide recommendations for how best to leverage the cash-generating potential of these assets.
The Complicating Factors
- Reconciliation of conflicting reserves assessments and valuation models
- Re-evaluation of three off-shore African prospects and one gas discovery in the Irish Sea
The Client Benefit
AGR constructed an economic model for the portfolio. This allowed the client to compare and rank its assets in a much more consistent and transparent fashion.
As a result, the client was able to identify value gaps and to facilitate the Board decisions required to monetise the portfolio. The model also allowed portfolio management scenarios to be run easily so that changing conditions and predictions could be modelled quickly and efficiently.