ASSET & COMPANY VALUATION

Introduction

We offer integrated investment opportunity valuation for Oil & Gas upstream projects covering all disciplines and functions in the value chain. We act in Due Diligence for Asset valuation in support of Business Development screening functions, Corporate and Strategic planning, Asset acquisition, Divestiture and Dilution, and Corporate Transaction.

We carry out the required technical and economical studies to generate a reliable Asset Valuation Model for screening purposes and / or in depth Analysis on investment opportunities and projects in upstream Oil & Gas E&P.

We typically carry out Technical & Commercial due diligence reviews to support acquisitions or divestments of acreage or change in ownership of equity stakes in capital projects: we conduct opportunity framing, structuring of transaction, Fiscal Analysis, Project valuation, decision analysis. Our experience encompassing subsurface engineering, surface facilities, economic, commercial and supply chain expertise; means we can deliver highly accurate assessments promptly and with confidence.

Reviews can include one off assessments of fair market value; independent assessment of reserves; CAPEX, OPEX, DRILLEX estimates; economic analyses and quantitative risk assessment. Technical reviews of proposed field development plans might typically consider flow assurance issues, status of proposed technology, constructability and operability.

Full asset / Company technical & commercial due diligence

   Data Room exercise:  Mobilize a Team of specialists covering the full value chain of skills and expertise from subsurface to Surface.
   Reservoir studies: Geoscience & Geology, Reservoir engineering
   Economic and fiscal modeling, Opex and Capex estimation
   Independent cost estimates and verifications
   Legal and contractual aspects.
   Reserves evaluation and verifications
   Bid preparation evaluation
   Technical and financial risk analysis

Methodology

METSCOoil action revolves around Reserve and Production evaluation, Conceptual Design & Costing of wells and Facilities, and Contract Modeling and Analysis.

1. The starting point is Reservoir Analysis to generate Volumetrics & 3P Reserves
2. The next Task is to estimate field production capability under different field development plans or scenarios, which requires well and facilities conceptual design and costing.
3. The search for an optimal field development solution is an iterative process between reserve / production estimation and well / facilities design and costing, through the necessary steps of concept selection and feasibility study.
4. The discounted cash flow Model (DCFM) defines development scenarios and constitutes the principal tool for asset evaluation. The DCFM measures the impact of different price scenarios and exit strategies on project success indicators. The goal is to build a decision tree to pose strategic question on opportunities, threats and alternatives course of action.
5. This entire process is supported and enabled by Information Systems (IS) that allow to quick and safe transfer of data and results. IS also provides audit trails for any post evaluation queries and serves as a learning tool for future projects.

METSCOoil can manage the following Functions & Tasks

   Data Exchange process and data-rooms
   Quality Check & Quality Control of project prior to creating Project Database
   Opportunity scoping
   Reserve Evaluation
   Asset Valuation & discounted Cash flow Models
   Scenario definition and decision Tree Building
   Investment Metrics
   Risk & uncertainty Management and optimization
   Coordination & Handover with other project functions

Financial analysis service for acquisitions, divestment and merger

   Company Financial Analysis (Balance sheets - Cash Flow statements - industry Ratios)
   Company Detailed Asset Audit & Analysis
   Company Strategy Analysis and review
   Comparison Analysis on selected criteria's between within a same peer group