OPC performed a reserves review and production forecast audit for a Global Bank based in the Middle East for two separate oil and gas companies with assets in Egypt and Oman.
This project involved reviewing the operator’s most recent CPR, reserves reports and production forecasts utilising the bank’s preferred economic models. A number of inaccuracies were identified in the operator’s reports and a more accurate forecast was provided to the bank, which was able to approve the investment decision as a result of the more accurate data we provided.