Bayphase Limited

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Company of Geologists, Engineers and Investment Analysts Specialising in assessment of oil and gas fields whether on or offshore, all aspects of subsurface and surface evaluation covered. Specialist Skills in cost and project evaluation with over 30 assignments in last two years. Recent work includes reserves determinations and marketing for onshore equity farm-outs, evaluation of properties for equity farm-ins and development of financing plans based on existing assets and production revenue streams.

The Company is and has been engaged in a wide variety of projects and assignments: Developed an Exploration and Development opportunity study on Iraq for a medium sized oil company considering participation. Provided economic analysis support to a Client considering a farm-in proposition in the FSU, assisted in evaluating a range of production scenarios. Provided technical and commercial support during a Negotiations to secure a farm-in interest for a UK Client seeking to diversify his current portfolio. Conducted reserves evaluation including geological, reservoir, facilities and commercial analysis for a small onshore oil field and associated prospects in Africa. Developed a report considering investment opportunities across the full range of Iraq ’s oil and gas industry for a Government body with supply industry responsibilities. Completed a Technical and Commercial submission for a company seeking to acquire acreage in Nigeria's Marginal Field Initiative. Conducted a full Capital and Operating Cost Evaluation for an Onshore Heavy Oil Field in the Caspian. Developed an overview report for an international bank that wished to appraise itself of potential investment opportunities in Iraq ’s exploration and development sector. Developed and Presented a seminar on Asset Evaluation and Local industry involvement for a West African NOC. Developed a cost estimating system on pipe line insulation costs for use world wide by a UK Operator. Developed a Type II cost estimate for a major offshore gas development along with its associated onshore gas processing system. Conducted an assessment of an offshore licensing area, developed prospects and reserves inventory on a risked and unrisked basis. Also assessed costs for exploration, appraisal, development and operation of each individual prospect to arrive at total potential investment. Conducted an intensive oil and gas property evaluation course designed to familiarise new entrants with the key aspects of asset evaluation including subsurface, engineering, cost assessment and economic analysis. Audited a project close out to ensure all work had been completed in accordance with the work scope and that all base materials and work products were forwarded in the consultants submission. Developed a reserves assessment and field development plan for a giant gas condensate prospect. The assessment include an evaluation of operating and capital expenditures. Developed an assessment of world oil markets, their historical growth and potential future development - the work focused on identify future growth markets and factors for success. Establish a local industry capability assessment methodology for a an operator seeking to develop an offshore field in Africa whilst utilising as much local capability as practically possible. Provided technical assistance during a procedures compliance audit of the placement of the main engineering contract for a major onshore production facility. Provided Geotechnical and Engineering assistance including cost, budget, schedule and development planning analysis as part of a contract compliance team for a major offshore development. Implemented a study considering the application of heavy oil extraction techniques developed in the UKCS to a giant field prospect. This included cost and economic assessments. Conducted a study designed to assess the economic benefits of integrating production operations in 3 fields. The study identified all potential synergies and the resultant cost benefit associated with each. Conducted a technical and cost audit of cost overruns associated with a major onshore oil and gas development. Developed an expert witness report for an onshore heavy oil field. The report assessed reserves, likely production rates and surface facilities required for this shallow depth development. This assessment was subsequently used to value the field. Developed a field development plan for a shallow water, heavy oil field. The plan considered slant drilling rigs to access shallow depth targets and a range of production methods designed to improve productivity and minimise topsides weight. Developed position paper that showed value of investments resulting from development of an oil province. Assessed the implications on local industry and assisted in developing a strategy to increase local industry market penetration as rapidly as possible. Conducted an independent reserves analysis for a significant new field discovery. Reviewed a Fast Track Implementation Schedule for first Phase of Major Onshore Development. Carried out assessment of a Seismic Contractors proposed work program to establish its economic viability. Developed and presented an extensive course on Fired Heater Design, Operations and Maintenance for a Petrochemical Plant Operator. Carried out an Audit of costs for an operator considering a Shallow Depth onshore Oil Exploration Program in the Caspian Region. Assessed draft licensing terms for two blocks being considered. Assessed possible hydrocarbon inventory of the blocks and the appropriateness of the terms given the technical feature of the hydrocarbon accumulations likely to be discovered. Developing web based Information Service on the oil and gas potential of a particular oil and province for a number of clients. This is designed to provide information on a the full range of issues associated with Exploration, Appraisal, Development and Production. Assessed the technical foundation for a plan designed to finance project development based on future production and revenues. The assessment focussed on the likelihood of projected revenue flows being achieved in practice.

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