New Ventures C.S.
Bid Rounds & Farm-out/In Opportunities
Looking to sell your oil and gas asset(s)? Seeking to farm-out your exploration project?
The HCS Team has at it’s disposal vastly experienced multi-disciplinary teams. The teams include petroleum geologists, structural geologists, stratigraphers, sedimentologists, geochemists, seismic interpreters, and petrophysicists. Our teams are also complemented by economists, reserve specialists, drilling experts, logistics experts and lawyers.
At HCS, we can market your oil and gas assets, perform evaluations for acquisitions, farm-in/out opportunities for oil & gas discoveries and oil and gas producers. Oil and gas companies promote their exploration, appraisal or development projects when searching for joint-venture partners or market their non-core producing assets for divestment. HCS guarantees to perform all evaluations and recommendations to your utmost satisfaction.
The HCS Team(s) can use a complete suite of geological and engineering data to perform evaluations or they can simply use well-performance histories. The final step of the evaluation is to carry out cashflows and production to generate discounted net present values. Clients regularly ask for different economic runs under various sensitivities to future sales prices or “price decks” and to operating and capital costs.
Of the 18 African bid rounds that were held from 2014-2018, very few were successful. Only four saw multiple (ratified) awards made to companies with the technical and financial capacity required to operate without a farm-out (these were the 2015 and 2018 Egyptian EGAS rounds, the 2016 Congo offshore round, and the 2015 Mozambique Round).