A Partial List of Projects

We have given advice on a wide variety of evaluation issues. For example, we have helped clients:

to avoid undervaluing "legacy" (low-cost long-lived) assets, without the use of ad hoc adjustments;
to determine the different levels of risk to which each party is exposed under different complex fiscal arrangements, and the resulting effects on asset value;
to avoid overinvestment in production capacity;
to avoid underinvestment in cost reducing capital, and, in particular, to optimise the cost-quality tradeoff in procuring capital equipment;
to understand how price, geological and technical uncertainty interact in decisions about when and how to move from exploration and appraisal:
- to the sanction of initial development of a field or mine; or,
- on a broader scale, to begin building the infrastructure needed to open a up new resource area;
to avoid overvaluation of offers to outsource gathering and/or processing activities;

to determine when and how to move to secondary recovery in an oil field, and, in particular, to determine the conditions under which to do various types of pilots;
to understand the special considerations that occur in the management and valuation of mature assets with high and increasing average costs;
to model the effects on real asset value of new uncertainties, like those posed by the potential regulation of greenhouse gas emissions;
to determine when and how to begin base-line environmental monitoring of the area around a potential development that is not currently economic;
to understand how development and production activities should be managed if their secondary value for field/mine or technology appraisal is taken into account; and
to develop and execute bidding strategies for resource exploration or development rights auctions.