Independent Reserves Certification in Thailand
An onshore operator in Thailand required independent reserves certification with expertise in assessing geologically complex reservoirs.
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Project Highlights
- Supported regulatory requirements
- Involved complex geology
- Delivered extensive seismic interpretation
- Enabled the client to understand the range of risk
Challenges:
The client required independent reserves disclosure to support its status as a publicly listed company on a Canadian stock exchange
This field is a multi-layered reservoir that is highly fractured, and the seismic data has been reprocessed and re-interpreted as more wells were drilled and a better understanding of the reservoir was gained
The project required significant geophysical expertise and understanding of geological uncertainty and required to have reserves assigned that reflected the geological uncertainty
This field is a multi-layered reservoir that is highly fractured, and the seismic data has been reprocessed and re-interpreted as more wells were drilled and a better understanding of the reservoir was gained
The project required significant geophysical expertise and understanding of geological uncertainty and required to have reserves assigned that reflected the geological uncertainty
Solutions:
Sproule ERCE utilized a multi-disciplinary team to understand the reservoir and assign reserves
The Sproule ERCE technical team completed the report for the client’s Thai assets in both U.S. and Canadian dollar outputs as required
The Sproule ERCE technical team completed the report for the client’s Thai assets in both U.S. and Canadian dollar outputs as required