Asset Development Planning

Asset Development Planning

Oil & Gas Feasibility Studies

Oil and gas exploration and development are highly complex activities with high techno-commercial risk. Even after confirmation of hydrocarbon resource via appraisal it is still crucial to perform an adequate assessment to ascertain whether a discovery is commercially attractive.

Based on vast experience in offshore and onshore oil and gas feasibility studies, EPConsult Energies supports companies in establishing whether exploration and appraisal results should be turned into development and production.

To support oil & gas field development we can deliver:

  • Oil feasibility studies

  • Gas Feasibility studies

  • Competent person reports

  • Due diligence reports for oil and gas field development

Our Oil & Gas Feasibility Studies typically involve:

  • Establishing scope, objectives and terms of reference for the study

  • Developing a study basis including oil & gas development data, well site PVT data analysis, etc.

  • Review of subsurface exploration results

  • Performance of geology, reservoir engineering and production engineering  

  • Consideration of EOR techniques, e.g.: water injection, steam injection, gas lift etc.

  • Establishment of base drainage scenarios and production profiles

  • Performance of development engineering

  • Production facilities definition and separation facilities definition

  • HSE screening

  • Oil and gas risk assessment

  • Development schedule

  • CAPEX, OPEX and oil and gas economics

  • Recommendations

EPConsult Energies has excellent people and excellent systems – which forms the foundation of solid advice to our clients.


Case Study:

Suncor Energy – Block 15/18A – Feasibility Study – UK North Sea