Overview
Resource Management is the heart of value creation and realization for oil and gas operations and has been the heart of our GaffneyCline™ energy advisory business for more than 60 years. In recent years the scope of resource management has expanded from oil and gas to encompass other streams such as CO2 capture and storage.
GaffneyCline™ energy advisory has experience quantifying oil and gas reserves and resources at all stages—from early exploration to mature field management. Our multidisciplinary teams comprise experienced industry professionals with unrivalled, integrated advisory capabilities in fully understanding and optimally developing new resources.
Mature Asset Solutions for oil and gas fields is both a challenge and an opportunity. The challenge is how to manage transition to the last economic barrel, while maintaining equitable returns to business and society throughout the field production lifecycle. The opportunity is to extend field life and increase returns quicker, cheaper and with lower carbon intensity.
For both new and mature assets, fields can have lives much longer than initially envisioned when the operator’s perspective allows for the full potential of the field to be exploited by resolution of organizational barriers, regulatory or commercial issues, capital or manpower allocation constraints, technology limitations and cost structures.
GaffneyCline™ energy advisory has decades of experience of assisting operators to maximise the life of assets by challenging the constraints using a detailed methodology to identify activities that can be considered to extend field life while maintaining safe and profitable operations. These include the following:
- Cost management
- Incremental or alternative production
- Operational improvements
- Fiscal and commercial improvements