Overview
Unitization and redetermination (U&R) activities for oil and gas field developments straddling multiple blocks are often complicated and costly. Properly allocating E&P licensing rights is challenged by reservoirs with complex geologies, fluid compositions, and shapes that cross defined license block boundaries, and sometimes, international borders.
For years, GaffneyCline™ energy advisory’s expert guidance and analysis have brought greater efficiency and clarity to U&R. With our work experience in equity determination and field unitization, we help clients chart a clearer path. We also serve as independent experts in disputes over oil and gas field ownership using various procedural styles, from pendulum arbitration to complete technical autonomy.
While determining equity shares is primarily technical in scope, the ultimate outcome is commercial. That’s why we bring an interdisciplinary team of experts together for each project, including lawyers, accountants, environmental specialists, and Baker Hughes geoscientists and engineers, to execute services including:
- Unitization technical advice for parties crafting their technical submissions
- Unitization strategy advice to help develop negotiating strategies
- Unit agreement advice for both preparing and interpreting procedures
- Advisory support in negotiating inter-government agreements and treaties
- U&R workshops and seminars for individual clients and "open houses" for cross-industry audiences.
Ultimately, GaffneyCline energy advisory’s unique blend of technical and commercial skills, efficiently combined within the same organization, makes us an ideal U&R advisor.
Contact your Baker Hughes representative to learn how GaffneyCline energy advisory can help clarify and streamline your U&R activities.