Technical Due Diligence for Potential Acquisition of an Interest in the Offshore Peregrino Heavy Oil Field

Carried out technical due diligence for the client during its consideration of an acquisition of an interest in subject field. Conducted evaluations on all technical aspects of the acquisition including:

1. Data Quality Assessment
2. Review of Seller’s:
   1. Geological Interpretation
   2. Geophysical Interpretation
   3. Petrophysical Interpretation
   4. Static Model
3. Independent in-place, resource and reserves determination
4. Review of Seller’s:
   1. Reservoir Engineering Basis
   2. Reservoir Model
   3. Subsurface Field Development Plan
   4. Surface Field Development Plan
   5. Capital, Production and Decommissioning Costs
5. Development of a qualitative and quantitative assessment of all subsurface and surface risks
6. Contract Terms and work program assessment

Health, Safety and Environmental Assessment