 |
Turkmenistan
South Caspian Basin |
|
|
|
| Project Duration: | March 1992 - January, 1993 |
| Client: | Ministry of Oil and Gas of Turkmenistan |
| Project Type: | Project Management with Geological and Geophysical Modeling, Reserve and Economic Evaluation and Model Contract Creation. Offshore and Onshore Producing Property Competitive Tender |
| Value of Evaluated Assets: | In excess of $225 million in signature bonuses and investment commitments |
| Project Description: | Integrated turnkey project management including geological-geophysical evaluation, reservoir engineering and detailed reserve evaluations of the properties; extensive economic modeling of the properties; design of the optimum tender terms and conditions and production agreements; collection, analysis and packaging of the technical data for use by potential bidders; promotion of the tenders through advertising, international conferences, technical meetings, published articles and direct contact of dozens of potential bidders; complete administration of pre-tender and tender activities; assistance with bid evaluations and final negotiations with successful bidders. |