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Project Duration: |
February - December, 1993 |
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Client: |
Ministry of Oil and Gas of Turkmenistan |
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Project Type: |
Project Management with Geological and Geophysical Modeling, Reserve and Economic Evaluation and Model Contract Creation. Offshore and Onshore Producing Property Competitive Tender |
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Value of Evaluated Assets: |
In excess of $60 million in signature bonuses and investment commitments |
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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. |
