North West Europe remains a dynamic part of the world for the oil and gas industry, and an world leader in the area of technology development for the offshore industry.
In the past, large International Oil Companies (IOCs) dominated, bidding and charging into large reservoirs. Now many IOCs are focussing on more frontier provinces and while venture capital money is entering, difficult decisions about decommissioning are being made, yet there are still reservoirs which are only 30 per cent produced, fractured reservoirs which are little understood, and new possibilities such as steam driven production and offshore fracking.
There are also new options for business models, such as setting up new fields a standalone ventures which companies 'invests in' so that its debt does not sit on the company balance sheet.
PetroMall experts have decades of understanding of North West European fields and well placed to help organisations understand whether their current project proposal represents a satisfactory business opportunity, and what the options might be.
We can also help operators and venture capital organisations work with seismic data and other information in new ways to explore different business opportunities, including innovative field development plans, stranded reserves and more.