Superior Performance Design has recently completed the due diligence of an asset in New Zealand.
Superior Performance Design were able to provide the client with a deeper understanding of the potential issues, how these issues may impact future operations, as well as the risks and costs associated to resolve the issues.
Superior Performance Design’s workscope also included providing verification of project cost estimates and identification of areas with greatest uncertainty and risk. We also verified selected development designs with due consideration to well and subsurface risks
Our Due Diligence service is advantageous to Investors or Operators who do not have the significant in-house technical expertise required. We provide an independent expert view of the assets in question, giving the client a better understanding of its long term value and enabling them to make more informed investment decisions.
Our Well Engineering Due Diligence includes many different scopes but may include:
- Verify all Basis For Design subsurface and engineering inputs (including pore and fracture pressure gradients, subsurface uncertainty and risks etc).
- Verify selected generic development designs with due consideration to well and subsurface risks.
- Verify integrity of existing well stock and advise of potential issues
- Verify well designs and confirm feasible with presented well profiles
- Verify equipment and material selection and specifications.
- Identification of skills and disciplines necessary to be put in place
- Verify minimum equipment specifications for the proposed designs.
- Provide independent time and cost estimates to verify cost estimate and identify areas of greatest uncertainty and risk.
- Verify intended campaign activity schedule
- Identify any special or further engineering and environmental studies and/or special governmental requirements.
- Confirm geological prognosis and proposed development well trajectories/locations with due and practical consideration to well profiles.
- Evaluate the benefits and difficulties of the proposed well & subsurface designs and provide recommendations on best practices and cost reduction opportunities.
- Verify the documented contracting and procurement strategy.