Demand for Conceptual Engineering Services Climbs

Press release - Independent energy consultancy ADIL says it has recorded a 100 percent increase in demand for its Accelerated Conceptual Engineering (ACE) services as acquisition, merger and divestment activity by UKCS operators ramps up in the lower oil price environment. 

The Aberdeen and London-based organization, which works with exploration and production companies to progress projects to sanction and final delivery, said it has doubled the amount of early stage evaluation work year on year and delivered campaigns totalling in excess of $2.3 million since the start of the year.

The consultancy also reports seeing an increased need for its capabilities internationally, delivering due diligence and ACE services to clients in Trinidad, Mexico, Tunisia, Africa and North West Europe in the last eight months. This includes work with Sierra Oil and Gas for whom ADIL carried out ACE due diligence and concept select services. This was ahead of the company bidding on and being jointly awarded blocks 2 and 7 in the Gulf of Mexico during the recent first tender of Mexico´s historic first licensing round.

This is the type of information that ADIL’s ACE process will generate to aid decision making. ACE combines experience and expertise with industry proven software to enable operators to make cost-effective evaluation of options during the appraisal and select phases of developments.

The process allows the client to explore optimum wells and facilities configurations and phasing for alternative development and export options, taking account of the forecast range of reserves outcomes. It integrates subsurface, drilling, process, commercial and operations requirements to define all aspects of a development option through field life, delivering capital, operational and abandonment expenditure costs for the options in line with the project maturity.
 
According to ADIL, this enables a reliable, comparative, economic evaluation to be undertaken and informed, auditable decisions to be made.