Oil and gas due diligence

Offshore platform

We evaluate the true costs of oil and gas assets, giving you the assurance you need.

Investigating an asset acquisition?
Our due diligence service lifts the veil on the Operating (OPEX), Capital (CAPEX), Transition (TREX) and Abandonment (ABEX) costs of oil and gas assets, giving you the assurance you need to make a truly informed investment decision.

Our in-house team of industry-leading subject matter experts and technical authorities have conducted detailed technical evaluations for over 20 years. They have interrogated seller data for over 100 assets, including offshore manned and normally-unmanned installations, FPSOs, tankers, onshore refineries and terminals, pipelines, and subsea assets. Whatever the asset size or type, we can help.

Our dedicated due diligence resources mean your project will benefit from world-class expertise and our proprietary systems ensure a thorough process, giving you full visibility of due diligence scope and cost, precisely tailored to your requirements, from day one.

We understand the nuances of International Oil Companies, and our experience in Duty Holder and managed service provision gives us the capability to benchmark and bring to light your true financial exposure—and risk—post-acquisition.

We will help you to:

  • Understand any threats to the integrity of an asset
  • Demonstrate the on-going economic viability of an asset
  • Identify opportunities to optimise an asset to fit with your growth plans
  • Understand how the regulatory bodies think and work
  • Provide sellers and regulatory bodies with the assurances they need about your pre-acquisition processes
  • Develop realistic transition timelines based on minimum regulatory timeframes
  • Manage the go/no-go gating process to allow you to minimise your expenditure if an asset is identified as not being economically viable

We’ve also helped demonstrate the economic viability of assets that were due for decommissioning, extending their field life by identifying opportunities to delay cessation of production and maximise remaining potential.

All due diligence services are conducted under strict non-disclosure/confidentiality agreements - our discretion is guaranteed.

New entrant to the UKCS?
We have already enabled eight new entrant oil and gas operators in the UKCS, from the Sale and Purchase Agreement through transition and into operations, and frequently assist others.

New to the oil and gas industry?
We can give you the assurance and the necessary oil and gas due diligence services you need to make the right investment.

Established operator?
We can help you overcome knowledge gaps in legislation, regulations and other country specific strategies when looking to enter a new market or make a new asset purchase.

For more information, please get in touch.