Sproule partnered with a publicly traded European oil and gas production company to navigate a highly complex, large-scale tight gas field project in Algeria. Leveraging a multidisciplinary team, Sproule delivered end-to-end solutions that included geoscience, engineering, and expert witness testimony. The project’s international arbitration required precise equity participation factors, making Sproule’s integrated approach crucial for the client’s success.
Project Highlights
- Publicly traded, European oil and gas production
- Large, complex, tight gas field with approximately 30 wells
- International arbitration to determine equity participation factors
- Multidisciplinary Expertise including geoscience, engineering and expert witness
Challenge
- Large Complex Field: Determining the optimal field development plan involved selecting the right number and types of wells (vertical or horizontal) and defining effective well completion strategies. This posed a considerable challenge due to the field’s complexity.
- Seamless Integration: Integrating various aspects of the project, from seismic interpretation to gas processing facilities, demanded meticulous coordination across all disciplines.
- Expert Witness and Testimony: Translating technical findings into clear, authoritative expert reports and testimony for arbitration was critical in influencing the outcome favorably for the client.
Solution
- Comprehensive Field Development: Sproule constructed a highly detailed field development plan, strategically optimizing the number and types of wells to maximize both production efficiency and overall value.
- Multidisciplinary Approach: The team’s ability to integrate geoscience, engineering, and expert witness expertise ensured a cohesive and effective execution strategy.
- Technical Insights for Powerful Arbitration Testimony: Sproule’s expert witness testimony was pivotal in helping the client navigate the complex equity participation factors with confidence.
Value
- Optimized Asset Value: The field development plan provided by Sproule is expected to enhance the long-term value of the asset, ensuring maximum return on investment for the client and stakeholders.
- Informed Decision-Making: Close collaboration with the client’s technical staff allowed Sproule to blend historical field knowledge with advanced technical expertise, driving better decision-making.
- Strategic Equity Arbitration Support: Sproule’s expert reports and testimony provided a strong foundation for the client’s case in the arbitration process, potentially saving significant financial resources and securing favorable terms.
