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Case Studies

Reserves Certification for Onshore Mexico

An onshore operator in Mexico needed independent reserves certification with expertise in assessing field reactivations, geologically complex environments and in shale resources plays.

Project Highlights

  • Evaluated 140MMbbl original oil in place
  • Stratigraphically complex fields
  • Project turnaround in under 15 business days
  • Support Canadian and Mexican regulatory requirements

Challenge

  • A leading onshore operator in Mexico need independent reserves certification services within a very short timeline
  • The client needed a consulting firm with expertise in assessing field reactivations, geologically complex environments, and in shale resource plays, for future consideration
  • The mature fields, located in Southern Mexico’s Tabasco region, are geologically complex

Solution

  • Sproule evaluated the reactivated fields, validating future potential within a range of uncertainty
  • Final deliverables supported TSX (National Instrument 51-101) disclosure

Value

  • Sproule completed the project in less than 15 days
  • Independent evaluation contributes to investor confidence and as required, evaluations will meet the regulatory requirements of both the Canadian (TSX) and Mexican (CNH) regulatory bodies
  • The client now has a clear understanding of the reserve process and how to navigate the Canadian regulatory system with confidence
  • The reserves evaluation provided assurance for the client’s directors, partners, and creditors and will support the development of opportunities in a key resource-rich region
Jim Chisholm, P.Eng.
President and CEO

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