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
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