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Carbon Management

Execute strategic decisions in the context of a rapidly changing world, where understanding your carbon footprint and potential solutions are key to developing a narrative that resonates with stakeholders. Sproule offers the strategic support and advice to help navigate key drivers for carbon management and broader ESG considerations.

Sproule’s expertise straddles across the energy value chain, and our dedicated carbon management practice helps clients navigate opportunities and challenges associated with the carbon economy. Our combination of technical, operational and commercial expertise provides a complete view of projects and supports solutions consistent with reducing emissions and developing long-term, sustainable strategies.

25+ advisory engagements per year
6+ countries served
23+ commercial and technical experts
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Featured Case Study

Analysis Proves Viability of ‘Green’ Compressed Air Energy Storage

Sproule constructed a 3D geologic model and 3D numerical simulation model to study the performance of a compressed air energy storage (CAES) project located in California.

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Carbon Capture, Utilization and Storage (CCUS): Sproule has deep experience with CCUS projects globally from concept to development and subsequent monitoring and verification. Sproule supports clients with screening for viable candidate sites and development of feasibility studies. Sproule’s experience provides a complete view of projects to help clients understand the key drivers from a technical, commercial and regulatory perspective. Our geoscience and engineering expertise offers unparalleled technical assessments of key subsurface considerations and screening factors. We also leverage our understanding of project hubs, energy infrastructure, EOR potential, and carbon pricing and tax credits (e.g. 45Q) to provide a complete picture of the opportunity, whether for permanent storage or other carbon solutions, such as EOR.

 

Carbon Storage Assurance: As one of the world’s premier reserves certification firms, Sproule’s assurance expertise extends to evaluating or auditing storage potential and capacity according to emerging frameworks, such as SRMS or UNFC.

 

Carbon Pricing: Sproule actively tracks carbon pricing in key markets and the evolving nature of carbon tax credits and trading systems. Providing a view of the future direction of the carbon economy is key to understanding the economics of projects, complementing cost profiles of key solutions.

 

Sustainability/ ESG Reports: Corporate Sustainability Reports and broader ESG considerations are a key part of developing an equity story that is responsive to market expectations. Sproule works with clients to offer guidance and feedback on the most relevant reporting framework, such as the Sustainability Accounting Standards Board (SASB) Standards, the Task force on Climate-related Financial Disclosure (TCFD) Recommendations, or Global Reporting Initiative (GRI) Standards. Sproule’s services range from providing feedback and input on the report to developing key content for clients. The key focus is assessing material indicators, ensuring alignment with the chosen framework and positioning of the client’s ESG credentials.

 

Benchmarking: Sproule provides a strategic assessment of carbon intensity metrics and other ESG benchmarks in the context of due diligence of assets, raising capital or a strategic assessment of a portfolio. Sproule has proprietary frameworks to assess key ESG drivers and leverages global databases of assets across key markets.

 

Strategic Assessment: Sproule offers a strategic assessment of current policies and practices relative to emission goals and strategic opportunities that may exist to ensure close alignment between strategies and key goals. The assessment offers appropriate solutions to reduce, offset or sequester CO2 equivalent emissions, considering technical, operational and commercial factors.

We Can Help You Capture Value

Oil and gas operations are complex, expensive and the technology keeps changing. They require large investments in complex geological, commercial and political environments. Stakeholders face significant technical and financial risks, which necessitates a deep understanding of the interrelationship between assets and markets across an increasingly integrated value chain. Sproule’s advisory services give stakeholders a better understanding of value drivers, upside potential, risks, and mitigation strategies.

Best Practices Customized for You

Our advisory services depend on many factors – including your asset’s quality, geography, and geology. Sproule will always customize our analysis to fit your objectives. Our experts help translate technical insights into commercial drivers and decisions.

Best Practices Customized for You

Our advisory services depend on many factors – including your asset’s quality, geography, and geology. Sproule will always customize our analysis to fit your objectives. Our experts help translate technical insights into commercial drivers and decisions.

Technical analysis may include:

  • Analyze geological and engineering data
  • Evaluate well logs and core data
  • Evaluate seismic surveys
  • Investigate production data, well tests, pressure data, and fluid data
  • Validate capital expenditure and operating costs
  • Forecast future production rates
  • Estimate reserves, resources, and recovery factor
  • Identify potential upside
  • Evaluate planned workover, drilling, and enhanced recovery projects based on analogous operations and recent program results
  • Conduct volumetric determination of initial hydrocarbons-in-place in reservoirs where performance data is inadequate for reserve estimation

 

A commercial analysis may include:

  • Review the plausibility of integrated projects, including capital costs, operating costs, regulatory considerations, schedule delay risk, and overall project viability
  • Develop a framework for considering strategic options for an asset based on market drivers
  • Conduct a fair market value analysis of assets
  • Provide or audit a returns analysis and integrated financial modelling of an asset across the value chain, including integration of upstream and downstream economics for integrated projects, such as pipelines, processing facilities or LNG terminals
  • Assess asset retirement obligations
  • Offer an integrated analysis of supply and demand for commodities, including an analysis of market drivers regionally or globally
  • Develop commodity price forecast scenarios for key benchmarks based on proprietary models and scenario analysis
  • Support the negotiation process for buy-side and sell-side mandates
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Sheldon McDonough
Managing Director, Energy Advisory
Richard Hares, P.Eng.
Principal, Carbon Management

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