Community and Biodiversity Workshop in Nigeria
In September 2019 Stewart Whiteley participated in and presented at a Community and Biodiversity Workshop in Port Harcourt in Nigeria that was organised by one of Petrenel’s clients. The workshop focused on the social, environmental and economic development of host communities and the protection of biodiversity in the Niger Delta. Participants included members of host communities, energy companies, community health and biodiversity experts both from Nigeria and international organisations, and Federal, State and Local Government representatives. The workshop explored more effective ways to improve the interaction between benefactors and their host communities, minimise the impact on and protect wildlife in the area, providing energy in a sustainable way to host communities, and as well as enhancing the organisation and structural framework associated with providing benefits and support to host communities in a more sustainable way. Many examples of best practice emerged which, through shared learning, may be of benefit to other operating companies and communities in the Niger Delta.
Environmental, Social, Health and Safety Compliance Audits in Gabon and Nigeria
Petrenel, in 2019, was awarded contracts and undertook three Environmental, Social and Health and Safety compliance audits of onshore oil and gas assets and operating practices and in West Africa (Gabon and Nigeria) on behalf of the operating companies and their international lenders. The work included assessing the effectiveness of each companies ESHS management systems, occupational health and safety performance, resource consumption, labour conditions, GHG and other air emissions, waste and wastewater management, oil spill management, terrestrial impacts, land acquisition and involuntary resettlement, asset & technical integrity, community Health and Safety, biodiversity, indigenous people and cultural heritage. The work included specific visits as well as engagement with the local community and community leaders.
Technical Due Diligence and Acquisition Support, Energean
Energean Oil and Gas plc entered into an agreement to purchase Edison Energy & Production for US$ 750 mn on July 4th 2019. Petrenel provided Technical Advisory services in support of Energean’s winning bid. The acquisition will make Energean a significant player in the growing eastern Mediterranean oil and gas hub. This transaction, among others, is a significant milestone in the development of Petrenel into the premier M&A advisor to the upstream oil and gas industry.
Reservoir Simulation, MBAL and GAP Modelling – the North Sea, Offshore Greece & Isreal Assets
In 2019, Petrenel was commissioned to undertake several reservoir simulations, MBAL and GAP modelling for mature and early stages of development oil, gas and gas condensate fields located in the North Sea, offshore Greece and offshore Israel. The essence of the work was to formulate or identify the optimal development strategy for these fields. The gas condensate model involved building a composition reservoir model.
Operational Support, Congo
Petrenel, in December 2018 safely and successfully supervised the reinstatement of production from a suspended oil and gas well in the Congo for one of its clients. The well, after an initial testing period that included an interference test with an adjacent well, was brought back on stream at a sustained and stabilised rate that was 35% higher than the pre-shut in levels. In addition to the on-site supervision and mentorship, VLP modelling and flow assurance were undertaken.
Petroleum Resource Masterclass
In January 2016 Phil Beck and Alena Stranska ran a lunchtime masterclass on “Petroleum Resource Quantification and Classification” for a large international firm of lawyers. The seminar focused on the various methods used to estimate the quantities of oil and gas resources, risks and uncertainties in petroleum exploration & production and the various international standards used to classify petroleum resources. Petrenel offers a range of masterclasses, seminars, and short courses on Petroleum Resources, Reservoir Engineering and Petroleum Economics to international banks, insurance companies and legal firms. These masterclasses were developed for our staff’s internal training but by popular demand are being made available externally. If you are interested in finding out more about our programme and what we could do for you, please contact us on +44 1344 291901 or firstname.lastname@example.org.
Petrenel supports the SPE and its student members!
On Thursday 10th September 2015, the SPE Young Professional London section hosted the third edition of its annual student paper contest (SPC) at Imperial College (IC) London.
The event was the final stage of a competition that attracted over 30 abstracts from 9 universities all over the UK, with five finalists from IC, Coventry University and the University of Leeds invited to present their research. The event was organised by the SPE’s Young Professional committee that includes Luce Tchen, from Petrenel.
Stewart Whiteley, MD of Petrenel, kindly helped judge the presentations with research topics ranging from a simulation of surfactant and polymer flooding to multiwell deconvolution. After many interesting questions and some time to deliberate, the winner was announced as Mr Yit Xiang for his paper on “Multiwell Deconvolution for Shale Gas” and the runner-up award was given to Miss Xutong Li for her research on “Waterflood Management Optimisation Using Streamline Technology”.
SSE plc., through its wholly-owned subsidiary SSE E&P UK Limited, has entered into an agreement with Total E&P UK Limited to acquire a 20% interest in four large fields in the West of Shetlands area and a new gas plant and pipeline system for a total consideration of £565 million. Petrenel provided Technical and Commercial Advisory services in support of SSE’s winning bid. Petrenel has supported SSE through a number of transformational acquisitions in the past and this latest clearly establishes SSE E&P as a major player in the UK’s upstream oil and gas sector.
Countryside Alliance Shale Oil and Gas Study
Shale oil and gas development in the UK is currently under evaluation by several companies and has received significant government support. Transposing or adopting the US model for such an industry could have a profound impact on the UK countryside and in recognition of this the Countryside Alliance, sponsored by the late Mark Donegan, commissioned Petrenel to undertake a study to describe the background to the shale business, the state of the emerging industry in the UK and how it might evolve. Petrenel combines the technical insight of how an oil and gas operation functions with the ability to audit the environmental impact. This report analyses the effects a shale operation could have on the UK countryside and how areas of concern might be addressed. Click here to download the full report.
Oando Closing Ceremony – Acquisition of Conoco Phillips Oil and Gas Assets, Nigeria
Oando Energy Resources Inc. completed the acquisition of Conoco Phillips Nigerian oil and gas assets on the 30th July 2014. Further details of the acquisition can be found in Oando’s press release “OERClosing” . This is a major milestone in Oando’s development and positions the Company as one of the leading players in the Oil and Gas sector in West Africa. Petrenel provided Technical Advisory services in support of Oando’s winning bid and has been retained to independently audit the associated petroleum resources on behalf of the Company. The formal closing took place in Paris and was attended by Alena Stranska and Stewart Whiteley from Petrenel.
Petrenel’s Big Move
Petrenel is pleased to announce that we have moved into larger offices within Imperial College’s Campus in Ascot. The move is the result of a growing demand for our services and expresses the Company’s commitment to continue to expand its business to meet our client’s needs. Our new address is: Suite 9, Silwood Business Centre, Silwood Park, Ascot, Berkshire, SL5 7PW
Environmental, Social, Health and Safety Compliance Audit in Chad
Petrenel has been awarded an assignment to conduct an Environmental, Social and Health and Safety compliance audit of an international E&P company operating in Chad for one of the world’s largest global banking groups.
Technical Due Diligence and Acquisition Support, Oando
Oando Energy Resources Inc entered into an agreement to purchase ConocoPhillips Nigeria oil and gas assets for US$ 1.8 bn. Petrenel provided Technical Advisory services in support of Oando’s winning bid and has been engaged to independently audit the associated petroleum resources. This is the largest transaction that Petrenel has been engaged to date and is a major milestone in the development of Petrenel into the premier M&A advisor to the upstream oil and gas industry.
Oando Energy Resources Inc. obtained listing approval from the Toronto Stock Exchange (the “TSX”). Petrenel prepared the Competent Persons Report in support of the reverse takeover of Excile Resources by OER that preceded the listing.