Management of upstream oil and gas assets is vital in meeting corporate objectives and creating and maintaining value. This is true throughout the life cycle, whether unexplored licences, undeveloped discoveries, fields under development or at peak production or mature fields close to abandonment.

 

Yet, when focused on reducing costs, it can be difficult to find the resources to efficiently manage a range of assets.

Whether, operated or non-operated and at whatever phase in their life cycle, we have found that there is always value to be unlocked from detailed planning, innovative action and creative negotiation.

In addition to cost savings, allowing David Fox Associates to manage some or all of the assets in an area can offer a number of advantages:

  Track record - We have a well-established record of successfully finding and applying innovative solutions to unlock value.

  Cost efficiency - We are happy to link our reward to success in adding value to your assets. Further cost efficiency is achieved when we manage an asset on behalf of two or more JV partners; this will also increase influence on the operator.

  Commitment - With reward linked to success, our only commercial objective is to add value and our growth will only come through adding value.

  Resource focus - Allowing us to manage assets in non-focus areas will free staff and other resources to concentrate on your focus areas. Also, by spreading our resources, we are able to efficiently manage small packages of assets.

 

The list of ways to unlock value in an asset is endless. Examples are: a) leased production facilities to minimise capital investment, b) phased development to reduce risk and exposure, c) renegotiation of agreements, d) focused workover programmes in mature fields.

By analysis and strategic planning, David Fox Associates can identify the value locked in an asset and by innovative action and negotiation we can unlock that value.