ADIL has invested in growing its Accelerated Conceptual Engineering (ACE) capabilities to help the global oil and gas industry more quickly and efficiently evaluate options for field and area developments.
The Aberdeen-headquartered company, which works with exploration and production companies around the world to progress projects to sanction and final delivery, has invested a five figure sum in the development.
ACE combines ADIL’s broad experience and expertise with industry proven software to enable operators to make cost-effective evaluation of options during the appraisal and select phases of developments.
The process creates optimum wells and facilities configurations and phasing for alternative development and export options, taking account of the forecast range of reserves outcomes. It integrates subsurface, drilling, process, commercial and operations requirements to define all aspects of a development option through field life, delivering capital, operational and abandonment expenditure costs for the options in line with the project maturity.
This enables reliable comparative economic evaluation to be undertaken and informed, auditable decisions to be made.
“There are significant opportunities out there but now more than ever, operators need a reliable, efficient process and toolset to ensure their developments progress through stage gates and that the best solution is selected,” said managing director James Paton.
“In order to get developments over the line, they need significantly more accurate information within the concepts selection arena than ever before. By making full use of the data available at the selection stage, ADIL is able to make a positive impact on an operator’s ability to accurately engineer, cost and evaluate alternative development options and select the best option for taking projects forward.
“The ACE process is also a very powerful and cost-effective tool for benchmarking and audit purposes and will therefore be used by non-operated field partners and institutions that provide finance for developments.”
“We have steadily invested in expanding our company both in terms of our people and our capabilities in line with market needs in the last 12 months and have found demand for our services continues to rise among smaller, independent operators,” added Mr Paton.
“Boosting our concepts selection group will allow us to provide these focused and in-demand services to our existing and potential client base; and help the industry maximise the results for operators globally.”