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// Technical Upstream Services

Economic Consultants

Economics involves the application of various techniques to enable economic analysis at every stage in the development of oil and gas exploration and production. The economics of any oil and gas project can be affected by a range of factors. Syntillica work with economists who can offer expert economic evaluation, risk analysis and financial modelling.

Economists can generate and develop economic models for oil and gas fields, they can help to establish the economic recoverable reserves and the optimisation of field development plans.

Our consultants can offer a wide range of economic evaluation techniques for projects such as Red Flag Reviews, Due Diligence projects, Decommissioning and end of field economics, through to PRMS compliant Competent Person Reports for stock exchange listing.

Our Expertise

// Industry Experience

Economics Advisor

Industry Experience
  • Principal Consultant
  • 41 years’ oil industry experience  
  • Financial modelling and risk analysis
  • Economic analysis and both macro and micro-level valuation
  • Fiscal regime knowledge of over 70 countries covering all continents
  • Worked with clients globally on acquisitions, development and exploration economics.
  • Numerous Competent Person Reports
  • Economic Due Diligence
  • Developed and conducted training in petroleum economics
  • BSc in Chemical Technology
  • Example work: Chase Manhattan Bank, BHP Billiton, numerous clients globally.  
  • Software: Numerous financial modelling packages, Crystal Ball. 
  • ERP00072
// Industry Experience

Economics Advisor

Industry Experience
  • Principal Consultant
  • 30+ years’ oil industry experience  
  • Accomplished economist in providing economic, accounting, treasury and risk modelling and corporate strategy and decision-making
  • Directed and performed analytical work for strategic analysis intended to differentiate a commodity as a product and for M&A activities aimed at external growth and market expansion.
  • Added life-of-project value analysis to company’s suite of decision- making metrics.
  • Ability to produce long-term and short-term price forecasts by using fundamental and technical analysis
  • Audit and created evaluation models
  • Developed and conducted training courses in evaluation, risk analysis and market behaviour
  • MSc in Finance, BSc in Finance
  • Example work: BHP Billiton, ARCO, multiple clients worldwide 
  • Software: Numerous financial modelling packages
  • ERP00112
// Industry Experience

Economics Consultant

Industry Experience
  • Principal Consultant
  • 20+ years’ oil industry experience  
  • A Petroleum Economist with extensive business analysis experience within investment banks and investment managers.
  • Responsible for the generation and development of economic models for oil and gas fields for establishment of economically recoverable reserves and optimisation of field development plans.
  • Experience of a wide range of economic evaluation techniques from “Red Flag Review” through to PRMS compliant CPR for stock exchange listing.
  • MSc in Metals and Energy Finance, MA in International Financial Analysis, BSc in Geophysics
  • Example work: ERCE Energy, Lloyds Register, Bayphase, Merrill Lynch, Circle Oil, ONGC, Oil India, plus many more
  • Software: Numerous financial modelling packages
  • ERP0075
// Industry Experience

Economics Consultant

Industry Experience
  • Principal Consultant
  • 20+ years’ oil industry experience  
  • A results-oriented and decisive internationally seasoned business development and evaluation strategist with extensive experience in energy investments globally, adept in conducting in-depth valuation of business investments for merger & acquisitions, listing, financing and divestments.
  • Ability to translate government and commercial contracts into a financial/economic model, and identify commercial/economic risks, thus enabling companies make robust business decisions in either acquisitions or rehabilitation programs, evaluating options, and developing long-term strategies.
  • Prudent & conscientious, devising robust business, economic & financial strategies to deliver on performance metrics.
  • Thrives under pressure in competitive environments at both strategic/conceptual level and detailed, operational level.
  • Ability to identify risks and mitigating actions to protect stakeholder interests on investments or possible acquisitions.
  •  MSc in Business Administration, BSc in Economics
  • Example work: Petronas, PNOC, GAP, Shell-Chevron, Japan Oil (JOGMEC), OECD, Deloitte, Lloyd’s Register, AC Energy, Rak Gas
  • Software: Numerous financial modelling packages
  • ERP00073
// Industry Experience

Economics Consultant

Industry Experience
  • Principal Consultant
  • 18+ years’ oil industry experience
  • Extensive expertise in evaluating energy assets for organisations worldwide, delivering accurate economic rationales for planning, budgeting and reserves bookings, and providing expert assistance with commercial negotiations, acquisitions, and field developments.
  • Upstream strategic advisory services, gas/LNG value chain commercial evaluation and risk and decision analysis, portfolio analysis and prospect evaluations
  • Gas Master Plan and Gas Monetization analysis, fiscal modelling and analysis.
  • Regulatory framework in Underground Gas Storage in UK and support of the Regulatory framework in Oil & Gas and Mining in a West African Ministry of Energy
  • Oil and Gas field and company valuations for financing, Stock Exchange Listings, acquisitions and defence documents
  • MSc in Oil & Gas Enterprise Management, Master in Business Administration, Economist
  • Example work: Premier Oil, RPS, Lloyd’s Register, Whittaker Engineering, and numerous clients worldwide.  
  • Software:  Risk, Crystal Ball and other economic packages.
  • ERP00074

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