UPSTREAM

SUMMARY

The Upstream Section of the Oil & Gas Division of Huddleston Energy plans, finances and constructs turn-key projects for the International oil & gas industry, both upstream and downstream.   We arrange finance for studies and delineation drilling during the appraisal phase.   We arrange finance for the construction and development drilling phase.    We operate the project from start-up to abandonment.   We execute upstream work in both phases in exchange for equity (farm-in). 

CRITICAL SUCCESS FACTOR

Our private investors will fund projects that create a good return on investment.   Development plans for ventures where the technology, markets and economics are clearly understood, viable, and presented in a professional manner lead to rapid approval.   The development plan, including techno-economics, is the key to project funding and essential to the successful management of the engineering, procurement, construction and delivery of the project.

HOW DO WE DO IT?

Huddleston Energy will negotiate a cost-plus-success-fee contract with you for the appraisal phase of the project.  The appraisal phase culminates in Commercial Sanction for the field.  We follow the Commercial Sanction with a turn-key contract for the construction and deveopment drilling phase. 

At the start of the appraisal phase, our professional engineers and economists first undertake a review of your data to see if sufficient information is available to achieve Commercial Sanction.  If not, a program of studies and/or drilling will be planned, budgeted and executed to acquire the additional data.

Next a development plan is produced.   This plan is the basis for the Comercial Sanction and funding.  The development plan specifies all reservoir, drilling and facilities technology and expenditures.  It provides details of all commercial agreements required to produce, transport and market the hydrocarbons.  It quantifies the project net cash flow economics from the capital expenditure, revenue and operating cost calculations.  It generates key economic indicators such as return on investment, payback period and net present value.  The sensitivities of the economic indicators to changes in the Capex, market, prices, etceteras, and a risk analysis to set project contingencies, are also parts of this business package.

When Commerciality is declared and project finance is approved, we begin engineering, procurement and design of the planned systems and equipment.    Construction of the plant facilities, commissioning, start up and acceptance tests are completed before turnover to you.  We can arrange a production management contract to operate the project on your behalf.

Our track record of over 259 projects demonstrates our experience with development plans, and the management skills needed to deliver world-class project developments.

WHAT'S NEXT?

If you are the owner or partner of an undeveloped oil or gas asset, contact Huddleston Energy immediately for a discussion and review. 
Telephone: +44 79 262 444 18, or e-mail:  russ@huddleston-energy.com
 


 
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