Technical due diligence & asset evaluation

GOGS provided technical due diligence and evaluation of a potential asset purchase in Yemen, including a review of reservoir model, production data and development scenarios. The Sab’atayn Basin is one of the most prolific Mesozoic hydrocarbon basins located in central Yemen. It has many oil producing fields with oil occurrences in fractured basement rocks. One of the key objectives of the project was to evaluate the impact of the main reservoir uncertainties on the STOIIP, reserves and proposed appraisal and development plans. We conducted an extensive reservoir study of three blocs (1producing & 2 exploration) in order to define and assess the remaining production opportunities in the fields. GOGS team produced a ranked portfolio, based on value, of identified new drilling spots. recommendations based on remaining reserves to support future business decisions was also performed.