Data Consultancy
Data is at the heart of everything that we do. From assisting companies to collate, classify & QC their technical data in bMark™ through to application of advanced machine learning methods we always ensure that our recommendations are backed up by the most robust data available
Analogue Studies
Real-World Calibration
- Get flexible access to bMark analogue insights without a subscription
- Combine our technical & data insights into robust reports
- Take advantage of an independent viewpoint
- Flexible projects from 1 day to multi-month
Benchmarking Studies
Get Advanced
- Get flexible access to advanced machine learning benchmarks without a subscription
- Understand your portfolio strengths, weaknesses & upside
- Gain perspective from peer group performance
- Calibrate forecasts from simulation modelling to real-world
Benchmark Development
Leverage Large Datasets
- Belltree specialise in building custom predictive benchmarks based on your dataset
- Build predictive equations for any parameters of interest using machine learning methods
- Use results to deeply understand value drivers specific to your region / reservoir type
- Perfect for companies with large portfolios & National Regulators
Reservoir Experts
Belltree are subsurface specialists and we have a strong track record delivering traditional engineering consultancy to a high-level. By working together with our Alliance Partners we deliver fully integrated upstream studies at better value to the client than brand-name players
Geoscience
Exceptional Exploration Studies
- Delivered via Alliance Partners Merlin Energy
- Seismic Acquisition Design & Interpretation
- Brownfield & Greenfield Geological Studies
- Static Model Building & QC
- Full Sedimentology Services & Core Logging
- Full Petrography & Laboratory Analysis
- Licence Application Support
Reservoir Engineering
Reservoir Engineering Specialists
- Field Development Planning
- Well Test Design and Analysis
- PVT Analysis
- Project Gate management
- Brownfield & Greenfield Production Optimisation
- Reserves & Resource Evaluations
- Petroleum Economics
Mature Field Rehabilitation (LTRO)
Locate-the-Remaining-Oil (LTRO)
- A unique mature field process combining machine learning & traditional analysis methods
- Process allows flexible analysis of multiple geological/geophysical scenarios and handles uncertainty in data better than simulators
- Outputs available in 1-2 months at a fraction of the cost of simulation
Simulation Modelling
Expertise across multiple platforms
- Schlumberger: E100, E300
- CMG: IMEX, GEM, STARS, WINPROP, CMOST
- RfD: t-Navigator
- Tempest: EnABLE
Unconventionals
Unconventional Thinking
- Belltree management have an operational track record in many unconventional reservoirs:
- Tight Gas (e.g. <0.1mD)
- Coal Bed Methane (CBM)
- Shale Gas / Oil
Commercially-Driven Thinking
Belltree strive to help our clients see through the technical details to a clear and robust value proposition. In addition to our technical services we also offer commercially-orientated services to help our clients maximise value
Independent Reports
Technical Experts Backed by Data
- Portfolio valuations
- Reserve audits
- Gate reviews
- Expert opinions for C-Suite / Banks / Partners
- LSE/AIM-compliant Competent Persons Reports
Transaction Support
Supporting Transactions
- Buy-side & Sell-side representation
- On-site & virtual data room review
- bMark benchmarking of sale portfolio
- Targeted technical studies
- Economic model audit
Opportunity Identification
Uncovering Opportunities
- Extensive international investor network
- New country entry studies
- Independent M&A reviews
- Strategic advice to C-Suite
- Farm-out support / promotion
Download Our Latest Consultancy Services Brochure
Case Studies
Discover how Belltree Consultants have used bMark™ to augment their technical expertise, resulting in maximum client value and unique insights
National Scale Benchmarking
Belltree’s expertise in development and deployment of machine-learning driven predictive benchmarks was deployed to help the UK Oil & Gas Authority better understand the remaining potential of the North Sea
Background:
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In February 2014 the Sir Ian Wood Report “UKCS Maximising Recovery Review” identified the requirement to benchmark recovery efficiency, production efficiency, production costs & decommissioning costs in the UKCS
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Benchmarking was recognised as a key pre-condition to first understand the potential future improvements and then provide a measure against which to assess progress
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Belltree was appointed to develop the Recovery Factor benchmarks for the UKCS based on our expertise in benchmark development
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Project scope included >400 fields spanning the Northern North Sea Oil Fields & Southern North Sea Gas Fields
Project Highlights:
Knowledge Classification
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Full audit & collation of OGA database
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Issues identified including:
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Key data outdated or missing
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Averaging / aggregation errors
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Inconsistent naming between multiple sources
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bMark™ analogue trends leveraged for Infill / Quality Control
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Improved database delivered to client
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Improved data collation recommendations provided
Benchmark Development
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Two separate predictive benchmarks developed for Northern North Sea Oil Fields & Southern North Sea Gas Fields
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OGA analysis using the oil benchmark indicated a combined +900MMstb potential from 26 underperforming fields
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Benchmarks analysis used by OGA to set aspirational targets and guide detailed conversations with Operators
Result:
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Bespoke predictive Recovery Factor benchmarks securely deployed via bMark™ allowing seamless interface with the database and analytics modules
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Public report released (https://www.ogauthority.co.uk/media/4182/recovery-factor-report.pdf)

Unique Due Diligence Insights
bMark™ global data and benchmarks were teamed with Belltree’s expertise in technical due diligence to support a corporate takeover of assets in Norway
Background:
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Belltree was the lead technical due diligence provider integrated with a corporate due diligence team from an international name-brand firm
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We were representing a buyer considering a corporate takeover involving 39 assets offshore Norway
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The seller’s mixed portfolio contained mature producing fields, discoveries under development and exploration prospects
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All fields (including 20+ years of data for mature assets) were to be assessed in less than 5 weeks
Project Highlights:
Benchmarking
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Belltree quality-checked the Seller’s technical assumptions using the bMark™ database, leveraging it’s high-density Norwegian field dataset alongside relevant international analogues
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Belltree identified systematic “optimism” in the Seller’s predicting of recovery factor for yet-to-be-developed fields. Suitable discount factors were generated with bMark™ benchmarks and Seller production profiles downgraded for the fair market value calculation
Asset Due Diligence
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Exploration & Facility risk assessments
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CAPEX / OPEX forecast validations
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Independent reserves assessment
Result:
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Project delivered resulting in successful corporate acquisition
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Sale price negotiations impacted positively for our client based on bMark™ benchmarking
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Project completed in < 5 weeks
