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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

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Case Studies

Discover how Belltree Consultants have used bMark™ to augment their technical expertise, resulting in maximum client value and unique insights

National Benchmark Development

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:

  • 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

  • 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

  • Belltree was appointed to develop the Recovery Factor benchmarks for the UKCS based on our expertise in benchmark development

  • Project scope included >400 fields spanning the Northern North Sea Oil Fields & Southern North Sea Gas Fields

 

Project Highlights:

Knowledge Classification

  • Full audit & collation of OGA database

  • Issues identified including:

    • Key data outdated or missing

    • Averaging / aggregation errors

    • Inconsistent naming between multiple sources

  • bMark™ analogue trends leveraged for Infill / Quality Control

  • Improved database delivered to client

  • Improved data collation recommendations provided

 

Benchmark Development

  • Two separate predictive benchmarks developed for Northern North Sea Oil Fields & Southern North Sea Gas Fields

  • OGA analysis using the oil benchmark indicated a combined +900MMstb potential from 26 underperforming fields

  • Benchmarks analysis used by OGA to set aspirational targets and guide detailed conversations with Operators

 

Result:

Norwegian Corporate Takeover

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:

  • Belltree was the lead technical due diligence provider integrated with a  corporate due diligence team from an international name-brand firm

  • We were representing a buyer considering a corporate takeover involving 39 assets offshore Norway

  • The seller’s mixed portfolio contained mature producing fields, discoveries under development and exploration prospects

  • All fields (including 20+ years of data for mature assets) were to be assessed in less than 5 weeks

 

Project Highlights:

Benchmarking

  • Belltree quality-checked the Seller’s technical assumptions using the bMark™ database, leveraging it’s high-density Norwegian field dataset alongside relevant international analogues

  • 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

  • Exploration & Facility risk assessments

  • CAPEX / OPEX forecast validations

  • Independent reserves assessment

 

Result:

  • Project delivered resulting in successful corporate acquisition

  • Sale price negotiations impacted positively for our client based on bMark™ benchmarking

  • Project completed in < 5 weeks

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