Oil and gas assets are understandably valuable. So much so, by the fact that that oil and gas is absolutely everywhere – in petroleum products which include transportation fuels, fuel oils for heating and electricity generation, asphalt and road oil, and of course feedstocks – which make chemicals, plastics and synthetic materials which are in almost everything we use today. Essentially, oil and gas is the driving force behind this world, and without it, growth and living conditions would likely be hurled back into the dark ages.
The use of oil and gas is also a little closer to home. Even children can state that oil is directly used in petroleum products for vehicles, but what might not be known by most of the populace is to which extent. Of 7.13 billion barrels of US petroleum product consumption, a staggering 47% was directly used for motor gasoline and 20% was distillate fuel – which includes heating oil and diesel fuel. 8% was jet fuel.
Needless to say, consumption is staggering, and there’s a lot of money involved in identifying, locating, drilling and getting the most from every deposit, as it is a dwindling resource. Oil’s value is sharpened by the fact that drilling is certainly not an easy thing. Each and every deposit is unique, and there are a world of complications in the act of drilling and extracting this precious resource.
Needless to say, you’ll want to get as much of this resource as you possibly can – at as little cost as possible. But, you want to do it right. If you’re a company with a find, London-based ERC Equipoise can help you make the absolute most of this asset. Highly experienced in Oil and Gas Pricing and Analytics as well as Commercial modelling including PSC, tax and royalty systems, ERC Equipoise understand exactly what you need and can help you truly get the most from what you’ve discovered.