| Technical Evaluation of Developing Oil Field and Existing Oil Fields | Middle East
Oil and Gas Development Consulting and Engineering Company, Japan Oil Engineering

JOE carried out the technical (reserves, facilities and project plan) and validity evaluations of the cash flow of developing oil field and existing oil fields based on the basic data which is prepared by client in order to prepare the evaluation report required to obtain a loan from a financial institution.

In geological and reservoir engineering work, we carried out the following work.
- Verification of the client-owned geological and reservoir flow models
- Estimation of the reserves and production profiles
- Sensitivity study for uncertain parameters
- Investigation of the range of production potential

In project engineering work, we carried out the following work.
- Technical evaluation of facilities
- Technical evaluation of project plan for facility expansion
- Validity evaluation of the cash flow

In addition, we prepared the reply for questions from the financial institution as a follow-up work.

This project highlights features of our company that we can provide comprehensive services to cooperate with various technical sections from subsurface to surface.