Consulting Projects
On March 5, 2005 Miller and Lents, ltd., TechInput, Inc, and Non-commercial partnership "Self-regulated Enterprise "National Association on Subsurface Expert Review" signed an agreement for oil and gas reserve audits, fair market value evaluation and field development feasibility studies.
Subject of the Agreement is Joint oil and gas reserve auditing for Russia's oil and gas companies, fair market value evaluation, feasibility studies and to insure acceptability for International reporting.
OIL AND GAS RESERVE AUDIT AND RISK ANALYSIS
FOR SMALL- AND MEDIUM-SIZE
OIL AND GAS PRODUCING COMPANIES
There is a growing market of small- and medium-size oil and gas producing companies in Russia and CIS countries which need auditing services but are not covered by the international audit. Due to a number of reasons, primarily financial, these companies do not use the services of western firms whose reputation is unconditionally acknowledged by international credit and financial organizations.
As General Representative and partner of international auditing firm Miller & Lents, Ltd. (Texas, USA), TechInput, Inc., provides such services to small- and medium-size oil and gas producing companies based on international standards and at affordable prices.
Services jointly provided by Miller and Lents, Ltd and TechInput, Inc. enable companies to implement:
- Principles of independent technical auditing, reserve and field evaluation, risk analysis with a potential for western credits and investments as well as for IPOs
- A comprehensive approach to modernization of production and increase in productivity, including acquisition and implementation of new technologies best fit for specific conditions;
- Cash flow forecasts for various price scenarios for oil, gas, and their refined products;
- Assessment of project financial needs and specific financial data reporting;
- Principles of Fair Market Value estimates for purchase of oil and gas interests;
- Evaluation of commercial proposals;
- Technical support for new projects and auxiliary consulting services
AUDIT AND ENGINEERING SUPPORT FOR GENERAL RECONSTRUCTION OF THE MOSCOW REFINERY (MR)
To retain the current market share, MR management decided to develop a technical basis for a general reconstruction in the following three stages:
- Comprehensive technical audit;
- Development of a 2 to 3-year short-term production optimization plan;
- Development of a general 7 to 10-year master reconstruction plan.
Following TechInput's proposal, MR management officially invited C. Costello & Associates - engineering consulting firm (California, USA) - to take part in the tender for the above-mentioned engineering services. With our assistance Costello & Associates submitted technical and commercial proposals to the MR management and were admitted to the tender.
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