Rigorous upstream economics, from discovery to decommissioning
ECP brings major-company depth to upstream economics — combining fiscal regime expertise, reserve-based lending knowledge, and PIA-native advisory to serve operators, investors, NOCs, and governments across the full E&P life cycle. Whether you are screening prospects, structuring a farm-out, or seeking project finance, our senior advisors deliver modelling-grounded conclusions.
Upstream E&P — Full Capability
Field & Asset Economics
Full-cycle project economics from first exploration spend through to field abandonment — validating development plans, breakeven prices, and incremental investment decisions.
Reserve, Resources & Production Forecasting
Economic validation of reserves and resources across all classification categories — integrating decline curve analysis, EUR modelling, and fiscal sensitivity into reserve certification work.
Fiscal & Petroleum Economics
Rigorous fiscal regime modelling across royalties, taxes, PSCs, and cost recovery structures — with specialist depth in PIA impact analysis and cross-basin benchmarking.
Valuation & Transactions Advisory
Independent asset and portfolio valuation using DCF, NAV, and real options methodologies — supporting farm-in/farm-out transactions, M&A due diligence, and fairness opinions.
Exploration Economics & Risk Analysis
Prospect and play-based economic analysis that integrates geological risk with commercial outcomes — from EMV calculations to portfolio-level exploration optimisation.
Cost Structure & Efficiency Analysis
Benchmarking upstream cost structures and identifying efficiency gains across drilling, completions, OPEX, and service contracts — with explicit treatment of local content and FX risk.
Production Sharing & JV Economics
Detailed modelling of joint venture cash flows, PSC entitlements, and equity lifting arrangements — covering carried interests, back-in rights, and host government participation economics.
Financing & Capital Structuring
Project finance and reserve-based lending economics for upstream assets — from debt service modelling and cash waterfall design through to marginal field financing feasibility.