Baker & O'Brien, Inc.

Experience

Experience

 

Article
C4 Upgrade Project Due Diligence
Conducted preliminary due diligence for a project to upgrade various mixed C4 streams into a range of higher valued butylenes streams and chemical products.
Pricing , Project Feasibility
Conceptual Design of Technical Services Department
Performed a conceptual design of a Technical Services Division for a petroleum refining technology licensing company. The objective was to restructure the company's technology delivery methodology to generate improved gross margins, increase customer satisfaction and retention, and additional products and services. Advised the client on defining the critical aspects of the Technical Services Division and the best approach to designing and implementing the new group structure and function.
Project Feasibility
Crude Oil Gathering System Evaluation
On behalf of an independent U.S. refiner, conducted an in-depth study of its crude oil gathering and transportation system.  Our study included  reviews of physical assets and crude oil purchase and transportation agreements, and evaluation of the economics of retention versus disposition.  Our results and conclusions were used by the client in its asset rationalization plans.
Pipeline , Pricing , Project Feasibility
Crude Oil Import Terminal Feasibility
Examined the feasibility of a deep water import terminal to meet the domestic refining industry's needs for imported crude oil as West Coast crude production declines. The analysis included a review of the history of imported crude oil for West Coast refineries, the current outlook for domestic production declines, crude oil import trends, shipping logistics, refinery capabilities, and future opportunities for moving crude oils to refining facilities east of the Rocky Mountains.
Pipeline , Project Feasibility , Waterborne/Marine
Crude Oil Terminal and Pipeline Study
Assisted in the site selection study for a new crude oil terminal and a pipeline connecting the terminal to an existing refinery.
Pipeline , Project Feasibility
Crude Oil Utilization Study
Assisted an Australian crude oil producer in preparing and submitting a "brief" to the Australian Government regarding the impact of large new volumes of Australian crude oil on the domestic refining industry. Analyzed the crude oil supplies available to each refinery and estimated the new investment that might be needed to process crude oils containing increased volumes of light ends. Assisted in making recommendations to the Government on the framing of new regulations to lessen the impact on both the industry and the consumer.
Project Feasibility
Evaluate Biodiesel Technology and Plant Design
Reviewed and critiqued plant design for prospective biofuels production facility.
Project Feasibility
Evaluate Biodiesel Technology Development and Scale-Up
Assessed the technology development and commercialization plan for a biodiesel production hydroprocessing facility. Our conclusions helped provide the basis for the formation of a joint business venture to construct and operate a world-scale biodiesel plant.
Project Feasibility
Evaluation of New Crude Production
Evaluated a new crude oil stream produced by the client from offshore platforms in the West African country of Equatorial New Guinea.  Evaluation included identification of potential markets and the values of this crude oil into these markets.
Crude Oil Valuation , Offshore , Product Quality , Project Feasibility
Feasibility and Economics to Produce CARB Phase 3 Gasoline and Diesel
Performed independent assessment of a refinery project to produce CARB gasoline and diesel. Assessment included feasibility, cost, and economics of the project. Study was performed for a prospective buyer of the refinery.
Pricing , Project Feasibility
Fertilizer Project Due Diligence Assessment
In conjunction with a leading upstream consulting firm, conducted a due diligence assessment of gas resources for the purpose of developing a fertilizer complex associated with onshore and offshore gas production under development. The assignment entailed delineating the quantity and quality of gas resources available to support the prospective fertilizer project and estimating costs to deliver natural gas suitable for producing nitrogen fertilizers to the project.
Fertilizers , Offshore , Pricing , Product Quality , Project Feasibility
Fischer Tropsch (FT) Liquids Market Study
Evaluated potential markets for Fischer Tropsch products, and the logistical requirements to access those markets from a coal-to-liquids facility.  The products included LPG, naphtha, jet fuel, and diesel, and the analysis included expected netback pricing (FOB the plant) to support financial modeling of the capital project.
Gas to Liquids , Physical Asset Appraisal , Pricing , Project Feasibility
Fischer Tropsch (FT) Market Study
Conducted a market study for intermediate and finished products resulting from FT synthesis of a gas source in West Africa. The study assessed the best markets and projected netback prices for FT diesel, jet, and naphtha, as well as a review of the marketability of intermediate (unfinished) FT products.
Pricing , Product Quality , Project Feasibility
Gas Processing
Performed a preliminary evaluation of the gas processing design, capital costs, and economics for a natural gas liquids recovery and fractionation facility and a condensate stabilization facility in the Republic of Turkmenistan.
Pricing , Project Feasibility
Gas to Liquids Evaluation
On behalf of a major oil and gas producer, prepared a conceptual design for a Fischer-Tropsch based gas-to-liquids unit using low value associated gas to produce LPG, gasoline, and zero sulfur diesel.  Developed estimates of charge and yield, capital and operating costs, and project development and capital spending schedules.
Gas to Liquids , Pricing , Project Feasibility
Gasification Project Assessment
Assisted in the evaluation of a petcoke-to-substitute natural gas facility to support possible equity investment. Assessment included review of technology, commercial issues, and economics.
Pricing , Project Feasibility
Gasoline Blending Compliance
Provided analysis for a refiner that does not produce finished gasoline on the prospects for producing gasoline that meets all API and ASTM requirements. Analyzed the options available to the refinery for blending reformate fractions and whether aromatics or benzene would likely be the constraining specification as it relates to the "anti-dumping" rule. Evaluated potential early compliance with the EPA's mobile source air toxics (MSAT2) program.
Industry Practice/Standard of Care , Product Quality , Project Feasibility
Global Gasification Feedstock Analysis
Conducted an analysis of the potential low-cost carbon feedstocks for a grassroots gasification project to produce a combination of synthetic fuels and electricity.  The study investigated sources and delivered costs for various feedstocks, including coal, petroleum coke, and low-valued refinery streams such as residuum and cracked fuel oils.  Historical data was used to assess pricing mechanisms for world petroleum coke prices, including delivered coal prices to Japan and Western Europe.
Gas to Liquids , LNG , Pricing , Project Feasibility
Grassroots Refinery Feasibility Study
Conducted a feasibility study for a grassroots refinery project that included assessment of potential crude oil supplies, various refinery configurations, and a detailed analysis of target markets and product distribution logistics.  The study also included an integrated coke gasification complex to supply hydrogen, power, and steam to the refinery.  Capital cost estimates were prepared and project economics were developed for a range of scenarios.
Pricing , Project Feasibility
Independent Engineer
Retained as the Independent Engineer for the "grassroots" Tangguh LNG Liquefaction Project in Indonesia.  Prepared the technical due diligence for the US$3 billion facility on behalf of a financial consortium.
Industry Practice/Standard of Care , LNG , Pricing , Project Feasibility
Independent Power Production
Assisted in the development proposals for two independent power projects in southeastern Japan. One facility, which was successfully implemented, involved a $180 million investment for a petroleum coke-fired 130 megawatt condensing turbine generator. Assisted in the creation of a sophisticated linear program model, which was used to justify the project, based on cash flows and probable rates of return.
Pricing , Project Feasibility
Isobutanol Valuation Study
In order to assess the potential value of isobutanol as a gasoline blending component, performed simulations of refinery operations at a select group of West Coast refineries to calculate isobutanol value relative to blending ethanol into gasoline.
PRISM Data or Analysis , Pricing , Project Feasibility
Lube Oil Market Assessment
Conducted a survey of the potential market for naphthenic lubricating oils in South and Central America. Analysis was used to complete a full feasibility study of a new Venezuelan-based refinery to manufacture these products.
Product Quality , Project Feasibility
Lube Oil Market Study
On behalf of a major oil company, prepared a forecast of the worldwide supply/demand balance for paraffinic lube oil base stocks to support the development of a new high technology manufacturing facility to be located in Saudi Arabia. Project was a joint venture between the company and the Saudi Arabian government. Output from the project was intended to serve the high growth areas of the Middle East and Far East.
Project Feasibility
Manufacturing Facility and Plant Evaluation
Performed an on-site assessment of a pipe manufacturing facility to determine operational viability. Key assessments made on mechanical integrity and reliability of the process equipment, technical understanding and organizational strength of facility personnel, and related operational issues.
Physical Asset Appraisal , Project Feasibility
Natural Gas Asset Strategic Initiative
Prepared job descriptions and qualifications as part of a new organizational strategy of a fully integrated natural gas division.
Project Feasibility
New Petroleum Products Terminal
On behalf of a major international construction company, prepared a preliminary feasibility study on a new petroleum products import terminal to serve the local market .  Study included facility layout and size estimates for docks and storage tanks.
Industry Practice/Standard of Care , Pipeline , Project Feasibility , Waterborne/Marine
Paper Coating Plant Project Finance
Served as independent engineer on behalf of a major financial institution for the construction of a new $100 million paper coating plant. Prepared due diligence, assessed technology, evaluated project scope of work and schedule, reviewed engineering, procurement, and construction contracts, and advised bank with respect to mitigation of project risks.
Commercial Terms Review , EPC-related , Project Feasibility
Refinery Manufacturing Options Study
Prepared an investment strategy to manufacture transportation fuels. Evaluated yields, investment, and operating economics to produce gasoline and diesel fuel from residual materials. Presented conclusions for consideration by the company's board of directors.
Pricing , Project Feasibility
Refinery Performance Test Evaluation
Investigated claims of poor performance of a $1 billion refinery project between a refiner and a major EPC contractor. Evaluated charge and yield, feedstock quality, and efficiency issues and assisted in documentation of response to claim.
EPC-related , Product Quality , Project Feasibility
Refinery Evaluation
Used PRISM, Baker & O'Brien's proprietary refining industry analysis tool, to establish relative refinery profitability for Philadelphia refining system. Developed proposal to install instrumentation upgrades and be paid through a percentage of the improved economic value.
PRISM Data or Analysis , Pricing , Project Feasibility
Project Feasibility and Start-Up Assistance
Retained by a financial institution to conduct an independent assessment of a refinery project to restart and expand idle equipment to produce transportation fuels and lube base oils.  The feasibility analysis included review of project costs, a product price forecast and margin outlook, as well as an assessment of the competitive market environment.  Provided assistance to the lender in structuring terms for loan agreement and establishing project milestones for the funding.  Monitored construction and revamp progress for the lender and certified mechanical completion of the project.  Following start-up of the units, attended performance test runs and provided certifications to the lender that the units met design throughput capacities and products met required quality specifications.
Pricing , Project Feasibility
Technology Commercialization
Performed due diligence on a new gas-to-liquids (GTL) process to evaluate possible routes to commercialization.  The work program included the following steps: verification of mass balance, comparison of laboratory and pilot plant yields, evaluation of alternative technologies, assessment of scale-up issues, review of preliminary commercial design, estimate of capital costs, and the development of an economic model that included sensitivity analyses for capital costs, yields, and prices.
Gas to Liquids , Intellectual Property , Project Feasibility
Technology Assessment
Working for potential investors, reviewed plans for a grassroots lube oil re-refining facility, and advised our client regarding technology and commercial risks.
Pricing , Project Feasibility
Refinery Feasibility Study
Performed a feasibility study for a small, skid-mounted refinery to be operated in Kurdistan to serve local markets. Reviewed contractor proposal regarding likely configuration, crude slate, capital costs, and yields.
EPC-related , Pricing , Project Feasibility
Refinery Gasification Study
Identified and ranked refineries as potential candidates for residue gasification projects.  Screened refineries in terms of their crude capacity, crude slate, bottoms products, hydrogen users, and location to neighboring plants.  Also, provided a macro level review of European countries that would potentially have a synergistic benefit from a gasification project.
Gasification , Pricing , Project Feasibility
Refinery Restart Due Diligence
Performed a site inspection and advised potential investor regarding the technical and commercial viability of restarting a refinery that had been shut down for several years.
Industry Practice/Standard of Care , Operations/Maintenance , Project Feasibility
Refinery Feasibility Study
Studied the possible development of a grassroots refinery that included an assessment of the refinery's potential feedstock, refined product yields, operating costs, and earnings capability.  Utilizing Baker & O'Brien's proprietary PRISM refining industry analysis software and data services, developed a ten-year outlook for refining margins/crack spreads, modeled alternative refinery configurations, and conducted a competitive assessment of the proposed refinery compared to key regional competitors.
PRISM Data or Analysis , Pricing , Project Feasibility
RFS Infrastructure Study
Prepared a report for the American Petroleum Institute (API) that analyzed the potential logistics and infrastructure bottlenecks on a year-by-year basis to 2012 that could result from the industry trying to meet the Renewable Fuel Standard from the Energy Independence and Security Act of 2007.
PRISM Data or Analysis , Pricing , Product Quality , Project Feasibility
Technical Review
Performed technical review of chlor-alkali and calcium chloride processes and project plan on behalf of prospective lender. Reviewed the process design packages for the chlor-alkali and calcium chloride production facilities and provided opinions regarding the selected processes and their technical compatibility. Reviewed the project schedule and cost estimate for the facilities and provided input to the prospective lender regarding the appropriate level of contingency. Evaluated the contracting strategy and project execution plan and provided opinions.
Pricing , Project Feasibility
Refinery Oil Sands Processing Capability
Conducted refinery modeling and developed a preliminary assessment of the current and future capabilities of several U.S. refineries for processing diluted bitumen. Prepared initial screening estimates of likely "Phase 1" capital projects for significantly increasing the capability to process blended bitumen. Conducted analysis of likely future competitiveness of same refineries in the regions of operation.
PRISM Data or Analysis , Pricing , Project Feasibility
Refinery Competitiveness Study
Prepared a competitive positioning analysis for a Midwest Refinery that incorporates the impacts of the proposed Cap and Trade legislation in Congress. Addressed the potential financial impacts of Cap and Trade on the refining industry in PADDs 2 and 3.
PRISM Data or Analysis , Environmental , Pricing , Project Feasibility
U.S. Refinery Competitiveness Assessment
Assessed the expected future competitiveness of U.S. refineries in PADDs 1, 2, 3, and 5.  Developed a base scenario and price outlook to evaluate future relative cash margin performance for over 90 refineries considering large expansion projects.  Examined effects of key sensitivities, such as light/heavy crude oil price spreads, effects of carbon regulation, and the price differential between gasoline and diesel.
PRISM Data or Analysis , Environmental , Pricing , Project Feasibility
Refinery Integration Analysis
Using PRISM, investigated and analyzed the potential value that two refiners might capture through the consolidation of operations of two neighboring refineries.  The analysis was performed under multiple price scenarios.
PRISM Data or Analysis , Pricing , Project Feasibility
Refinery Equipment Evaluation
Evaluate suitability of surplus equipment from a shut down refinery crude unit being sold for rehabilitation and then installation overseas.
Project Feasibility
West Coast Refining Strategy
On behalf of a West Coast refining company, we estimated the cash margin of all PADD 5 refineries under four different price scenarios.  These competitive margin assessments were presented for 2015, 2020, and 2025 and accounted for the cost of compliance with CO2 regulations and other environmental regulations that were applicable to each scenario.
PRISM Data or Analysis , Pricing , Project Feasibility
Refining Industry Overview
Provided guidance as to opportunities within the U.S. petroleum fuels market for blending isobutanol. Developed a list of target refineries for blending of isobutanol into gasoline. Provided isobutanol gasoline blend valuations versus ethanol for several Midwest refineries.
PRISM Data or Analysis , Pricing , Product Quality , Project Feasibility
U.S. Gasoline Study
Performed an independent analysis to determine the potential supply and cost impacts of a new National Clean Gasoline Standard that would significantly lower the Reid Vapor Pressure (RVP) and sulfur allowed in gasoline. A refinery-by-refinery analysis was performed that considered each refinery's compliance options accounting for technical, strategic, market, and economic factors, and then estimated a likely response based on this information.
PRISM Data or Analysis , Pricing , Product Quality , Project Feasibility
Ultrafines Study
Provided an analysis of the economic impact of the presence of ultrafines in a Canadian mined bitumen upgrader operation.  Quantified the capital and operating cost mitigation steps required by a mined bitumen upgrader operation to address the impacts associated with ultrafine solids present in the mined bitumen.  Prepared a written report and presented results.
Product Quality , Project Feasibility
U.S. Gulf Coast Isobutanol Study
Evaluated the gasoline blending economics for isobutanol versus ethanol for a U.S. Gulf Coast refinery. Calculated the value difference between isobutanol and ethanol in a low vapor pressure conventional gasoline.
PRISM Data or Analysis , Pricing , Product Quality , Project Feasibility
Refinery Integration Study
Undertook a comprehensive study of the local Venezuelan refining industry to identify potential areas of synergy between individual refineries and the possibility of closer cooperation to maximize overall industry profitability.
Pricing , Project Feasibility
Refinery Feasibility
On behalf of a major Indian industrial organization, prepared a feasibility assessment for a world-scale "grassroots" refinery on the western coast of India.  The refinery started up in 1999.
Pricing , Project Feasibility
Refinery Feasibility Study
On behalf of a financial institution considering the financing of a "grassroots" refinery project, prepared a detailed feasibility study for the refinery.  The proposed facility was to be based outside of Phoenix, Arizona, where it was to serve the fast growing Phoenix/Tucson area with new "clean burning" fuels.  Analyzed regional product markets, existing and potential competition, alternate crude oil sources and availability, optimum refinery configuration, and by-product disposition.  Attended meetings with potential crude suppliers and product customers.  Feasibility study was also used in negotiations with equity participants.
Pricing , Project Feasibility
Propylene Production
Studied the feasibility of reconstruction and expansion of a catalytic dehydrogenation plant at a large Gulf Coast refinery for the production of propylene from propane. The study included evaluation of the current technology, development of costs for reconstruction and expansion, estimation of operating costs, and assessments of regional markets for propylene.
Pricing , Project Feasibility
Refinery Crude Oil Supply
Identified and evaluated feedstocks for a proposed new refinery in eastern Russia. Assessment included contacting potential suppliers and shippers.
Pricing , Project Feasibility
Refinery Reactivation and Upgrading
Worked on behalf of a major investment banking group to evaluate the plans of an independent refiner to upgrade and reactivate its 200,000 barrels per day refinery.  Conducted "due diligence" on the company's plans and specifications, evaluated likely economics, and assessed competitive forces in the marketplace.  Upon closing of the financial transaction, monitored the construction progress, schedule, and budget over a period of four years.  Reviewed all invoices for labor and materials and approved draw down of construction funds in accordance with the contractual agreements.
EPC-related , Project Feasibility
Valuation of Refineries
Performed valuation of three Russian mini refineries located in Western Siberia.  Work involved market analysis for crude oil and products, logistics infrastructure, refinery configuration and yield, and construction costs.
Pricing , Project Feasibility
Refinery Construction Dispute
Assisted law firm representing Russian refiner in dispute with U.S. engineering firm that provided a refinery for a location in Russia.  Ascertained construction status of units and reviewed issues in dispute regarding design basis, scope of work, and costs for a modular refinery constructed in the U.S.
EPC-related , Pricing , Project Feasibility
Products Terminal Feasibility Study
Prepared feasibility study and cost estimate to modernize and increase throughput capacity of a petroleum products terminal on the Black Sea.
Project Feasibility
Refinery Feasibility Study
Directed a feasibility study into a joint venture "grassroots" export refinery in the People's Republic of China. Advised the Western partner during several "rounds" of negotiation with the Chinese partner over a period of two years. Prepared estimates of anticipated rates-of-return for both parties under different economic and cost-sharing scenarios. Assisted in negotiations with local tax and regulatory authorities. Project was shelved following Gulf War.
Pricing , Project Feasibility
Refinery Feasibility Study
On behalf of a crude oil transportation company in Western Australia, investigated the feasibility of establishing a small refinery to process local crude production. Evaluated the technical and economic considerations involved in a range of alternative projects to refine crude oil and market products to local industries and other consumers throughout the region. Conducted negotiations with crude oil suppliers and commercial customers. Project was eventually terminated due to inability to obtain satisfactory financing.
Crude Oil Valuation , Pricing , Product Quality , Project Feasibility
Refinery Feasibility Studies
Assisted an engineering and construction firm in preparing feasibility studies for two projects in Russia.  One of the projects was a new "grassroots" refinery project, and the other project was to build a new FCC gasoline complex in an existing refinery.  Work included modeling of refinery operations and yields, analysis of feedstock and products markets, and evaluation of project economics.
Pricing , Project Feasibility
World Scale Alumina Refinery - Independent Engineer
Teamed with a mining consulting firm to provide independent engineering support to lenders of a world-scale, multi-billion dollar grassroots alumina refinery to be located in Guinea, West Africa. Reviewed project execution plan and entire design package for the proposed facility, including alumina refinery, power plant, import/export facilities, and all associated infrastructure. Prepared several interim reports during the initial engineering phase before project was abandoned due to political unrest within the country.
Project Feasibility
Feasibility Assessment
Developed a feasibility study for a large, potentially stranded, natural gas discovery. Constructed an economic model to evaluate potential options for gas monetization, including pipeline natural gas sales, gas-to-liquids (GTL), and liquefaction (LNG). Performed market assessments for the LNG and GTL products.
Gas to Liquids , LNG , Pricing , Project Feasibility
Refinery Off-Gas Recovery Project
Provided independent assessment and  due diligence for a proposed refinery offgas treating facility in the USGC.  Advised the client on requirements related to schedule, documentation, and technology selection for project financing.
Project Feasibility
Review Refinery Feasibility Study
Conducted a detailed review of a feasibility study to construct a new refinery (oil sands feedstock) in Canada.  Reviewed capital costs, crude oil and product pricing assumptions, and several other key inputs that were used in an integrated financial model.
Pricing , Project Feasibility
Offshore Oil Lease Development Dispute
Provided an assessment and expert report that determined estimates of the economic value for an undeveloped oil block in offshore Sierra Leone.  The analysis synthesized an FPSO development approach and various scenarios of reserve volumes, development timelines, and oil prices to arrive at an indicative value for lease development.
Offshore , Pricing , Project Feasibility
Isobutanol White Paper
Evaluated the economic impact of blending isobutanol in place of ethanol for finished gasoline in various U.S. markets. Also evaluated isobutanol as a substitute for purchased alkylate in gasoline blending. Determined the highest value options for blending isobutanol into gasoline. Summarized the results in a White Paper style report.
Pricing , Project Feasibility
Monterey Shale Oil Study
On behalf of a California refiner, reviewed the potential for production of Monterey shale crude oil in the San Joaquin Valley and the accessibility of this crude to the client's refining system.
Crude Oil Valuation , Pricing , Product Quality , Project Feasibility
Market Study for Crude Oil Rail Unloading Terminal
Provided an update to a previous report on U.S. light crude oil supply/demand and implications for a new crude oil unloading terminal in a large refining center on the USGC. Supplemented the report with an analysis of heavy crude oil rail transport opportunities.
Pricing , Project Feasibility
Refinery Venture Development
Performed economic evaluation and developed comprehensive financial models for a West Coast refinery restart and upgrade program.  The engagement included market analysis, evaluation of investment options, and support of project financing efforts.
Pricing , Project Feasibility
Reformulated Gasoline Study
Provided a large independent Southern California refiner an assessment of their existing processing equipment, outside feedstocks to be purchased, and new capital investment necessary to produce reformulated gasoline for consumption in the most regulated gasoline market in the world.
Physical Asset Appraisal , Product Quality , Project Feasibility
Reorganization of Crude Oil Trading Business
Analyzed crude trading business for potential reorganization.
Project Feasibility , Waterborne/Marine
Review of Power Development Projects
Evaluated the economic value of five interim power projects in various stages of development for an international power project developer.
Project Feasibility
LNG Project Development
Commercial responsibility for the upstream development of a number of non-operated gas fields associated with a world-scale LNG project.  Involved in numerous gas purchase and sale agreements associated with managing the project’s upstream gas portfolio ahead of first LNG in 2015.
LNG , Pricing , Project Feasibility
Project Management
Executed several mid-to-large pipeline and facility projects in multiple international locations, overcoming challenging cultural and language differences.  Performed feasibility studies, detailed design, procurement, construction, inspection, hydrotesting, risk assessments, and pipeline integrity.
EPC-related , LNG , Offshore , Pipeline , Project Feasibility
Plastics Recycling Feasibility Study
Evaluated a small German refinery for potential conversion to a plastics recycling plant. Assessed technology, retrofit requirements, operating costs, and logistics. Presented economics, capital investment plan, and likely subsidy requirements to the board of directors.
Operations/Maintenance , Project Feasibility
Refinery Feasibility and Economics Study
Conducted an economic feasibility study for a proposed refinery in Central America. The study evaluated indigenous crude oil supply and imported crude oil, as well as expected product netback prices compared to the status quo of imports.
Pricing , Project Feasibility
Owner's Engineer for New Refinery Project
Reviewed key project assumptions and provided guidance on various aspects of project development, including: transportation infrastructure; refinery design basis; EPC strategy and contract; refined product markets and pricing basis; crude oil sources, quality, and pricing assumptions; project financial model and economics.
Commercial Terms Review , Pricing , Project Feasibility
Used Refinery Relocation
Conducted an initial review to identify the status of a proposed refinery project (North Africa) and comment on the potential to utilize the surplus process equipment from a U.S. refinery that had been shut down.
Project Feasibility
GTL Jet Fuel Scoping Study
On behalf of a major airline, assessed the risks and benefits involved in entering into either a jet fuel off-take agreement, or participating in project ownership. The assessment, for a number of small-scale GTL technology providers, covered the following topics: state of technology development; technical risks for project completion; likely capital costs, yields, and operating costs; market price analysis for crude oil and natural gas; and economic sensitivity analyses.
Project Feasibility
Oil Sands Technology Review
Examined a new oil sands technology for bitumen extraction to identify potential flaws and areas of risk prior to commercialization. Observed performance of and assessed sufficiency of development unit to demonstrate viability and reliability of commercial operations.
Intellectual Property , Product Quality , Project Feasibility
Refinery Feasibility Study
Evaluated the economic feasibility for constructing a new grassroots refinery in the U.S. Mid-Continent. Developed a forecast for the feedstock and product prices. Utilized preliminary process design data to construct an economic model for two different refinery configurations. Identified the major variables which impacted the refinery economics.
PRISM Data or Analysis , Project Feasibility
Crude Oil Storage Study
Supported various feasibility studies related to development of a crude oil storage project on the U.S. Gulf Coast.  Activities included a survey of Houston and Port Arthur-area crude oil storage costs, an assessment of medium term lease rates, and an evaluation of days of crude oil storage, both historically and projected, given the changing crude oil flow dynamics from the Eagle Ford and Permian regions.
Project Feasibility
Condensate Splitter Due Diligence
Conducted asset due diligence activities:  inspected facility under construction; provided market incentives, operating costs, risk overview, and staffing recommendations for successful acquisition of condensate splitter and associated logistics. 
Crude Oil Valuation , Operations/Maintenance , Project Feasibility
GTL Screening Model
Developed a gas-to-liquids project screening model for potential North American sites.
Gas to Liquids , Project Feasibility
Asphalt Refinery Due Diligence
Performed due diligence on behalf of a financial institution for funding the startup of an idle asphalt refinery.  Advised client on technical issues related to running black/yellow (Uinta) wax crude in the asphalt refinery.  Work included evaluation of the condition of the process units and infrastructure, assays of feedstocks, analysis of yields, and evaluation of process bottlenecks. 
Operations/Maintenance , Project Feasibility
New Refinery Fatal Flaw Analysis
Provided an initial assessment to a local government body regarding the development of a 20,000 B/D refinery in North America.  Interviewed the project team and reviewed project documents and identified potential concerns for the project progressing as envisioned.  Prepared a written report of the key findings and concerns.
Project Feasibility
Condensate Splitter Due Diligence
Conducted asset due diligence activities:  (1) inspected facility under construction; (2) provided market incentives; (3) operating costs; (4) risk overview; and (5) staffing recommendations for successful acquisition of condensate splitter and associated logistics.
Operations/Maintenance , Pricing , Project Feasibility
Condensate Splitter Market Study
Developed market study and economics for a "grassroots" Eagle Ford condensate splitter located in Corpus Christi.  Evaluated alternate locations and presented to CEO and management.  
Crude Oil Valuation , Pricing , Project Feasibility
Nitroparaffin Manufacturing Evaluation
Evaluated technology and patents related to the production of nitroparaffins.
Project Feasibility
GTL Technology Assessment
Assisted company in evaluating a larger equity investment in a GTL technology company by visiting the prototype unit, reviewing process data, and assessing the potential market.
Project Feasibility
GTL Commercialization Study
Performed due diligence on a new GTL process to evaluate possible routes to commercialization.  The work program included the following steps:  (1) verification of mass balance; (2) comparison of laboratory and pilot plant yields; (3) evaluation of alternative technologies; (4) assessment of scale-up issues; (5) review of preliminary commercial design; (6) estimate of capital costs; and (7) the development of an economic model that included sensitivity analyses for capital costs, yields and prices.
Project Feasibility
Refinery Feasibility Study
Prepared a feasibility study for a client considering a greenfield refinery investment.  Developed a price forecast and expected product netback prices and crude oil costs.  Calculated the cash flow, NPV, and IRR for the project.  Evaluated a crude oil railcar loading facility option for the refinery.
Project Feasibility
LNG Technical Advisor
Provided technical support regarding the FERC filing process, reviewed FEED study deliverables from contractors, and advised with regard to other contracts in support of the project, including geotechnical issues, noise survey, vapor dispersion, etc.  Also reviewed progression and risks involved in estimates of project CAPEX and OPEX.  
EPC-related , Project Feasibility
Fertilizer Complex Economic Model
Constructed an economic model to analyze the financial performance of a fertilizer complex that produced ammonia and other nitrogen chemicals.  Evaluated expected operations and financial performance subsequent to the completion of an ongoing capital expansion project.  
EPC-related , Operations/Maintenance , Project Feasibility
Crude Oil Storage Support
Surveyed industry sources to develop an estimate of the current crude oil storage costs in the Texas Gulf Coast area.  Developed an estimate of the current crude oil storage capacity and petroleum refinery capacity in the Houston area.
Project Feasibility
LPG Terminal
Lenders' Engineer review for development of an LPG terminal consisting of LPG tankage, gasoil tankage, loading facilities, and associated pipelines and equipment.  The facilities were planned to accommodate annual throughput volumes of 1,150,000 tons of LPG and 940,000 tons of gasoil, with minimum guaranteed volumes of 700,000 tons of LPG and 600,000 tons of gasoil with planned future facilities for increased throughput volumes, bunkering operations, and third-party storage.
EPC-related , Project Feasibility , Waterborne/Marine
Refinery Design Review
Grassroots refinery was to be a modular-fabrication with an on-site assembly on a greenfield site in North East Africa.  Due to the characteristics of the crude oil (heavy, waxy and high naphthenic acid content), process design included Visbreaker-type technology.  An evaluation was made of the process design and the project economics. 
Physical Asset Appraisal , Pipeline , Product Quality , Project Feasibility
GTL Technology Assessment
Provided a fatal flaw analysis, evaluated the technology application and integration, reviewed the cost estimate accuracy range, and assessed the financial model for a natural gas to wax proposed project.  Particular emphasis was placed on the ability to scale-up the process, the assumptions for plant capacity and availability, and the project schedule.
EPC-related , Intellectual Property , Operations/Maintenance , Project Feasibility
Refinery Economic Study
Evaluated various strategic options for a small Rockies area refinery, including an evaluation of a new diesel hydrotreater, refinery crude and product slate optimization, operating cost evaluation, and exit strategy and shutdown costs.  Refinery was shut down due to the small refinery ULSD exemption that was expiring.  Client wanted to evaluate the impact on the competitiveness of the refinery of adding a new diesel hydrotreating unit.
Physical Asset Appraisal , Project Feasibility
Transmix Facility Due Diligence
Completed technical, financial, and operational due diligence analysis on behalf of lenders for an existing transmix processing facility and associated terminal.  Tasks included inspection of facilities, assessment of competitive market position, and an evaluation of a new hydrotreater project for ULSD production.
Commercial Terms Review , Operations/Maintenance , Physical Asset Appraisal , Project Feasibility
Project Feasibility - LNG
On behalf of the major oil company project sponsor, prepared a capital cost estimate for a proposed world-scale, “grassroots” liquefaction plant.  The cost estimate was used to evaluate competing Front-End Engineering and Design (FEED) technology packages from engineering, procurement, and construction (EPC) contractor/licensors.  
LNG , Project Feasibility
LNG Due Diligence
Provided technical support to the sponsor of a multi-train liquefaction project.  The scope of work included:  preparation of a technical due diligence report; in-depth review of the Open Book Estimate (OBE), schedule, and project execution plan; assessment of the EPC contractor’s capabilities and experience; high-level review of geotechnical issues; assistance in the development of an Operating and Maintenance (O&M) plan; input into the formation of sponsor’s project management team; and input into the development of owner’s costs, including appropriate levels of cost and schedule contingency.  Provided support to the sponsor with EPC contract negotiations.  
Environmental , LNG , Operations/Maintenance , Pipeline , Project Feasibility
Ammonia Plant Project Finance
Served as independent engineer on behalf of the financial advisor for the construction of a new small-scale biomass to nitrogen fertilizers complex.  Prepared a technology assessment, analyzed feedstock supply, reviewed contracts, reviewed site and infrastructure considerations, and advised with negotiation of contracts.  
Commercial Terms Review , Environmental , Fertilizers , Gasification , Intellectual Property , Project Feasibility