Ryder Scott Company Petroleum Consultants December-February 1999, Vol. 1, No. 2, Story 9

Newsletter

Ryder Scott assisted by experts in CIS

Since 1992, Ryder Scott has relied upon a Moscow-based company to assist in reservoir evaluations of fields in the Commonwealth of Independent States.

Russian Petroleum Consultants Corp./RPC Overseas Inc. (RPC), under the direction of Ryder Scott, assists in gathering data and performing geological and reservoir-engineering evaluations. RPC has 10 engineers and geoscientists with either PhD or masters degrees from Russian universities and their region-specific experience ranges from 10 to 35 years.

"They have quite an understanding of the geology and performance issues in wide-ranging areas of the CIS," said Douglas McBride, a Ryder Scott vice president and engineer who specializes in evaluating CIS reservoirs.

The CIS spans Asia across 11 time zones with a multitude of different geological basins and reservoir types with which RPC is familiar.

"This is where RPC’s expertise is so valuable," said McBride. "They perform a top-rate professional service priced somewhat below what a Western firm would charge. That translates into a savings that we pass on to our clients."

Working with a local firm has significantly reduced data-gathering costs in the CIS by eliminating the high costs of travel and other expenses typically billed to clients. Ryder Scott and RPC have worked together on almost 50 engineering projects in the CIS during more than six years, completing projects for Yukos Oil Co., Sidanco, Nobel Oil, European Bank for Reconstruction, EximBank, Hungarian Finance and Trade and other E&P companies and financial institutions.

The business connections cultivated by RPC have resulted in smoother, more efficient working relationships between Ryder Scott and the various parties in the CIS, McBride said. "They speak the Russian language and understand the Soviet system and local operating conditions which helps immensely," remarked McBride, who has studied the Russian language.

RPC exclusively refers companies to Ryder Scott that are seeking an internationally recognized engineering company to prepare independent reserves certifications to be presented to Western financial institutions. Ryder Scott similarly refers companies to RPC that require feasibility, field-development and other studies prepared in accordance with the regulations of the Russian Federation.

RPC, with offices in Houston and Moscow, also develops software and provides management services. RPC Overseas is licensed by the state of Russia. McBride can be contacted at 713-651-9191, ext. 214 or at his e-mail Doug_McBride@RyderScott.com.

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