Client: CPC Corportation, Taiwan

Prelude FLNG, Australia: CPC stake

Task

Identify key issues and make technical and commercial recommendations on value of 2mtpa LNG offtake and CPC equity stake in Prelude FLNG

Needs

Client required technical and commercial due diligence of Shell’s ground breaking FLNG project in NW Australia

Actions

Conduct reviews of: 
geology and geophysics;
development plan;
FLNG facilities;
Environmental & safety measures;


Reserves and resources risk assessment;


Full project economic analysis and valuation;


Advise client on realistic range of fair market value;


Advise client on drafting and closing the deal.

Results

CPC REDUCED BID FROM ORIGINAL ESTIMATE; INCREASING CLIENT VALUE

DEAL COMPLETED ON TIME