Location
UK
Type of Service
Audit, Due Diligence, HSE, Project Selection, Cost Estimate and Peer Review
Statement of Relevance
10 billion cubic feet underground gas storage facility for Star Energy at Humbly Grove in Hampshire, built as an extension to an existing on-shore oil production plant. The store operates by taking natural gas from the National Grid Gas Transmission System through a 27 km long, 24-inch diameter pipeline to the Humbly Grove oilfield. The gas is then pumped for storage into the reservoirs which are depleted oil wells.
Description of services
Energy and Power was appointed on behalf of the project financiers and the IPO advisors to act as an expert in undertaking a Peer Review study and audit which incorporated an economic viability assessment of the proposed development.
Energy and Power carried out a due diligence review of the Front-End engineering and we completed audits of the incumbent project team, management systems and personnel prior to sanction and contractor commencement of detailed design.
Topics reviewed included injection and export compression capacities, process design, reservoir interfaces, enhanced oil recovery studies, risk analysis, environmental and safety reviews, cost estimating, scope of work definition, power system review, wellhead and wellsite design reviews and a revised project schedule.
Further scope included a reviewing consents and approval status and initiated scoping opinion consultation with the authorities.
