Dundas provides specialist services in project economics, project management, engineering, training and well engineering. Focussing on the integration of technical expertise with a deep appreciation of business drivers, Dundas delivers a perspective on opportunity value often missing from conventional engineering, scientific, technical or economic analysis.
"Dundas evaluated a complex Enhanced Oil Recovery project value chain for us. The analysis exceeded our expectations" - Talisman
Dundas created a bespoke economics screening tool to be deployed on the desktop of technical professionals and managers. The tool contains asset specific data and is centrally controlled and maintained by the economics and planning team. - Talisman Energy
At Dundas, we believe that opportunities to unlock additional value from projects often lie at the interfaces between the engineering and commercial functions. The Dundas team has considerable experience of Process Engineering and Project Economics: both roles are associated with coordination and integration of input from disciplines across the a business. This positions Dundas ideally for supporting project teams and for helping to identify, quantify and liberate value for our customers at the Asses, Select and Define stages.
Dundas has helped its clients in the following areas:
Dundas specialises in high added value client support delivered by experienced consultants within or leading client teams. We prioritise flexibility and responsiveness.
Dundas offers industry leading training in project management and Decision and Risk Analysis (DRA). Contact us for a bespoke in-house course, or enrol on a multi-client course.
Course Title | Location | Date | Apply |
---|---|---|---|
Excellence in Early Stage Projects, 3 days | Aberdeen | May 23rd - 25th | |
Decision and Risk Analysis, 2 days | London | June 20th/21st | |
Decision Theory, 2 days | Houston | July 6th/7th | |
Excellence in Early Stage Projects, 3 days | Dubai | Aug 10th - 12th | |
Decision and Risk Analysis, 2 days | Singapore | Sep 8th/9th | |
Decision and Risk Analysis, 2 days | Rio | Oct 5th/6th | |
Advanced Decision and Risk Analysis, 2 days | Lagos | Oct 12th/13th | |
Advanced Decision Theory, 2 days | Moscow | Nov 26th/27th |
The Dundas technical specialists ensure that project economics is integral to the work of multidisciplinary project teams, driving the direction of the technical and commercial effort to liberate value.
“"The Dundas team is held in very high regard throughout our organisation"”
Developments Manager, Centrica
Dundas provides peer and value assurance review facilitation to provide guidance to project teams and add value to your opportunities. Our peer reviews are structured to cover the whole project:
Recent examples include:
Decision review boards value the independent recommendations provided by Dundas peer reviews.
Project framing is now used widely as part of E&P project decision quality processes. Dundas has developed a set of workshop tools that can be applied to any project. Our project framing workshops will assist your teams to:
Dundas has participated in, designed and facilitated a large number of opportunity framing workshops. Here is a selection of recent examples:
Dundas helps clients who already implement project framing as part of a decision quality process and those that wish to start.
Dundas has established a track record of providing outstanding commercial and technical advisory services in the areas of late life asset management and decommissioning.
Dundas has delivered over 30 late life and decommissioning studies including:
The theoretical approach to determining cessation of production date and planning decommissioning around that is straightforward. In practice the reality can be complex with constraints such as cash supply imposing boundaries on decision making. Dundas has the experience to advise how to respond.
The Dundas team has worked with its major energy company clients to develop an outstanding training offering focussing on creating value through excellence in early stage projects. The training course is structured into the following themes.
The Dundas team has extensive Project Economics expertise gained in consulting and operating company positions.
Dundas provides the following services for its clients:
Business planning deadlines are uncompromising. Dundas consultants can hit the ground running to help your team to deliver:
Project economics training empowers professionals from a wide range of disciplines and lets them engage with decision makers using their language. Dundas offers project economics training programmes that consistently achieve 90%+ approval ratings.
Course Title | Location | Date | Apply |
---|---|---|---|
Introduction to Project Economics, 2 days | Aberdeen | Jan 23rd/24th | |
Introduction to Petroleum Economics, 2 days | London | Feb 20th/21st | |
Intermediate Level Project Economics, 2 days | Houston | March 6th/7th | |
Advanced Project Economics, Risk and Uncertainty | Dubai | April 10th/11th | |
Introduction to Petroleum Economics, 2 days | Singapore | May 8th/9th | |
Introduction to Project Economics, 2 days | Rio | June 5th/6th | |
Intermediate Level Project Economics, 2 days | Lagos | June 12th/13th | |
The Fundamentals of Project Economics & Risk | London | Sep 15th/16th |
The depth and breadth of Dundas project economics skills and experience is combined with technical qualifications and decades of experience in engineering and project management.
Those working in companies that make capital investments in projects, or that provide services to those companies and wish to have a stronger impact on business performance. The course has previously been completed by professionals working in engineering, management, tax, finance, commercial, sales, marketing and other roles.
The course will introduce you to the economic analysis of capital project investment opportunities in the context of risk and uncertainty, providing you with the knowledge, language and tools to improve your commercial business awareness and to sharpen your focus on value creation. The course will enable you to:
Face to face learning for two days, or live face to face via Microsoft Teams. Prereading is provided. Most topics include worked example tutorials to be completed in Microsoft Excel to fully embed the learning in the topic. Online quizzes are included to make the sessions more interactive and fun.
This course is fully accredited by the Institution of Chemical Engineers
The course will be presented by Richard Woodhouse. Richard holds a degree in Chemical Engineering from Heriot Watt university. He has 26 years’ experience in process industries combining process engineering and project economics roles. Richard spent eight years at Shell where he was the project investment analyst for a number of major assets and capital projects prior to leading a large project economics team providing senior management with decision support for all of the Shell operated assets in Europe. Richard is a Director at Dundas and is very active in project economics and chemical engineering consultancy. Richard has trained over 500 engineers, scientists, managers and other professionals in the subject of project economics and risk analysis. A key focus for Richard is to make the training experience engaging, hands-on, and based on real world project experience. The excellent customer feedback, typically exceeding 90% satisfaction, and resulting in a large volume of repeat business is the main motivation for the continued improvement and delivery of the course.
Simply email us at info@dundasconsultants.com and we'll get you enrolled.
Our optimisation and analysis software uses a proprietary genetic algorithm to generate schedules maximising value, production or the addition of proved reserves. In addition, our tools enable operators to catalogue schedules and quantify the business impact of their decisions.
Major EP companies need to create and maintain a drilling schedule for a large number of drill strings. The objective is to maximise value, production or reserves from limited resources of cash and rigs/crews. The task is complicated by the following factors:
For any significant activity levels, it is impossible to optimise this manually or by inspection. The Dundas tools contain a powerful proprietary optimisation algorithm developed to handle the complex scheduling problem faced in the operation of regional development programmes. The tool may be used to automatically optimise drilling schedules:
The optimiser objective function can be either:
The Dundas schedule optimiser will complement existing schedule planning processes, and currently has the following functionality:
Our tools enable compliance with all of your business constraints, e.g.:
Optimisation of the scheduling of drilling activities can liberate significant value. For example: accelerating a $100m project by four months at the expense of two $25m projects would yield an NPV gain of $1.2m; avoiding a single day of rig idle-time could save, for example, $400,000. A single improvement in scheduling decisions delivers payback on an optimisation project.
The Dundas Wells Group delivers support, advice and expertise to your well planning and operations teams, maximising value through robust planning, contingency and risk evaluation and focussed execution.
Dundas adds value for its clients in the following areas:
Dundas offers independent, expert advice and solutions from experienced energy professionals . We respond in a flexible manner to client requirements, and provide people dedicated to delivery of the highest quality service.
The Dundas Wells Group delivers support, advice and expertise to your well planning and operations teams, maximising value through robust planning, contingency and risk evaluation and focussed execution.
Dundas adds value for its clients in the following areas:
Dundas offers independent, expert advice and solutions from experienced energy professionals . We respond in a flexible manner to client requirements, and provide people dedicated to delivery of the highest quality service.
“"I think of Dundas as being a go-to organisation for engineering and project management support for early stage projects"”
Developments Manager, Talisman
“"Dundas has made an enormous impact on some of our key strategic projects"”
Principal Appraisal Engineer, TAQA
“"The feedback on the Dundas Economics TRaining has been extremely positive"”
Workforce Manager, Global Projects Function, Talisman
“"The Dundas team is held in very high regard throughout our organisation"”
Developments Manager, Centrica
“Dundas Consultants responded quickly to our request to lead a field life extension peer review and provided a high quality and very professional service.”
Technical Team Lead, EnQuest
“"Dundas provided a rapid independent assessment of our contract alternatives and delivered independent assurance on our in-house evaluations"”
Commercial Manager, CNR
7 Queens Gardens
Aberdeen
AB15 4YD
T: +44(0)1224 619 205
F: +44(0)1224 626 227
E: info@dundasconsultants.com
Registered in Scotland: SC 405 086
Dundas is currently hiring Development Engineers, Petroleum Economists, Reservoir Engineers, Petroleum Engineers and Geoscientists. At Dundas you will be part of a winning team and can expect strong support and strong challenge from your colleagues.
If you have a track record of academic and professional excellence, the drive to succeed and the relationship skills required to exceed customer expectations then Dundas would like to hear from you. We can offer rewarding project assignments, city centre working and industry leading remuneration packages. To be considered, please use the contact form below. Alternatively, send your CV to info@dundasconsultants.com.
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