Dundas provides specialist services in project economics, project management, engineering, training, well engineering and subsurface support. 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 has deep knowledge and insight on the North Sea oil industry, and applying this to new concepts such as CO2-enhanced oil recovery. We would be pleased to work with them again in future projects - Element Energy
Dundas coupled reservoir performance type-curves with a Simplex optimisation algorithm to solve the complex production optimisation problem on the ETAP cluster. - BP Exploration & Production
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.
|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.
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:
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 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.
|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|
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 email@example.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 subsurface team delivers focussed geoscience, petrophysics and reservoir engineering advice and expertise. Integration with the Development Engineering and Petroleum Economics arms of Dundas ensures delivery of practical solutions that maximise business returns.
Dundas adds value for its customers in the following areas:
Dundas offers independent, expert advice and solutions from offices based at the heart of the UK’s oil and gas industry. A new and growing company, we respond in a flexible manner to client requirements, and attract professionals 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.
|Project||Opportunity Framing||Economics||Development Engineering||Late Life & Decom||Subsurface & Drilling||Integrated System Modelling|
|Centrica, A-Fields Late Life Strategy|
|OGUK, Risk Allocation in Decommissioning Contracts|
|ConocoPhilips, Teesside Terminal Late Life Strategy Review|
|TAQA, Pelican Petrology and Mineralogy|
|Appraise Phase Field Development Studies|
|Talisman, Godwin ERD Drilling and Completion|
|Talisman, Claymore Water Injection Projects|
|OGUK, Northern North Sea Rejuvenation|
|Spectrum ASA, Impact of E&P Business on the Economy of Spain|
|BP, ETAP Production Optimisation|
|Talisman, Development of Economics Screening Tool|
|Total E&P, North Alwyn Secondary Power Generation|
|Talisman, Tartan Redevelopment|
|Talisman, Ross & Blake Life Extension (Appraise)|
|Scottish Enterprise, Economic Impacts of CO2 Enhanced Oil Recovery in the North Sea|
“Dundas has deep knowledge and insight on the North Sea oil industry, and applying this to new concepts such as CO2-enhanced oil recovery. We would be pleased to work with them again in future projects”
Energy Consultant, Element Energy
“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
Richard has 26 years' experience combining senior technical work, management and project economics roles. With an honours degree in Chemical Engineering, Richard worked in oil and gas engineering consultancy before moving to an engineering position within Shell UK. After four years' as a Senior Engineer, Richard became a Project Economist, eventually leading the economics team for Operated Assets, Europe. Richard then moved back into a senior role within a leading oil and gas consultancy before setting up Dundas.
Alan has over 35 years' of relevant experience. After completing a PhD in Chemical Engineering, Alan worked for a leading engineering software company before moving to oil and gas consulting, and Aberdeen, in 1998. Since then, he has worked in engineering consultancy with a focus on integrated asset modelling, value assessment and opportunity appraisal. From 2007, Alan has also worked on a number of carbon sequestration and enhanced oil recovery projects, particularly the Marathon Oil/Scottish Power Longannet project as Lead Commercial Analyst for Marathon Oil.
Grahame is a reservoir engineer with over 35 years' subsurface experience covering early appraisal to late-life field management. He has worked on clastic and carbonate reservoirs in Europe, the Middle East and Latin America. His experience ranges from primary depletion to tertiary recovery, and encompasses Carbon Capture and Storage and CO2 EOR. He has managed multi-disciplinary teams and led industrial/ academic consortia comprising a few to ~100 members.
Andy is a Chartered Engineer (CEng MIMMM) with over 25 years’ experience in Well Construction and Operations in the UK, Europe and the US.
He joined Dundas from Dart Energy, where he was Drilling Manager. Prior to that Andy worked for Chevron as Drilling Superintendent, managing concurrent well operations in the UK & Netherlands, as well as project managing complex subsea recovery operations. Previously in his career he has worked for Maersk as Senior Drilling Engineer and Health and Safety Executive as a Wells Specialist Inspector.
He has also held roles as Subsea Wells Technical Authority and Well Examiner.
Andy has experience in offshore and onshore drilling, completion and well servicing, ERD wells, HPHT, multilaterals as well as creating Drilling SMS and rig contracting strategies.
7 Queens Gardens
T: +44(0)1224 619 205
F: +44(0)1224 626 227
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 firstname.lastname@example.org.
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