Dundas provides specialist services in subsurface disciplines, petroleum economics, economics training, development engineering, project framing and business process 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
Review of economic impact of CO2 EOR in the North Sea, study carried out in collaboration with Heriot Watt University and Element Energy. - Scottish Enterprise
At Dundas, we believe that opportunities to unlock additional value from E&P projects often lie at the interfaces between the subsurface, engineering and commercial functions. The Dundas team has considerable experience of Process Engineering and Petroleum Economics: both roles are associated with coordination and integration of input from disciplines across the EP business. This positions Dundas ideally for supporting Development Engineering teams and for helping to identify, quantify and liberate value for our customers at the Appraise, 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.
The Dundas technical specialists ensure that petroleum 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 extensive Petroleum 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:
Petroleum economics training empowers oil and gas professionals and lets them engage with decision makers using their language. Dundas offers petroleum economics training programmes specifically tailored for individual disciplines:
|Introduction to Petroleum Economics, 2 days||Aberdeen||Jan 23rd/24th|
|Introduction to Petroleum Economics, 2 days||London||Feb 20th/21st|
|Intermediate Level Petroleum Economics, 2 days||Houston||March 6th/7th|
|Advanced Petroleum Economics, Risk and Uncertainty||Dubai||April 10th/11th|
|Introduction to Petroleum Economics, 2 days||Singapore||May 8th/9th|
|Introduction to Petroleum Economics, 2 days||Rio||June 5th/6th|
|Intermediate Level Petroleum Economics, 2 days||Lagos||June 12th/13th|
|Advanced Petroleum Economics, Risk and Uncertainty||Moscow||June 26th/27th|
Dundas has developed petroleum economics training that is specifically tailored to discipline requirements. The discipline specific training is built from a large library of training course modules and worked examples.
Discipline specific petroleum economics training has been designed by Dundas for the following E&P roles:
The following general and advanced training courses are available
Dundas can work with you to design a course to meet your specific needs from an extensive range of modules and a library of worked examples. From group programmes to one-to-one coaching for key individuals, Dundas has the flexibility to deliver.
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' E&P experience combining senior technical work, management and petroleum 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 Petroleum 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 email@example.com.
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