Geostream Assets Managment

Geostream Assets Management

Основные направления деятельности компании научные исследования и инжиниринг в нефтегазовой области:

- аудит запасов и технико-экономическая оценка эффективности инвестиций в нефтедобычу;
- мониторинг разработки нефтяных, газовых и газоконденсатных проектов;
- повышение нефтеотдачи пластов при разработке месторождений;
- комплексные решения для разработки месторождений углеводородного сырья.

About the Company

The Company’s Mission

Providing for high-quality and comprehensive solutions in the field of petroleum business audit and monitoring of oil and gas production projects.

The Company’s Purpose

Achievement of leading positions and significant expansion of market niche in the territory of the Russian Federation and the Customs Union republics.

The Company’s Competitive Advantages и

Wide range of high-quality services.
Comprehensive approach to problem solution.
Unification of standards.
Knowledge of Russian and Western technologies (work in accordance with the standards of RF State Committee for Hydrocarbon Reserves and SPE-PRMS).
Work quality control in accordance with international standards.
Professional management with extensive experience.
Work performance guarantees.
Transparent pricing scheme.
Excellent business reputation of the Company’s specialists at the service market.

The Company’s Structure

Oil and Gas Reserve Audit Department

Key Activities

Seismic data interpretation;
Seismic data analysis;
Interpretation of field well log and test data, including on complex reservoir rocks (fractured, vuggy, dual environment, etc.);
Geological modeling of unconventional reservoir rocks and complex objects, including conceptual modeling;
Building 3D digital geological models;
Oil and gas reserve audit

Key Competences

12 lead experts;
Work experience in petroleum projects;
Work experience with Russian and foreign companies;
Field well log and test data analysis with the use of the Prizm (Landmark) and GeoOffice Solver (Tvergeophysics) software packages, compilation of log montages with the use of the GeoOffice Solver geophysical program;
Log data analysis with the use of the GeoOffice Solver geophysical program;
Integrated interpretation of 2D and 3D seismic data with the use of the Geoplat Pro-S software package;
Building geological models with the use of the Petrel (Schlumberger), IRAP RMS (ROXAR) and Geoplat Pro-G (GPD) software packages

Oil and Gas Field Development Monitoring Department

Key Activities

Analysis of pressure-transient and field well log and test data;
Analysis of field development;
Building 3D simulation field models;
Calculation of field performance parameters;
Preparation of technological documents for field development;
Process designing and creation of enhanced oil recovery projects for high-viscosity oil reservoirs (wet in-situ combustion, thermal injection, polymer flooding);
Engineering support for remaining hydrocarbon reserve development (development analysis, study program, location of remaining reserves, enhanced oil recovery based on 3D modeling);
Audit of recoverable reserves and feasibility assessment of oil and gas production investment efficiency;
Reserve audit in accordance with SPE-PRMS and SEC.

Key Competences

10 lead experts;
Work experience in petroleum projects;
Work experience with Russian and foreign companies;
Building simulation models with the use of the Eclipse (Schlumberger) and TEMPEST MORE (ROXAR) software packages.

The Company’s History

Limited Liability Company “GeoStream Assets Management” (GAM) was founded in July 2006. The Company’s founders include a group of highly-qualified petroleum specialists.

1989

A group of feasibility justifications of investments in the RF petroleum industry is set up in the first Soviet-American JV “MD-SEIS”.

1991

“MD-SEIS Consulting” is registered. “MD-SEIS Consulting” starts to receive first assignments from Russian and foreign companies for feasibility assessment for creation of joint ventures. “MD-SEIS Consulting” participates in setting up CJSC “ENCONCO” on the basis of Reservoir Engineering Department, NizhnevartovskNIPIneft Design and Research Institute, Nizhnevartovsk, for engineering and designing projects. Work is performed under assignments of Nizhnevartovskneftegaz, Megionneftegaz, Varyeganneftegaz Associations.

1994

CJSC “ENCONCO” and “MD-SEIS Consulting” receive orders for engineering and designing work from major Russian and international petroleum companies (LUKOIL, YUKOS, Calgary Overseas, CONOCO, BRIDAS, SOCO, AGIP). Ex-VNIIneft (All-Russia Oil and Gas Research Institute) and ex-VNIIOENG (All-Russia Oil Industry Organization, Management and Economics Research Institute) specialists join the Company.

1997

CJSC “ENCONCO” is re-registered in Moscow as a private independent company. “MD-SEIS Consulting” specialists move to CJSC “ENCONCO”. The Company’s successfully growth continues. The Company’s clients include ExxonMobil, SHELL, TNK, ВР, etc.

2000

Based on CJSC “ENCONCO”, “Geostream Services Group”, an independent engineering and consulting group of companies, is set up.

2005

LLC “Geostream Services Group” becomes an integrated service company. As part of the Company, “Geostream Drilling” drilling company and “Geostrem Assets Management” were set up for oil and gas reserve audit and field development monitoring.

2008

Key Energy Services Inc., a major US corporation with about US$2 bln. annual turnover and over 150 affiliates specialized in well services, headquartered in Houston, TX, becomes a LLC “Geostream Services Group” shareholder.

2013

Key Energy Services Inc. completely acquires LLC “Geostream Services Group”. The Company’s management and CJSC “ENCONCO” team quits LLC “Geostream Services Group”.

2015

LLC “Geostream Assets Management” (GAM) starts activities. Ex-LLC “Oil Services Group” and ex-CJSC “ENCONCO” specialists join the Company. Long-term contracts are executed between LLC “Tekhneftinvest”, LLC “Central Geological Company” and GAM for field development support. A number of contracts are executed between PJSC “Sberbank of Russia” and GAM for feasibility assessments of investments in petroleum industry for its clients.

Projects

The Company’s Last 1.5 Years Major Projects

“Peer Review of Consistency of Oil Production Volumes, Capital Investments and Operating Expenses for Oil Production by Field, OJSC “Oil Company “Neftisa” and LLC “OC “Samara”;
“Peer Review of Oil Reserves and Forecast of Feasibility Parameters of Field Development, CJSC “Kolvaneft” (Yuzhno-Oshskoye and Severo-Yutymskoye Fields) and CJSC “Neftus” (Yuzhno-Oshskoye and Osokinskoye Fields)”;
Consulting Services for Field Development Support, LLC “Precaspian Gas Company”;
Independent Oil, Gas and Liquefied Gas Reserves Estimation in Accordance with SPE-PRMS Standards for Four Fields, “Volgogaz” Company. The estimation was accepted by London Stock Exchange;
Consulting Services for Field Development Support, OJSC “Tekhnefinvest”;
Development Analysis and Generation of Optimum Improved Oil Recovery Scenario, D2st, Yuzhno-Oshskoye Field;
Expert and Analytical Assessment of Feasibility Parameters of Oil Field Development, Mogutovsky, Vorontsovsky and Gremyachevsky Licensed Areas;
“Assessment of Commercial Hydrocarbon Reserve Discovery Upsides and Optimum Prospecting Well Locations, Karpensky Licensed Area”;
Analysis of Feasibility Justification of Long-Term Development Plans, Dulisminskoye Oil/Gas/Condensate Field”;
Consulting Services for Field Development Support, LLC “Central Geological Company”;
Support for Work Related to Further Exploration, Development and Infrastructure Construction for Fields, JSC “Forteinvest”, at PJSC “Sberbank” assignment;
Support for Work Related to Further Exploration, Development and Infrastructure Construction for Fields, LLC “Sladkovo-Zarechnoye”, at PJSC “Sberbank” assignment;
“Analysis of Technical Justification of Mid-Term Plans for Oil Production by Field, JSC “Pecheraneftegaz”.

The Customers’ Feedback (in Russian)

Oil Company “Neftisa”

АО JSC “Forteinvest”

Baring Vostok Capital Partners

LLC “Central Geological Company”

ЗАО “Volgogaz”

Quality, certification and service safety

The Company employs the job quality management system providing for arrangement and effective management of performance of work, services, as well as company management. Creation of favorable and safe working conditions, personnel’s health and work capacity preservation, as well as performance of a set of measures for environmental protection are the key principles of the Company’s activity. LLC “Geostream Assets Management” strictly adheres to the requirements for safety and environmental protection of the Russian Federation laws and sticks to the requirements of ISO 14000 and OHSAS 18001 international standards. The management policy is focused on involvement of employees of all levels, so that safety culture and quality provision becomes an integral part of an employee’s day-to-day behavior at work and home.