Case Studies

To demonstrate Quest’s consulting capabilities, expertise and experience please examine a selection of case studies based on previous projects completed by Quest’s Consulting Division. Read our case studies today and learn how we can help you.

All Case Studies
Regional Specific Analysis of Increased Access to Oil and Gas Resources
Comprehensive Floating Rig Market Equipment Study
FPS Leasing Cost Benchmarking
Acquisition Target Asset Analysis
Floating Production Unit Replacement Cost Analysis
Multi-Project Component and Total Cost/Reserve Analysis
Analysis of Regulatory Impacts
Contract Dispute Research and Analysis, Expert Witness Service
Comprehensive Investor Briefing Book
Government Required Cost Benefit Analysis
Vessel Analysis and Contract Targeting Study
Analysis of Regulatory Impacts on the Offshore Industry
Forecast Marine Construction Asset Day Rate Model
Testimony before U.S. House Committee
Comprehensive Analysis of Market Opportunities for Niche Player
Project Specific Equipment Cost Outlook
Analysis of Current and Future Subsea Technology Applications
Analysis of Economic Impact of Offshore Industry
Global Market Study for Novel FPS Design
Deepwater Equipment Cost Indices
Newbuild Pipelay/Construction Valuation and Market Study
FPS Fabrication Yard Report

 

Regional Specific Analysis of Increased Access to Oil and Gas Resources
The American Petroleum Institute and The National Ocean Industries Association sponsored the report “The Economic Benefits of Increasing U.S. Access to Offshore Oil and Natural Gas Resources in the Atlantic”, prepared by Quest Offshore. The report highlights the possible impacts of opening the US Atlantic OCS to offshore oil and gas activities while demonstrating the potential oil and gas production, employment, and economic impacts of allowing access to this significant resource base.
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Comprehensive Floating Rig Market Equipment Study
At the request of a key drilling rig equipment supplier, Quest Offshore prepared a report on the long term trends in the floating drilling rig market specifically related to rig mooring and dynamic positioning equipment. The report extrapolated trends in rig construction and utilization both from a rig technology and demand perspective to forecast long term trends in the floating rig market both for new equipment and ongoing services. The report was utilized to allow Quest’s client to focus their long term business strategies in this market segment based on Quest’s data and expertise.

 

FPS Leasing Cost Benchmarking
At the request of a major international operator and its partners who were in the process of contracting a leased FPSO for a new deepwater development, Quest prepared a report on trends in FPSO leasing costs to enable the client to verify FPSO bids received from contractors. Utilizing Quest’s proprietary databases as well as statistical techniques Quest provided the client with a number of day rates based on the projects’ specific requirements, enabling the client to more effectively interface with suppliers and partners.

 

Acquisition Target Asset Analysis
On behalf of a leading independent oil company Quest analyzed a portfolio of producing and undeveloped oil and gas assets to provide an independent assessment of the portfolio to assist the client in considering the acquisition. Quest analyzed key factors such as reserves, productivity, host options and capital development costs for undeveloped projects, and operating costs to provide an accurate assessment of the attractiveness of the portfolio compared to other possible acquisition targets.

 

Floating Production Unit Replacement Cost Analysis
On behalf of an independent operator, their contracted engineering company, and insurance brokers; Quest Offshore completed a replacement cost assessment for an existing floating production system. Taking into account the units specifications, as well as changes in FPS design trends and the FPS fabrication market Quest provided an independent assessment on the likely cost of fabricating a modern FPS unit of equivalent specifications in current market conditions.

 

Multi-Project Component and Total Cost/Reserve Analysis
At the request of an independent operator, Quest’s consulting division prepared a report focusing on projects within a narrow regional and project magnitude in line with the operators’ upcoming developments. The project focused on understanding the relationship between development costs and project reserves/production. Quest identified projects similar in scope to the client’s specifications and provided detailed equipment and installation costs on a project by project basis as well project reserves/production to provide a comprehensive view of per barrel development costs. The report also identified equipment and/or services for individual projects that led to larger than expected variations in per barrel development costs.

 

Analysis of Regulatory Impacts
On behalf of a leading forensic accounting firm, Quest prepared a report quantifying the economic effects of specific government regulatory changes. The report focused specifically on identifiable effects of these changes allowing the firm to accurately calculate the economic damages on specific entities for litigation purposes.

 

Contract Dispute Research and Analysis, Expert Witness Service
On behalf of a major international law firm (in conjunction with their client, a leading offshore contractor), Quest provided expert research and testimony related to a specific contract dispute litigation. The client utilized multiple Quest experts to provide accurate, independent testimony on market conditions related to the declaration of Force Majeure under specific contract conditions.

 

Comprehensive Investor Briefing Book
On behalf of CLSA, one of Asia’s leading independent brokerage and investment groups, Quest Offshore produced a “Blue Book” on the deepwater and subsea markets, “Subsea Acceleration, Fathoming New Technologies”. CLSA U is an exclusive executive-level education program for CLSA’s select top clients. The “Blue Book” is a comprehensive investor briefing on the subsea industry highlighting emerging trends and providing overviews of key companies involved in the sector.
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Government Required Cost Benefit Analysis
On behalf of a major shipyard, Quest Offshore completed a long term cost benefit analysis of a proposed infrastructure improvement as required by U.S. law. The study attempted to quantify the long term effects of this infrastructure improvement and subsequent increases in order flows to the shipyard to meet requirements for federal infrastructure funding. Quest worked with its’ client as well as the relevant authorities to provide the required impact assessment required by the appropriate funding act.

 

Vessel Analysis and Contract Targeting Study
At the request of a marine construction contractor and vessel owner, Quest Offshore prepared a work targeting report for a specific vessel; taking into account the vessel capabilities as well as competitive aspects. This report identified upcoming installation jobs that fit the technical abilities of the vessel as well as the commercial priorities of the owner, and the existing competitive environment.  The report was designed to allow the contractor to focus its business development initiatives and achieve maximum vessel utilization.

 

Analysis of Regulatory Impacts on the Offshore Industry
At the request of the American Petroleum Institute, Quest Offshore prepared the report, “The State of the U.S. Offshore Oil and Gas Industry, an In Depth Study of the State of Industry Investment”. The report identified the impacts of the offshore drilling moratorium on project development and spending by the U.S. offshore oil and gas industry, and also developed multiple cases quantifying possible investment scenarios and the effects of these scenarios.
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Forecast Marine Construction Asset Day Rate Model
On behalf of a major international oil company Quest’s consulting practice developed a marine construction asset day-rate model focused on offshore construction and installation vessels ranging from high end pipe-lay and heavy-lift assets to dive support vessels. In addition to supplying representative day-rates for all vessels covered by the model Quest also provided cost breakdowns for each vessel and market trend forecasting tools to modify rates within an interactive interface.

 

Testimony before U.S. House Committee
At the request of the U.S. House Natural Resources Committee, Quest’s Manager of Consulting Sean Shafer provided testimony to the committee on the effects of the drilling moratorium implemented in the Gulf of Mexico in 2010 as well permitting delays. The testimony centered on the effects felt both by the oil and gas industry directly as well as the effects on oil and gas production, employment, and economic activity in the Gulf Coast and the United States.
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Comprehensive Analysis of Market Opportunities for Niche Player
At the request of a major private equity firm, Quest Offshore provided a comprehensive outlook for a niche player in the offshore fabrication market. The report was focused on the long term business prospects of the contractor, including overall activity levels, region specific activity and activity forecasts for existing business partners.

 

Project Specific Equipment Cost Outlook
On behalf of a major international oil company Quest prepared a detailed forecast of project specific equipment and service costs. The report was tailored to the specifications required by the project and took into account the projected market supply and demand outlook to forecast costs for the major capital equipment required to develop a deepwater project over time.

 

Analysis of Current and Future Subsea Technology Applications
At the request of a major international oil company Quest prepared a report on emerging deepwater technologies including subsea processing, novel pipeline and riser designs and subsea electrification. The report provided a comprehensive overview of these technologies, including each applications track record and expected upkeep as well as identifying operators and contractors leading development of these new technologies.

 

Analysis of Economic Impact of Offshore Industry
At the request of the National Ocean Industries Association and the American Petroleum Institute Quest Offshore prepared the report, “United States Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis, The Economic Impacts of GOM Oil and Natural Gas Development on the U.S. Economy”. This report quantified the economic and employment impacts of the Gulf of Mexico offshore oil and gas industry on the U.S. as well as individual states, while emphasizing the important role spending by the industry plays in national economic activity.
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Global Market Study for Novel FPS Design
On behalf of an engineering/FPS contractor who had developed a novel FPS design Quest Offshore completed a study focused on identifying both the technical and commercial benefits of the FPS design as well as providing a market outlook for deployment of the floater. Using inputs ranging from first hand interviews with market participants to project data, Quest provided the company and its investor with data driven analysis to allow them to tailor their business development strategies.

 

Deepwater Equipment Cost Indices
At the request of a major international oil company Quest prepared ongoing reporting on trends in subsea equipment costs, including historical and forecast cost indices based on inputs ranging from the market supply and demand balance to materials inputs. The indices were tailored to allow the operator to make informed decisions about equipment order timing and minimize capital spending while cutting lead times and decreasing capital expenditure uncertainty.

 

Newbuild Pipelay/Construction Valuation and Market Study
On behalf of a consortium constructing a marine installation vessel as well as the consortiums investors and insurers Quest prepared an asset valuation and market outlook. Quest provided to the client vessel replacement cost and open market value estimates as well as a customized demand outlook for the vessels services and expected day rate outlook.

 

FPS Fabrication Yard Report
At the request of a Major International oil and gas company Quest prepared a report focused on key FPS shipyards to assist the company in placing contracts for newbuild FPS unit. The report took into account shipyard capabilities, capacities, current order books, and possible orders from other operators that could compete for yard space with the operator’s unit. The report focused on enabling the operator to place the necessary orders for the FPS to minimize costs while ensuring that the overall project development schedule would not be affected.

 

Contact:

Sean Shafer
Manager of Consulting
Sean.Shafer@questoffshore.com
Office: 281.491.5900

Paul Hillegeist
President and COO
Paul.Hillegeist@questoffshore.com
Office: 281.491.5900

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