Reserves Audits - AGR TRACS
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Reserves Audits

AGR has extensive experience of providing valuations for private and national oil companies, government organisations, banks and financial institutions.
AGR's TRACS Evaluations service offers reserves audits and certifications prepared in accordance with international standards. We also review and develop reserves reporting guidelines for oil companies and national regulatory bodies.
AGR has the skills and experience to review single assets and complex portfolios. Our multi-disciplinary approach ensures that all technical and commercial aspects of the reserves and resources are fully considered within the audit and conveyed to the client.

Within the framework of our reserves auditing capabilities, we also deliver:
  • Abandonment Security Provisions: we are a DECC approved auditor of abandonment security provisions
  • Reserves progression planning: we can draw up a progression plan specifying operational activities required to progress reserves through the categories of maturity
  • Reserves Certificates - certifying reserves estimates for various purposes
  • Asset Value Assurance™ - technical and commercial review of asset development plans, including development of risk matrices and activity plans.

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