Unitisation and Redetermination

Boring, searching for and obtaining what is buried underground can be a very challenging activity for even the most accomplished of companies, as sub-surface strata can only be very vaguely defined, and the challenges within such numerous and unique. In circumstances where the act of obtaining valuable resources can be problematic and very trying as a matter of course, the questions of where the resource is, how much of it there is, and who exactly has the right to obtain it are absolutely critical events which simply cannot be ignored. It's a fact within any sort of project that Unitisation and Redetermination Expert Witness services are crucial in it's field life.

Within the equity process, excellence in technical evaluations, proper understanding of procedure, excellent time management and utterly critical evaluation of points of argument all contribute directly to success, and you’ll want an expert service which has proven itself when it comes to equity work.

London-based ERC Equipoise can offer an excellent track record with equity disputes, having had a firm foothold in over 30 disputes spanning from 1982 to the present day. Their involvement in these disputes has not been small or even close to meager- throughout these disputes their expertise in this field has ensured that they have been selected as either Expert or as an advisory to one of the parties in dispute over a certain resource.

Their relevance in this field is further cemented by the fact that since 2010, ERC Equipoise have acted as Expert for major field redeterminations within the North Sea.

Their expertise in this field has meant that they have also provided expert support in a multitude of continents in matters of unitisation and redetermination proceedings- such as South America, Africa, Eastern Europe and Canada. Furthermore, they have provided evidence in regard to subsurface uncertainty of major African offshore assets, at special hearings which deal with equity disputes.

Overall, underground assets are highly sought-after, and you’ll likely need a major player in order to provide unitisation and equity redetermination services to highly pressurised environment of ownership uncertainty. ERC Equipoise provide and implement Expert advice on industry best practise, and have experience of equity negotiations on a global scale.