This evaluation quantified the valuation potential of an African oil holdings by benchmarking global M&A transaction data for oil sands and other development-stage fields. ADI analyzed the economic trade-offs between as-is asset sales and value-added farm-out scenarios involving significant drilling investments over a three-year horizon. The findings addressed infrastructure limitations and contingent resource uncertainty within the context of African regional risk premiums.
The client
Private equity firm
The situation
A need to establish defensible valuation estimates for contingent resources to support shareholder investment or farm-out decisions.
ADI’s contributions
Peer transaction benchmarking
Screening of over 1,100 global oil and gas transactions provided a robust dataset of comparable regional and asset-class deals.
Farm-out scenario modeling
Analysis of equity distribution between current shareholders and new investors established clear valuation implications for funding.
Resource-based economics
Commercial valuation included a contingent resource estimate with regional price-per-BOE benchmarks.
Regional risk assessment
Comparisons between African development-stage fields and Canadian oil sands identified appropriate valuation ranges for the asset type.
Key outcomes
Factual basis for negotiating farm-out equity splits and a clear prioritization of high-value acreage for initial drilling.
Client Results
ADI Analytics provided critical, thorough, and perceptive insights on strategic issues at Marathon. An outstanding business partner!
ADI evaluated the global refining and petrochemical spend to determine market entry strategies for specialty maintenance services and equipment. The assessment addressed regional capacity shifts, specifically the transition from European asset closures to massive integrated complexes in Asia and the Middle East. Strategic planning focused on the trade-offs between routine turnaround services and large-scale modernization […]
ADI evaluated the total addressable market and outlook over a 10-year period for AI-driven seismic interpretation amidst a shrinking G&G user pool. The study addressed factors impacting the adoption of OSDU and cloud migration among NOCs, majors, and independent operators. Analysis centered on evaluating the trade-off between model-centric and expert-based AI, and geoscientists’ preference globally. […]
ADI assessed the global drag reducing agents (DRA) market, focusing on heavy crude applications and midstream pipeline infrastructure. The analysis mapped the competitive landscape and technological differentiation between suspension and solution-based DRA chemistries. Regional growth was modeled against pipeline utilization and production forecasts for North America and the Middle East. The client Specialty chemical manufacturer […]
ADI screened over 20 energy transition opportunities to identify growth areas that leverage the client’s existing subsea engineering and offshore logistics capabilities. Opportunity profiling included a deep dive into the fixed and floating offshore wind segments, specifically targeting substructures and dynamic cable systems. The client Offshore engineering provider The situation Client needed to diversify into […]
Assessing the shift from gas lift to Electrical Submersible Pumps (ESPs) required an evaluation of operational excellence trends and downhole tool durability. ADI modeled the transition from banding to clamping in unconventional wells, accounting for rig time costs and the failure risks associated with high-deviation wellbores. The work navigated the trade-offs between lower upfront CAPEX […]
ADI analyzed a global project portfolio and competitor EBITDA margins to identify high-growth plays in the Middle East. The work involved shortlisting 24 segments down to specific opportunities in offshore rig construction and subsea development. Evaluation of entry strategies and joint venture interdependencies helped define a high-level roadmap for regional scale. The client Regional EPC […]
To quantify addressable opportunities for midstream services, ADI modeled capital and operational expenditures across North American gathering, transportation, distribution and storage assets. The study evaluated infrastructure constraints in the Permian and Appalachian basins, specifically addressing how rising maintenance needs on aging infrastructure offset cyclical volatility in new project FIDs. Proprietary spend curves were applied to […]
ADI modeled the global reciprocating compressor market segmented by speed across the oil and gas value chain. The research addressed the impact of LNG carrier fleets availability and shifting marine fuel regulations on boil-off gas handling. Strategic analysis focused on the recurring revenue potential of aftermarket services. The client Private equity firm The situation High […]
ADI Analytics conducted a comprehensive technology assessment of wet gas and multiphase compression systems to help an integrated oil and gas company understand emerging innovations and key players. The client An integrated oil and gas major evaluating wet gas and multiphase compression technologies for potential application in upstream operations. The situation The client wanted to […]
ADI Analytics conducted a technology assessment and market sizing study to support an integrated oil and gas major’s evaluation of a new corrosion monitoring technology. The client An integrated oil and gas major evaluating a new corrosion monitoring technology for oil and gas facilities. The situation The client needed an independent evaluation of the market […]
ADI Analytics conducted a market analysis of seismic study services to support an independent exploration and production (E&P) company’s evaluation of technology options and supply chain cost optimization. The client An independent E&P company evaluating seismic study solutions and sourcing strategies. The situation The client sought to understand the seismic services landscape, evaluate vendor engagement […]
ADI Analytics conducted a comprehensive review of the global oilfield chemicals market to support a venture capital investor’s evaluation of potential investment opportunities. The client A venture capital firm evaluating opportunities in the oilfield chemicals sector. The situation The client needed a detailed market review across multiple oilfield chemical segments to inform its investment thesis, […]
The EPA’s recently finalized Renewable Volume Obligations (RVOs) for 2026–2027 raise Renewable Fuel Standard (RFS) mandates to record levels, marking a step-change in required blending volumes. This shift increases demand across the system and leaves less buffer between required volumes and available supply, tightening overall market conditions. Key dynamics shaping supply requirements: These dynamics suggest […]
The midstream sector in the first half of 2026 is moving at a breakneck pace, driven by a strategic pivot toward “wellhead-to-water” natural gas liquid (NGL) integration, severe high-horsepower compression supply-chain constraints, and a massive power-generation super-cycle spurred by AI data center expansion. Rather than relying on speculative mega-projects, major pipeline operators are maximizing fee-based […]
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