ADI Analytics supported an African oil and gas company in valuing its upstream assets and developing an informed investment strategy.
The client
An African oil and gas company evaluating upstream asset investment and development options.
The situation
The client needed valuation support and strategic guidance to assess its asset portfolio and determine a viable investment and development approach.
ADI’s contributions
Asset benchmarking
ADI Analytics benchmarked the client’s assets against comparable oil and gas transactions. The analysis focused on deals in Africa and Canada’s oil sands, specifically targeting assets at a similar stage of development.
Valuation
ADI estimated potential valuations for the assets based on comparable transactions. The analysis considered valuations for assets in their current state as well as after further development.
Strategic investment evaluation
ADI evaluated different strategic options for the client, including financing asset development through current shareholders or through a farm-out structure with new investors. The analysis assessed how these different approaches would affect the valuation and the resulting share of that value for the company’s current shareholders.
Key outcomes
- The analysis provided the client with the necessary information to create a solid asset investment and development strategy. This allowed them to understand the potential financial outcomes of different approaches to developing their assets.
More insights
2026 ADI Forum
The 2026 ADI Forum highlighted a rapidly shifting energy landscape, where global models are giving way to region‑specific strategies shaped by local policy, infrastructure, and power demand. Featuring about 15 speakers across five strategic panel sessions, the forum provided a comprehensive outlook on oil & gas, LNG, power markets, chemicals, and the energy transition. Event […]
Newsletter: ADI’s global chemicals update
In the February 2026 edition of the ADI Chemicals Newsletter, Dow expands propylene glycol capacity in Thailand as specialty demand grows. M&A activity progresses with ADNOC and OMV advancing their Borouge transaction, and Fertiglobe, Covestro, and TA’ZIZ strengthening ammonia and sustainability collaboration. Europe continues to rationalize capacity, with Dow, TotalEnergies, and the Covestro–LyondellBasell JV announcing […]
Devon–Coterra: Scale as strategy in a maturing shale world
The Devon–Coterra merger is a pragmatic assessment of where U.S. shale stands today. Survival will require capital efficiency to offset declining resource quality as the shale system matures. Historically, consolidation among U.S. E&P independents has delivered tangible operating benefits. Scale has helped reduce drilling times materially—industry averages have fallen from roughly 28 days per well […]