The valuation of oil, gas and power assets is a highly technical and complex skill. Rushton International has an established and experienced team that provides valuations for insurance purposes in all energy sectors.

Our team understands process installations and its assets, in addition to the factors that affect values. Recent assignments have taken our team to various parts of the globe including Republic of Yemen, Uganda, Abu Dhabi, Malaysia, Brunei and Pakistan.

Valuation Approach

The Reinstatement Insurance Value or Reinstatement As New Value is an opinion of the new cost that would be incurred to reconstruct, obtain and install a substantially identical new asset, but not superior to or more extensive than the original subject asset.

Rushton International uses the following transparent approach in arriving at the Reinstatement Insurance Value of any onshore or offshore facility.

The valuation is determined and established from a combination of the following:-

• Physical onsite compilation of fi eld notes in relation to the subject assets.

• Analysis of project cost data of recent comparable platforms taking into account location, capacities, weights and depths of structures.

• Reference to historical costs, adjusted for infl ationary increases since construction.

• Contacting suppliers, manufacturers or their agents

• Comparison with recent cost of similar assets.

• Detailing and pricing of principal assets and applying factors for interconnecting pipework, instrumentation and controls, electrical services, design and engineering costs, loadout and transportation, installation and commissioning costs. Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8