Mayfair identified ZOEX and the front-end development work of the wave energy device concept and applications as a potential opportunity to increase the options in the Renewable Energy sector. Discussions with the client resulted in several months of front-end re-appraisal of the device and the technical challenges associated with wave energy and its overall viability within the auxiliary power requirements on near shore deployment and use. In parallel they have developed a clear pathway to market and have established direct cooperation with a range of Aquaculture companies who are in the process of transitioning from traditional diesel supplied auxiliary power to sustainable sources. The market exists and the challenge now is to develop the product. We are now fully engaged with a focus to promote this opportunity to the energy investment community.

Status: Actively seeking funding and preparation of pathway to proof of concept.

Mayfair’s origination discussions with the client resulted in the re-appraisal of a tie-back to improve its viability. By segregating the portfolio, a single asset with realistic potential was identified. The team targeted aspects requiring enhanced definition prior to independent verification, in parallel with sourcing seed funding. This involved an assessment of farm-in options and due diligence of production forecasting, proposed infrastructure utilisation, economic modelling and implementation. We are now fully engaged with all stakeholders to agree transportation rights across the host facilities which will open up the next stage of development.

Current status: Prospect evaluation, develop concept integration and funding pathway options.

The investor engaged advisory services to assess the viability of an O&G tie-back. A feasibility level appraisal was undertaken of the proposed development and feedback provided to support the equity client’s position during early discussions. Further technical appraisals followed, together with support for the client’s team throughout the investment model development.

Current status: Initial stage FID discussions ongoing.

The operator and partners sought an independent review of their proposed development scheme, executed via an RSC. The development basis focused on the use of offshore FLNG facilities as an alternative to traditional onshore landing. All aspects of the proposed scheme were subject to review, including field characteristics, technical and facilities definition and commercialisation, with specific attention to the scheme’s overall achievability. Findings and advisory support to the client’s development team followed.

Current status: Development planning suspended pending the classification of hydrocarbon volumes.