landmark projects

Since its inception, Redesco has completed many of the landmark projects. Among them, in 1997, the United States Department of Energy Elk Hills Navy oil reserve was evaluated. Redesco invested more than 40,000 hours in this one-billion-plus-tonne project and published a three-volume reserve report. After presenting this report, the government's interest in the field was sold for $ 3,065 million. This is the largest federal asset divestiture in U.S. history.

Recent company key research includes oil and gas reserves certification for CNOOC and SINOPEC. Rhessco conducted a detailed and comprehensive study of all the fields owned by these two large Chinese companies. Relevant independent certification reports are submitted to New York and Hong Kong securities regulators for initial public offering. Later, Redsco has been providing annual reserve reports and project evaluation services to the two multi-billion-dollar companies.

In 2000 and 2001, Rhessco evaluated the reserves and resources of offshore natural gas in Colombia and Trinidad and Tobago. Reserves reports are used for national energy policy development in both countries and for the framework and prices used to construct various types of long-term gas contracts.

In 2001, Redesco prepared a detailed development plan and project economics analysis for the 113 fields of the former Soviet Union, Russia's second largest company. The customer's senior management uses this report to optimize the economics of oilfield development, prioritize the company's investment allocation, and set a five-year plan for the company. In 2002, Rhessco conducted a tender technical assessment of the Middle East's daily output of 500,000 barrels of offshore assets. The purpose of this project is to develop a rating system for potential investors in the bid evaluation of national companies. The sale of this upstream asset may become the largest government divestment project to date.

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Also in 2002, Rhessco conducted a reserve audit for an internationally-integrated company that acquired two large Russian companies for $ 6.75 billion. The deal is Russia's largest direct investment in Russia in the post-Soviet era.

In 2004, Ryersk's new project focused on implementing the SEC rules. The company conducted year-end reserve audits for a large utility company. With a write-down of reserves, the company's reserves fully comply with SEC rules. In the same year, an integrated international oil company, with a write-down of reserves, asked Rhessco Corporation to conduct a quick reserve classification review of nearly 40% of the company's assets. This review covers 60% of proven undeveloped reserves.

In 2005, Redesco began the year-end stock audit of 350 land and sea oil and gas fields in the Burgost and Tampico-Misantla-Veradruz basins in northern Mexico. Based on this independent report, the national oil company that issued the bonds in the United States Submit proven reserves estimates and NPVs to the SEC