After assets are secured and resources are aligned, Tekoil steps in to re-establish a producing field’s vitality by rebuilding assets critical to the success of a corporation or region.
Tekoil and Gas
Tekoil & Gas, LLC (Tekoil), a wholly owned subsidiary of Kelly-Western Holdings (KWH), is an exploration and production company formed to re-develop oil and gas fields in high-risk locations around the globe.
Tekoil was invited by a local governing province in Central Iraq to participate in the redevelopment and operational oversight of select oil and gas fields, vital to the local economy. Initial fields of focus are considered prolific producers and have the projected capacity to grow by nearly three times in terms of daily output. Additionally, there are numerous adjacent oil and gas fields in need of redevelopment, exploration evaluation, and Tekoil intends to evaluate those fields as operations are established. When working with a client, Tekoil works out appropriate estimates and budgets, relevant to each field, that will maximize the redevelopment potential of that field. We formulate an OPEX budget for reinvestment each month, that is aimed to increase total oil and gas production to optimal barrels and standard cubic feet of gas per day. With budgetary concerns in mind, we ensure fields are producing efficiently with the minimal amount of CapEx required.
The CapEx budgeted are for ongoing improvements and modernization to oil and gas production equipment, storage, and transportation infrastructure. Tekoil also reinvests an appropriate amount per month in security and insurance to make sure the assets are protected and we have adequate risk mitigation with the world’s best possible insurance coverage.
As the newly appointed operator of the fields, Tekoil negotiated a favorable return per produced barrel (and refined – where appropriate), and a nominal amount for every 1,000 standard cubic feet of gas produced without ever taking an ownership stake in the actual asset itself, leaving all of the real estate and field value to our contracted partners.
Apart from the vast revenues generated by oil and gas production, we have structured ourselves to totally control the value chain. We accomplish this by negotiating discounted rates for fuel from the local refineries we are supplying, and by selling refined products through MT Fuel Services (MTFS). Through this strategy, we are able to distribute crude and refined energy commodities, under long term, profitable contracts, and distribute diesel and gasoline products to our own gasoline stations in the region under the Tekoil brand. Effectively, we create and control an integrated supply chain “from the reservoir to the gas pump”.
The Tekoil Process…
Making the decision on who rebuilds energy assets is no small feat. Reach out to learn more about our process.
Learn / Evaluate
During our initial consultation, we will uncover the challenges facing the region and learn more about expectations from local governing authorities.
Proposal / Plan
After discussing the factors in play, we will formulate a thorough strategic plan aimed at accomplishing the mission efficiently.
Execute
We take action. After establishing a workable timeline, our team jumps in and gets to work. You’re region is on its way to stability.
Have a project for us?
We have a global reach with office in strategic locations to best serve every opportunity needing what we do. Let’s chat and schedule an on-site visit.
Simply text the word “OIL” to 4074327622
if you’re looking to have assets secured and rebuilt.
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