Asset transfers are where technical optimism meets a term sheet. In Nigeria, indigenous operators now produce more than half of the crude after the 2024 and 2025 divestments, and the 2026 decommissioning regulations tie approved abandonment plans to annual fund contributions. In the UK, decommissioning spend reached GBP 2.6 billion in 2025 and the regulator expects about GBP 3 billion a year to 2032, with sellers keeping part of the well liability (NSTA, 13 August 2026). A buyer who inherits high water cut, ageing flowlines and a decommissioning fund needs the engineering priced, not described.
We keep the distinctions that move value: nameplate capacity against reliable throughput; production against sales against cash collected; resources against reserves; log permeability against well test kh; a history match against a credible forecast; a design basis against the operating envelope; a removed bottleneck against a solved system.
Each finding is written as evidence, consequence, recommended action and owner, with a severity rating. Where a risk can be handled in the contract, we name the mechanism: condition precedent, escrow, retention, earn-out, warranty, price adjustment or staged funding.