Investment-Grade Reserves Certification.
As the authorized Libyan representative of Ryder Scott Company, Albatik brings independent, SPE-PRMS-compliant reserves certification and economic modelling directly to Libya’s operators — with no need to route engagements through international offices.
Why It Matters in Libya
Libya’s proven reserve base is among the largest in Africa, but converting resources into funded development requires documentation that international counterparties trust without reservation. An independent Ryder Scott evaluation is that document. Whether you are seeking project financing from international lenders, negotiating a joint venture with an IOC, preparing an asset transaction, or reporting reserves to shareholders and government stakeholders, independent certification — delivered through Albatik — is where the conversation starts.
What We Delver
- Proved, Probable, and Possible Reserves (1P / 2P / 3P) evaluation
- Contingent and Prospective Resource assessment
- Independent engineer reports for financing and investor reporting
- Field Development Plan (FDP) economic analysis
- Acquisition and divestiture (A&D) evaluation support
- Annual reserves monitoring and periodic updates through the asset lifecycle
The Ryder Scott Standard
Founded in 1937 and headquartered in Houston, Ryder Scott is one of the world’s most widely recognized independent petroleum consulting firms, providing science-based reserves evaluations and reservoir engineering services to operators, investors, and governments across North and South America, Europe, the Middle East, Africa, Asia, and Australia. Its reserves reports are accepted by stock exchanges, international lenders, joint venture partners, and national oil companies worldwide. When reserves must be certified for financing, investment reporting, or asset transactions, the Ryder Scott signature carries an authority few alternatives can match.
How Albatik Delivers It
Through our authorized representation agreement, Albatik serves as the in-country interface for all Ryder Scott engagements in Libya:
- Local project management and coordination, conducted in Arabic and English
- Rapid mobilization and on-the-ground liaison with operator data rooms and NOC departments
- Full alignment with SPE-PRMS 2018 standards, international reporting requirements, and SEC guidelines
- Economic modelling and scenario analysis fully integrated with certified reserves volumes
- Continuity between annual updates — the same local team, every engagement