Ryder Scott
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Ryder Scott is an oil industry consulting firm whose primary role is to provide third party certification of oil and gas reserves. This certification is needed for listing on American exchanges by the US Securities Exchange Commission[1] and on exchanges in other countries by the equivalent bodies. The certifications are also used by banks and investors to provide a non-partisan, relatively reliable estimation of an oil company's reserves. This helps mitigate and define risks involved in acquisitions, exploration, field development or redevelopment and refinancing. Because of this, companies commonly mention Ryder Scott reserve estimates to potential investors in press releases[2][3] and environmental groups use their estimates in publications as well.[4]
While other consultants, notably DeGolyer and MacNaughton, provide similar services, Ryder Scott is the largest. Its customers include state-owned oil companies, "supermajor" oil companies and independent oil companies of all sizes.
Other services provided by Ryder Scott include geoscience and geology studies, field development and EOR design, reservoir simulation, economic analysis, management consulting and expert witness testimony.
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