The exploration and development of natural resources is a highly speculative activity, which involves high risk and this is in addition to the specific country risks and political climate. These risks are regularly assessed by the board on a specific project basis. These meetings are used to mitigate risks which include geological/sub-surface, operational, commercial, commodity pricing, currency, geopolitical, security and funding risks.
MAREP Ltd technical and sub-surface risks are mitigated further via a strategic alliance within our consortium. Exploration and development relies on specific expertise in the fields of seismic mapping, structural geology, field geology and thermal maturity/charge modelling. The team has the capability via our outsource partners to provide a full range of exploration geoscience expertise, which is able to integrate into the management team to further strengthen our project management and delivery.
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