GaffneyCline is a global consultancy in the energy sector, providing techno-commercial advice to clients that include energy producers, financial institutions, governments, etc. GaffneyCline is an independent wholly owned subsidiary of Baker Hughes.
One of the notable functions of GaffneyCline, along with similar petroleum industry consultants such as DeGolyer and MacNaughton, Netherland, Sewell, RPS-APA and Ryder Scott, is to provide third-party verification and/or valuation of oil and natural gas reserves - typically 1P proven reserves, but also 2P probable reserves and 3P possible reserves - for company annual reports and SEC filing 20-F.[1] In addition to commercial and technical studies in the oil and gas sector, GaffneyCline has expertise in Carbon Management, more specifically CCUS, hydrogen, carbon intensity estimation and abatement.
History
Peter Gaffney and Ben Cline, both petroleum engineers working in oil and gas in South America, found they both shared a dream to have their own consultancy. They believed that the oil and gas industry could benefit from independent technical and management expertise, such as suggestions on how to improve production, where to drill and how to be more efficient.