Our Services

Conversion of Business Ideas to Concepts: Enabling businesses to transform ideas into executable concepts.

Macro-Economic Scanning: Assessing risks and opportunities to help organizations choose ventures aligned with their investment criteria.

Preparation of Feasibility Studies: Preparing detailed feasibility studies for new ventures or growth/diversification projects.

Business Plans and Financial Models: Developing financial models, sensitivity analysis, and organizational structure advisory.

Capital Raising: Advisory on raising capital, creating Private Placement Memorandums, investor presentations, and more.

Strategic Options: Generating and assisting in the selection of the ideal business model/size/strategy.

Identifying Partners: Identifying and evaluating strategic partners who add value in early stages.

We attach considerable importance to sound Corporate Governance in all our Client Companies. To this effect, we provide Advisory on a wide range of areas including but not limited to:

• Size and Composition of the Board: Advising on the optimal size and composition for effective governance.
• Board Sub-Committee Structure and Charter: Establishing sub-committee structures with clear charters.
• Profiling Independent Directors: Identifying and profiling directors to maintain independence and impartiality.
• Demarking Responsibilities: Clarifying the division of responsibilities between the Board and the Executive.
• Corporate Governance Manuals: Developing comprehensive manuals, policies, and procedures.
• Board Functioning: Enhancing the functionality and decision-making capabilities of the Board.
• Reporting Structure: Defining efficient reporting structures between the Executive and the Board.
• Sound Practices: Implementing best practices to ensure effective governance.
• Board Effectiveness Assessment: Assessing the Board’s effectiveness and identifying areas for improvement.
• Corporate Management/Strategic Advisory/Corporate Finance Services: Providing services to improve Corporate Governance for greater efficiency.

Review & Correction of the Existing Scenario

Assess the capability of the current Organization and business model in view of the enhancement in the scale of operations. Identify areas of shortfall in resources – Financial, operational and intellectual. Suggest appropriate corrective actions to optimize the use of the resources.

Creation of the right business model that shall meet the growing business demands, and designing & development of the Organization that shall deliver them – focus on medium to long term. The organization development, if need be shall be in phases, with clear goals and targets to optimize the efficiency of the resources.

Evaluation of medium term investment decisions including R&D, capital investments and suggest appropriate equity-debt capital structure to fund the operations - both CAPEX and OPEX. This shall include assistance in the preparation of necessary documents/ financial details, including models, to obtain debt financing from financial institutions, identification of the right financial institution/s and assist in evaluating/negotiating the terms of offer/ review of term sheets.

Provide a clear picture of the scalability and future capacity of the business, identifying key areas where further efficiency increase and cost reduction are possible.

Advice on the appropriate strategy to fund the business growth, including advisory on the ideal time to raise additional equity, if required, to ensure maximum returns for the existing shareholders.

Pre-Divesture Advisory

Professionally present the opportunities and risks of the Organization from a potential strategic investor's view point. Appropriately highlight the hidden value of the Organization/its Core Competencies to realize maximum price.

Collate, organize the data to provide the potential buyer with quality information. Ensure maintenance of the confidentiality of the data with potential buyers. This shall ensure the Organization in full control of the overall process, rather than being dictated to by the potential buyer.

Create and maintain a comprehensive Data Room, complete with objective, high quality and trustworthy data, in anticipation of probable queries that could be raised by potential investors. This shall speed up the deal process, besides allowing for greater transparency and enhancing the credibility of the Organization.

Assist in creating high quality business plan with sensitivity analysis, financial models, investor presentations and other marketing documents required to attract the potential investor.

Divesture & Post Divesture Advisory

Advising the right time, based on business and market scenario, for raising additional equity, if required, to realize maximum returns to the existing shareholders.

Identification, review and short listing of potential strategic investor/s who possess the Strategic, Financial and Cultural Fit with the Organization. Ensure choice of the ideal strategic investor/s who will add value to the Organization in the long run.

Assist in Due Diligence by the investor/s, Deal negotiation, Deal Structuring and Transaction closing. Co-ordinate with other advisers - lawyers, auditors - in reviewing term sheets, deal documents and share purchase/transfer agreements and shareholder agreements.

Assist in the modification of the Corporate Strategy to suit the post divesture scenario. Establish sound Corporate Governance guidelines/practices to protect the various stakeholder interests in the long term and also to help the strategic investor/s to integrate smoothly with the prevalent organizational culture.

Financial Forecasting

• Long term Financial Modeling with sensitivity analysis, including projected P&L, Cash Flow, and Balance Sheets.
• Financial forecasting for Bank loan/facility.
• Corporate Financial Planning.
• Preparation of Operating budgets, Capital Budgets, Zero Base Budgets, Cash flow forecasting, Capital Asset Budgeting, and Budgetary Control.
• Fixed Asset Management, CAPEX Management, Working Capital Management.
• Investment Appraisal, Business Valuation.

Financial Review

• Financial statement analysis, identifying and suggesting areas to concentrate or improve.
• Accounts receivable/payable management, studying & analyzing existing receivables and evaluating adequacy of provisions for fair presentation of financials.
• Effective management of cash and bank balance, including short-term utilization of surplus funds.
• Budget review and methods to improve performance based on KPIs.

Internal Controls

• Designing and implementing internal controls for various business aspects – Finance, HR, Marketing, Purchase, and other service departments, including necessary approval systems and forms for authorization.
• Preparing internal control manuals including fixing authority limits, responsibility requirements, and approval systems.
• Inventory management controls: From acquisition to final sale.
• Internal Controls to curb revenue leakage.

Financial Reporting

• Development of MIS for a newly established entity for effective Corporate Governance.
• MIS review and amendments for better management control and efficiency.

Accounts

• Accounting Services for New Ventures inclusive of starting new books of accounts, maintenance of accounts, finalization of accounts, preparation of financial statements.
• Organizing the accounts department including identifying required positions and defining their authority and responsibilities.
• Selection of appropriate accounting software suited to the organization’s specific business needs.
• Designing an effective chart of accounts and implementing controls within the software.

Internal Audit

• Conducting internal audits, identifying weaknesses in internal controls, and suggesting appropriate measures for improvement.

IFRS Advisory

• First-time implementation of IFRS.
• Conversion from US GAAP to IFRS.
• Conducting training courses for finance personnel on IFRS aspects and preparation of IFRS-compliant Financials.
• Training programs on IFRS implications, convergence/divergence with US GAAP, and effects on Financials.
• Advisory services for treatment of specific transactions under IFRS.

Financial Restructuring

• Sick Unit revival planning: Restructuring and reorganizing sick units by assessing business potential and funding requirements.

Recruitment and Resourcing

• Provide advice and support regarding recruitment-related matters.
• Develop resourcing models.
• Assistance with the development of recruitment tools.
• Assist in job interviews for executives.
• Advice and drafting of executive employment contracts.
• Develop employment contracts and letters of termination.
• Various other employment-related documents.
• Assist in resourcing technical professionals.

HR Policies and Procedures

• Review and develop HR Policies and Procedures.
• Provide advice and support with respect to labour law.
• Define the Policy that governs Organization relationships with employees.
• Design and develop HR Policies and Procedures.
• Facilitate reviewing and recommend amendments where required.

Compensation and Benefits System

• Developing a Compensation and Benefits System including job evaluation, job grading, salary structure, and benefit system.
• Establishing organization structure.
• Establishing a doable and clear grading system.

Competency Management System

• Designing a Competency framework.
• Competency mapping.
• Integrating Competency with HR Processes.
• Conducting competencies gap analysis.
• Support talent management.
• Assistance with the development of an employee performance management system.

Employee Communication Plans

• Develop employee communication plans.

Assistance with Organizational Changes

• Provide assistance with mergers and downsizing.

Brand Equity Assessment

Assess the brand equity of the current organization in view of enhancements in its corporate identity and suggest appropriate corrective actions to optimize the brand image/value of the company.

Establishing Branding Principles

• Establish sound branding principles, guidelines, and practices to scale to all management activities and to integrate smoothly with the prevalent organizational culture.

Brand Standards & Guidelines

• Develop, promote, and protect brand standards and guidelines that will be adhered to both internally and externally in communication and marketing materials.

Graphics-Based Solutions

• Providing graphics-based solutions that are cost-effective, scalable, and which increase the overall brand equity of the organization.

Competitor Monitoring

• Monitor competitor's creative offerings and maintain creative friction through constant research and development.

Investor Presentations & Marketing Materials

• Creating high-quality investor presentations, bid submissions, and other marketing documents required to attract potential investors.

Strategic HSE Advisory Services

• Planning, development, and maintenance of HSE Manuals, HSE Plans, and HSE Strategies.

Legal Compliance

• Legal compliance verification of existing business practices throughout various industries such as Oil & Gas, Educational Sector, Energy Industry, and Service providers.

HSE Audits

• Conducting HSE audits based on local regulatory and statutory requirements, international Management System standards such as OHSAS 18001:2007, ISO 14001:2004, and ISO 14001:2009.

Risk Assessments & Management

• Performing risk assessments and management throughout all industries.
• Developing standard operating procedures for high-risk activities such as lifting, hoisting, rigging, and confined space entry.

Consultancy for Radioactive Chemical Sources

• Consultancy with regards to import, transport, handling, storage, and export of radioactive chemical sources.
• Dose rate simulations for planning purposes based on IAEA SS 115 requirements.

HSE Training Programs

• Development of HSE-specific training programs based on client requirements.

Certification Readiness

• Audits to confirm readiness for internationally recognized third-party certification such as ISO 14001:2004, ISO 14001:2009, and OHSAS 18001:2007.
• Preparation for national standards such as OPAL HSE MS and OPAL CVC certificates.

Technical Evaluation of HSE Candidates

• Assisting in the technical evaluation of potential HSE candidates, including pre-screening of CVs, assessment tests, and development of pre-screening questionnaires.

Corporate HSE Structure Development

• Assisting in the development of corporate HSE structure, budgets, and manpower planning.
• Creating a work scope for full-time HSE personnel.

Personnel Development & Retention

• Assisting in personnel development plans, employee retention strategies, and performance appraisal systems for HSE departments.

The highly skilled, competent, and experienced Well Engineering Team of Black Gold Energy Services has the capability to offer a wide range of Well Engineering Services – in the areas of Drilling and Well Completion. Black Gold Energy Services offers comprehensive Field Development Planning Lifecycle Services to its Clients and acts as a "one-stop shop" to assist Operators in delivering a complete multidisciplinary work scope.

Well Engineering and Planning

• Organizational Well Engineering Review
• Well Conceptual Design for Drilling and Completion
• Development and review of manuals for operations and procedures management
• Field engineering feasibility studies for conceptual and operational engineering
• Independent review of drilling programs, procedures, and well design
• Well control risk assessment
• Peer review of Drilling and Completions programs

Technical Support

• Rig selection
• Rig and Services tendering services
• Casing design
• Detailed casing setting depth analysis
• Cementing design
• Selection of directional drilling systems

Drilling Equipment Selection

• Well head selection and design
• Specifying equipment, material, and ratings/grades to be used in the drilling process
• Providing technical support and audit
• Performing cost estimates and analysis
• Developing contracts with vendors

Fishing and Milling

• Provision of Field Fishing and milling services, personnel, and equipment in support of Drilling and work-over operations
• Fishing: Recovery of any kind of hole stuck pipes, broken pipes, bits, stuck packers, tubing, casing, TCP Guns, and any other junk in the hole
• Milling of permanent and retrievable packers
• Milling of tubing inside cased hole (7" and 5-1/2" casing) and Open Hole

Mud Loggers

• Management of the mud logging unit, including personnel and equipment
• Assisting other well site personnel and the drilling operation by monitoring and recording drilling parameters, drilling fluid properties, and pumping parameters
• Providing primary well control surveillance by plotting pressure trends
• Providing information on the rock formations being drilled by describing geological cuttings and monitoring gas shows