Valuation Services

Independent Project Monitoring Company Limited (IPMC) extensive hands-on industry experience and participation in merger and acquisition activities in the energy industry provide a strong background for Estate Project consultants to be able to define and support property valuations for financial, insurance, federal tax, ad valorem tax, and other purposes. Estate Project offers complete economic and valuation services that comply with Uniform Standards of Professional Appraisal Practice (USPAP) standards.

By being part of an organization with in-house expertise in industry regulatory matters, hydrocarbon supply and demand issues, new technology, and optimization modeling of process facilities, the talent that Estate Project can draw upon in completing independent appraisals of downstream energy industry assets is unparalleled. We understand the dynamics of the energy industry and the variables that drive value.

Due to the focus of our firm on the energy industry and the breadth of our expertise, we are uniquely positioned to provide well-supported Fair Market Value appraisals that accurately reflect the attitudes of willing buyers and sellers in the energy industry.

In a complete appraisal, Independent Project Monitoring Company Limited (IPMC) considers the three approaches to value: the Income Approach, Market Approach, and Cost Approach. Sales databases are maintained to provide reliable information for a Comparable Sales Approach, and replacement cost models are regularly updated to provide the foundation to a Cost Approach.

The appraisals produced are fully documented in detailed reports which are tailored to the needs of the client and the intended user of the report. Follow-up support is also provided as needed in negotiating settlements on values in dispute, or providing expert witness testimony, rebuttal support, and other assistance in connection with achieving an understanding of the valuation service provided.

Examples of the Valuations Performed

  • Appraisals of refineries in each geographical region of Nigeria
  • Appraisals of chemical plants in the Nigeria
  • Purchase price allocations
  • Gas processing facility appraisals
  • Valuation of intangible assets
  • Numerous pipeline systems appraisals including crude gathering, gas gathering, and mainline crude and product distribution systems
  • Appraisals of terminals, docks, and underground storage facilities
  • Ad valorem assessment equalization studies.



Independent Project Monitoring Company Limited (IPMC)

Independent Project Monitoring Company Limited (IPMC) is a professional consultant specializing in the petroleum refining, pipelines and terminals, gas processing, petrochemicals industries, Assurance, Taxation, , Human Capital Development Projects and Advisory services to meet...

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Our Approach

Independent Project Monitoring Company Limited (IPMC) consists of professionals who specialize in infrastructure and building, oil & gas industry and other sectors. Our capabilities and responsiveness to individual needs are our strengths. Our consultants have a strong record of operational and commercial accomplishments in the industry.

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