A Worldwide Leader in Independent Engineering and Geological Services

GLJ Petroleum Consultants Ltd. is a premier international oil and gas resource consulting firm. We have a team of over 70 dedicated professionals with the experience, expertise, and reputation to handle any petroleum resource assessment worldwide.

Along with extensive industry experience in conventional international and Canadian oil and gas project evaluations, we also specialize in detailed assessments of unconventional resources. Follow this link to a map of our global experience.

GLJ’s in-depth industry knowledge and distinguished reputation benefits a diverse group of clients from small business to large integrated multi-national companies and national oil companies, as well as financial institutions. Our dedicated team of engineering and geoscience professionals is committed to providing unparalleled customer service, and our flexible proprietary software allow us to customize results to suit unique needs.

GLJ Releases July 1, 2015 Pricing

Our Brent and WTI oil price forecasts are up slightly from the previous quarter for the remainder of 2015, but down in the medium term as the price correction of the past nine months is not expected to fully reverse for some time to come. We are already seeing efficiency improvements and some cost reductions across the industry which should somewhat offset the impact of the lower price environment on producers. Global crude oil demand growth forecasts have increased relative to last quarter as the small amount of price elasticity in the crude markets is materializing.

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