Oil and Gas

Showing posts for oil and gas

2 December 2020

Oil Tank Farm – Hamriyah Free Zone

Client: Oil Tank Farm Type: Oil Storage Facility Reason for study: Forced Sale Completion Date: 2020 Scope of Work: Undertaking inspections and valuation of assets for 115,000 CBM Capacity Fuel Oil Storage Tank

2 April 2020

Oil Tank Storage – Hamriyah Free Zone

Case Studies

Published by Cavendish Maxwell

Client: Oil Tank Storage Type: Oil Storage Facility Reason for study: Loan Security Completion Date: 2020 Scope of Work: Undertaking inspections and valuation of assets for 130,000 CBM Capacity Fuel Oil Storage Tank

17 November 2019

Oil Storage Terminal – Fujairah

Case Studies

Published by Cavendish Maxwell

Client: Oil Tank Farm Type: Oil Storage Facility Reason for study: Loan Security Completion Date: 2019 Scope of Work: Undertaking inspections and valuation of assets for an Oil Storage Terminal in Fujairah. The terminal has a capacity of 330,000 CBM

Paul has 20 years of experience in valuation and consultancy services and has worked in leading international practices across the UAE, Oman, Europe and the UK.

His professional knowledge encompasses all property asset classes including large, complex master plan developments of mixed-use properties in office, retail, industrial, leisure, hospitality and residential sectors. Paul is professionally qualified to value minerals, waste and recycling properties as well as environmental land considerations.

Paul’s client portfolio includes international and local banks, lending institutions, developers, investors, owner occupiers as well as accountants, legal firms and insolvency practitioners. As joint head of the Commercial Valuation department he is responsible for valuations of all property types. He ensures quality assurance and provides timely RICS Red Book/International Valuation Standard Council (IVSC) standard reports.
View Profile on

Julian joined Cavendish Maxwell as Chief Economist in January 2019. Coming from an old real estate family in Ireland, his career as an economist began with a first-class honours degree in philosophy, politics and economics at the age of 19, following which Julian was an analyst with the UK Government. He later helped develop and launch the UK’s residential forecasting service with the firms that merged to become Global Insight. Julian subsequently developed derivatives in the City of London and established real estate futures contracts for what is now the International Commodity Exchange. He also ran a property development and management firm, before eventually serving as an international consultant and trainer to governments, central banks and notable firms including AXA, Citibank, DBS, Deloitte and Thomson Reuters.

Julian fills his work-free time with academic pursuits; he holds several postgraduate degrees, including a PhD in International Risk Management Policy, and also the Licensed Conveyancer qualification. Julian has published many business and academic texts and articles, and is also a keen walker – especially fond of the Scottish Highlands.
View Profile on

Benjamin is a Chartered Building Surveyor bringing over 15 years of global professional experience to the Project and Building Consultancy team at Cavendish Maxwell. Over the course of his career, he has successfully advised top-tier international clients from around the world on portfolio acquisitions/disposals, lifecycle costing, technical due diligence, and building pathology, among others. He has delivered a full range of project management services including new builds, refurbishment, fit-out and alterations.

Prior to his role at Cavendish Maxwell, Benjamin headed up the building consultancy department of the New Zealand arm of a global real estate firm. He also has extensive experience in the UK and the wider Middle East, covering building consultancy services across the GCC for a variety of projects and asset classes for developers, investment trusts, local authorities and large private clients in the region. He has advised clients from China, Singapore and Australia on some of the largest property acquisitions in both New Zealand and Australia.

Being an RICS-accredited Assessment of Professional Competence (APC) assessor, Benjamin provides consistently distinguished standards of service for the company and the wider surveying profession in the UAE.
View Profile on

Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.

Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing
View Profile on

Gregg is an Accredited Senior Appraiser (ASA) with the American Society of Appraisers, bringing global valuation expertise to the machinery and business assets team at Cavendish Maxwell. He has conducted valuations throughout Europe, Asia-Pacific, Africa, and North, Central and South America. During this time, he advised top-tier international clients on plant and machinery valuation matters for disposal, secured lending, insurance, and accounting purposes, as well as completed inter-company transfer valuations for multinational corporations.

Gregg has vast experience in both ASA and RICS bases of value, including valuations for fair value, fair market value in continued use/installed/removed, orderly liquidation value, forced liquidation value, and market value in place/for removal.

He has catered to sectors and markets including manufacturing, construction, F&B, automotive, aerospace, textiles, woodworking, mining, engineering, marine, plastics, public sector, education, oil and gas, commercial vehicles, electronics and semiconductors.

At Cavendish Maxwell, Gregg is responsible for overseeing plant and machinery valuations for loan security, accounts and insurance purposes. His remit also includes business development, reviewing reports and valuations, and delivering new proposals.

In his previous role, Gregg worked as associate director for a UK-based valuation firm, where he focused on valuations for loan security and restructuring purposes.
View Profile on

P P Varghese leads Cavendish Maxwell’s strategy and consulting team. Varghese comes with over 17 years’ experience gained through advising government, private and institutional clients on single-use, mixed-use, standalone, and master planned projects. He has been exposed to consulting and operations functions with his expertise spanning development planning and strategy, cost-benefit analysis, operational reviews and monitoring, hotel operator search and negotiations, as well as arbitration support and dispute resolution for hotel management agreements.

In his previous role, Varghese served as Partner - Real Estate Strategy and Consulting at Knight Frank Middle East. There he was responsible for advising clients on real estate development strategy, optimising department processes to enhance revenue, and developing client acquisition and retention strategies.

At Cavendish Maxwell, Varghese will lead an expert team that provides development advisory, feasibility, portfolio analysis and real estate research for all real estate asset classes and will identify new growth opportunities for the business.

Varghese is a Master of Management in Hospitality, majoring in real estate investments and finance from the Cornell School of Hotel Administration, Cornell University, New York.
View Profile on

Oil and Gas

Oil Tank Farm – Hamriyah Free Zone

Oil Tank Storage – Hamriyah Free Zone

Oil Storage Terminal – Fujairah

Gregg Davenport