Sanjeev Bahl

Sanjeev Bahl is a testifying expert in FTI Consulting’s Economic & Financial Consulting segment. Sanjeev specialises in the quantification of losses and the valuation of assets across the global energy sector. He has been appointed by state parties, integrated oil majors and has prepared expert reports in high-value international arbitrations under the International Arbitration Centre (“ICC”), the London Court of Arbitration (“LCIA”), the United Nations Commission on Internation Trade Law (“UNCITRAL”) and the Singapore International Arbitration Centre (“SIAC”) rules and cases administered by the Permanent Court of Arbitration (“PCA”), including several matters with claimed quantum in excess of $1 billion.  

Sanjeev’s opinions on value draw on both technical and financial expertise, built over more than 25 years across four complementary areas, including upstream engineering at ExxonMobil, which allows him to engage critically with reserve and resource evaluations, development plans, production profiles and costs. Further, he spent ten years valuing oil and gas companies and assets in investment banking and equity research at Credit Suisse and Numis (now part of Deutsche Bank). He is experienced in developing commodity supply and demand models and oil and gas price forecasts. In consulting, he performed commercial due diligence for private equity investors at Edison Group and FTI Consulting.

During Sanjeev’s career, he has valued companies and assets across the full energy value chain, including upstream, downstream, services and industrials, in more than 35 countries. His expertise extends to emerging sectors such as offshore wind, hydrogen and carbon capture, utilisation and storage (“CCUS”), and he is recognised in the Lexology Index:  Energy.

Sanjeev holds an M.Eng. in Mechanical Engineering with First-Class Honours from University College London. He completed an executive programme at London Business School, covering financial reporting, accounting, strategy and marketing. Sanjeev is also trained in upstream profitability analysis at the ExxonMobil Upstream Research Center in Houston.

Relevant Experience:

• Testified on the market value of an early-stage oil and gas asset in Africa, considering the technical complexity of potential development options
• Testified on the valuation of shareholder rights in a contractual dispute concerning upstream and midstream assets in Africa
• Appointed by a consortium of oil majors to advise on valuation issues in a joint operating agreement (“JOA”) dispute
• Appointed by a private equity investor to conduct an independent valuation of a technology-based carbon credit generation company, assisting with subsequent price negotiations
• Assisted with the preparation of multiple expert reports on the value of offshore oil and gas assets in the North Sea in a post-M&A dispute, with claimed quantum in excess of $4 billion