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Sep 12, 2010

Amal Oil Field (Redevelopment), Libya, Commercial Asset Valuation and Forecast to 2017 now available at ReportsandReports

Dallas, TX: ReportsandReports announce it will carry  Amal Oil Field (Redevelopment), Libya, Commercial Asset Valuation and Forecast to 2017  Market Research Report in its Store.


Amal Field - Block NC12 (area 90/91) is located in the eastern part of the Sirte basin and is around 50km north of the Augila oasis in Libya. The latitude and the longitude of the field are 29° 25' 0 N and 21° 10' 0 E.  Amal is an onshore field that extends to more than 100,000 acres. The field includes eight different reservoirs and is at a depth ranging from 2,300 to 12,000 feet below the surface. PetroCanada (now Suncor Energy, August 2009) is the operator of the field. The field produces around one-third of Libya’s total oil production.
The field is owned by Harouge Oil Operations (previously Veba Oil Operations) that is a joint venture between National Oil Corporation (NOC), Libya and Petro-Canada. Both the partners have an equal stake of 50% in the venture. Petro-Canada entered into agreement in 2007 with NOC for the redevelopment of the field that included pipeline and facility upgrades, development drilling and other expansion.
The oil produced at the field has an API ranging between 36° to 38°and has a high wax content. The sulfur content in the oil is estimated to be around 0.45%.
The field had estimated recoverable reserves of approximately 4.2 billion barrels when it was discovered in 1959. The estimated remaining reserves of the field in 2010 are estimated to be around 57.44 million barrels. The current production of oil from the field is around 9.36 million barrels. The oil production from the field is likely to decline at a natural rate of 7-8% annually.
The life of the field after redevelopment (2007) is expected to be around 10-11 years with complete abandonment by 2017. During its remaining life the field is expected to generate revenues of $4.62 billion (undiscounted, starting January 2010).

Scope
  • The report provides detailed information on oil and gas production, infrastructure, reserves, geology, operator and equity partners and the latest fiscal terms applicable to the asset and provides its fair value       (Remaining Net Present Value) based on remaining reserves, forecast production, capital and operational costs, fiscal regime and commodity prices.
  • The report also provides additional valuation parameters like Internal Rate of Return (IRR), Profitability Index (PI), Pay Back (discounted and undiscounted), Entitlement Production (EP) and Working Interest (WI) to enhance your decision making process.
  • This report provides detailed sensitivity analysis of the remaining NPV with changes in the commodity prices, discount rate, production and key fiscal terms.
  • Detailed cash flows over the life of the asset are included in the report. These cash flows cover a wide range of calculations related to various payments to the government/licensing authority.
  • Interactive Excel models can be used to derive custom valuations, sensitivities and cash flows based on the specific inputs by the user in the model. These custom inputs vary from production data, cost information, price information and fiscal terms information.
Reasons to buy
  • Make well informed investment decisions based on detailed operational analysis and cash flow forecasts
  • Estimate the fair value of your future investment under different economic and fiscal conditions
  • Value a prospective investment target through a comprehensive analysis using focused forecasting and valuation methodologies.
  • Supporting interactive excel model will enhance your decision making capability in a more rapid and time sensitive manner
  • Evaluate how the changes in the country’s fiscal policies impact the cash flows and the present value of the asset
1 Table of contents 2
1.1 List of Tables 3
1.2 List of Figures 3
2 Amal Oil Field, Libya, Introduction 4
3 Amal Oil Field, Libya, Geology and Formation 6
4 Amal Oil Field, Libya, Equity Partners 7
5 Amal Oil Field, Libya, Crude Oil Reserves 8
6 Amal Oil Field, Libya, Key Fiscal Terms 9
6.1 Contract Type 9
6.2 Bonuses 9
6.3 Rentals 9
6.4 Cost Recovery 9
6.5 Profit Sharing 9
6.6 Taxation 10

7 Amal Oil Field, Libya, Infrastructure 11
7.1 Upstream Infrastructure 11
7.1.1 Exploration 11
7.1.2 Well Drilling 11
7.1.3 Production 11
7.2 Midstream Infrastructure 12
7.2.1 Pipelines 12

8 Amal Oil Field, Libya, Development Plan, Investment and Expenditure 13
9 Amal Oil Field, Libya, Crude Oil Production 14
10 Amal Oil Field, Libya, Field Economics 15
10.1 Amal Oil Field, Economic Assumptions 15
10.1.1 Forecast Commodity Prices 15
10.1.2 Inflation 15
10.1.3 Discount Rate and Representation of Cash Flows 15
10.1.4 Sensitivity 15
10.1.5 Access to the Economic Model 15
10.2 Amal Oil Field, Cash Flow Analysis 16
10.3 Amal Oil Field, Remaining PV Sensitivity Analysis 17
10.3.1 Remaining NPV Sensitivity to Discount Rates 17
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 18

11 Amal Oil Field, Libya, Summary Cash Flows 19
11.1 Amal Oil Field, Libya, Front End Load Due To Fiscal Policy 20
11.2 Amal, Libya, Tax Liability 21

12 Appendix 22
12.1 Methodology 22
12.2 Coverage 22
12.3 Secondary Research 22
12.4 Primary Research 23
12.5 E&P Forecasts 23
12.6 Capital Costs 24
12.7 Exploration and Appraisal (E&A) Costs 24
12.8 Operating Costs 24
12.9 Expert Panel Validation 24
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer


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