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Sep 12, 2010

Bonga Field, Nigeria, Commercial Asset Valuation and Forecast to 2025 now available at ReportsandReports

Dallas, TX: ReportsandReports announce it will carry   Bonga Field, Nigeria, Commercial Asset Valuation and Forecast to 2025  Market Research Report in its Store.

The Bonga field is an offshore field located in the Oil Prospecting License (OPL) 212 and Oil Mining License (OML) 118 in the deepwater of Gulf of Guinea in Nigeria. It is located 120km southwest of Niger Delta. The water depth in the field is more than 1,000m. The field covers an area of around 60 sq km. SNEPCO (Shell Nigeria Exploration and Production Company Ltd.) is the operator of the field. The field was discovered in 1995 by SNEPCO.
SNEPCO (a subsidiary of Royal Dutch Shell PLC) is the major equity holder in the Bonga field with 55%. The other partners include Esso, Nigerian Agip Exploration Ltd. and Elf Petroleum Nigeria Limited. These partners have JOA (Joint Operating Agreement) with SNEPCO.
The Bonga field also comprises multiple reserves located around the main field in the same block. These reserves include Bonga Southwest and Bonga Northwest satellite fields. However, these fields are not considered during the asset valuation of the Bonga field.
The field produces crude oil and associated natural gas from its Late Miocene shale formations in the block via a Floating, Production, Storage and Offloading (FPSO) vessel anchored at the location. The API gravity of the crude oil is 29º API with 0.25% sulfur (by weight).
The Bonga field started production in 2005. The field produced around 82.13 million barrels (Mmbbls) of crude oil and 54.75 billion cubic feet (Bcf) of associated natural gas during 2009, which is also its peak year.
The life of the Bonga field was estimated to be around 21 years with complete abandonment during 2025. The unit is expected to generate $51.99 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an Internal Rate of Return (IRR) of around 32.5%.

  • 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 Bonga Field, Nigeria, Introduction 5
3 Bonga Field, Nigeria, Geology and Formations 7
4 Bonga Field, Nigeria, Equity Details 10
5 Bonga Field, Nigeria, Crude Oil and Natural Gas Reserves 11
6 Bonga Field, Nigeria, Applicable Fiscal Regime 12
6.1 Royalty 12
6.2 Rentals 12
6.3 Bonuses 12
6.4 Fees 12
6.5 Cost Recovery 12
6.6 Profit Sharing 12
6.7 Petroleum Profit Tax 13
6.8 Deductions and Depreciation 13
6.9 Petroleum Investment Allowance 13

7 Bonga Field, Nigeria, Infrastructure 14
7.1 Upstream Infrastructure 14
7.1.1 Wells 14
7.1.2 Water Injection 14
7.1.3 FPSO 15
7.1.4 Subsea Systems 16
7.2 Midstream Infrastructure 17

8 Bonga Field, Nigeria, Development Plan, Investment and Expenditure 18
9 Bonga Field, Nigeria, Oil and Gas Production 19
9.1 Bonga Field, Nigeria, Crude Oil Production 19
9.2 Bonga Field, Nigeria, Natural Gas Production 20

10 Bonga Field, Nigeria, Field Economics 22
10.1 Bonga Field, Nigeria, Economic Assumptions 22
10.1.1 Forecast Commodity Prices 22
10.1.2 Inflation 22
10.1.3 Discount Rate and Representation of Cash Flows 22
10.1.4 Sensitivity 22
10.1.5 Access to the Economic Model 22
10.2 Bonga Field, Nigeria, Cash Flow Analysis 23
10.3 Bonga Field, Nigeria, Remaining PV Sensitivity Analysis 24
10.3.1 Remaining NPV Sensitivity to Discount Rates and Commodity Price 24
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production Rates 25
10.3.3 Remaining NPV Sensitivity to Petroleum Profit Tax For Oil and Production Rate 26
10.3.4 Remaining NPV Sensitivity to Petroleum Profit Tax For Gas and Production Rate 27

11 Bonga Field, Nigeria, Summary Cash Flows 28
11.1 Bonga Field, Nigeria, Front End Load Due To Fiscal Policy 29
11.2 Bonga Field, Nigeria, Tax Liability 30

12 Appendix 32
12.1 Methodology 32
12.2 Coverage 32
12.3 Secondary Research 32
12.4 Primary Research 32
12.5 E&P Forecasts 33
12.6 Capital Costs 33
12.7 Exploration and Appraisal (E&A) Costs 33
12.8 Operating Costs 33
12.9 Expert Panel Validation 34
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

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