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Sep 12, 2010

Captain field, United Kingdom, Commercial Asset Valuation and Forecast to 2016 now available at ReportsandReports

Dallas, TX: ReportsandReports announce it will carry Captain field, United Kingdom, Commercial Asset Valuation and Forecast to 2016  Market Research Report in its Store.

Report Summary
Captain field is located in the North Sea region, approximately 130km northeast of Aberdeen, Scotland, UK at a water depth of 105m. It is located in Block 13/22A on the edge of outer Miray Firth.

The field was developed in three stages:
  • Captain A wellhead-protection platform (WPP),
  • The Captain B Unitised Template Manifold and
  • The Captain C subsea manifold.
Texaco is the operator of the field with an 85% interest with the rest (15%) owned by a single co-venture the Korea Captain Company Limited (KCCL) which is a consortium of the Korea Petroleum Development Corporation (PEDCO) and Hanwha Energy.
Captain field produces crude oil with 18° to 22° API and 0.6-0.8% sulfur content. The price of crude oil is sold at par with the Brent Blend. Captain field produced 13.24 million barrels of crude oil during 2009.
The field contains approximately one billion barrels of oil in-place, and the recoverable reserves are estimated to be 350 million barrels. The field life of Captain is around 20 years with complete abandonment during 2016. The field is expected to generate 13.9 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 12.84%.

  • 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 4
1.2 List of Figures 4
2 Captain field, United Kingdom, Introduction 5
3 Captain field, United Kingdom, Geology and Formations 6
4 Captain field, United Kingdom, Equity Details 8
5 Captain field, United Kingdom, Crude Oil and Gas Reserves 9

6 United Kingdom, Fiscal System 11
6.1 Contract Type 11
6.2 Royalty 11
6.3 Bonuses 11
6.4 Rentals 11
6.5 Fees 11
6.6 Taxation 11

7 Captain field, United Kingdom, Infrastructure 12
7.1 Upstream Infrastructure Facilities 12
7.1.1 Wellhead Protector Platform (WPP) - Jacket and Deck 13
7.1.2 Bridge Linked Platform (BLP) 13
7.1.3 Electrical Submersible Pump (ESP) 13
7.1.4 Floating Production, Storage and Offloading vessel (FPSO) 13
7.1.5 Pipe-lay 13
7.2 Midstream Infrastructure Facilities 13
7.2.1 Shuttle tankers (to export). 13

8 Captain field, United Kingdom, Development Plan 13
8.1 field Development History 13
8.2 Phases of Development 14
8.2.1 Captain A 14
8.2.2 Captain B 14
8.2.3 Captain C 14
8.3 Recent Developments 14
8.3.1 Wood Group Secures Operations and Maintenance Contract From Chevron 14
8.3.2 Wood Group Wins Engineering and Construction Contract From Chevron 14
8.3.3 PSN Secures Engineering and Construction Contract From Chevron 14
8.3.4 Sulzer Wins Three Year North Sea Contract With Chevron 14
8.3.5 Chevron Announces Oil Production from Captain Area C Project 14

9 Captain field, United Kingdom, Crude Oil Production 15
9.1 Full crude oil production forecasting, and Associated Gas production for the field life from 1997-2016 16

10 Captain field, United Kingdom, Economics 17
10.1 Captain field, Economic Assumptions 17
10.1.1 Forecast Commodity Prices 17
10.1.2 Inflation 17
10.1.3 Discount Rate and Representation of Cash Flows 17
10.1.4 Sensitivity 17
10.1.5 Access to the Economic Model 17
10.2 Captain field, United Kingdom, Cash Flow Analysis 18
10.3 Captain field, United Kingdom, Remaining PV Sensitivity Analysis 19
10.3.1 Remaining NPV Sensitivity to Discount Rates 19
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 20
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 21

11 Captain field, United Kingdom, Summary Cash Flows 22
11.1 Captain field, United Kingdom, Front End Load Estimations 23
11.2 Captain field, United Kingdom, Tax Liability 24

12 Appendix 25
12.1 Methodology 25
12.2 Coverage 25
12.3 Secondary Research 25
12.4 Primary Research 25
12.5 E&P Forecasts 26
12.6 Capital Costs 26
12.7 Exploration and Appraisal (E&A) Costs 26
12.8 Operating Costs 26
12.9 Expert Panel Validation 27
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

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