subject: Aarkstore Enterprise - Foinaven, United Kingdom, Commercial Asset Valuation And Forecast To 2021 [print this page] Aarkstore announce a new report "Foinaven, United Kingdom, Commercial Asset Valuation and Forecast to 2021" through its vast collection of market research report.
Foinaven, United Kingdom, Commercial Asset Valuation and Forecast to 2021 - Foinaven is the first deepwater oil field developed in the Atlantic Margin in UK at an average depth of 450m. The field is located at 190 km west of Shetland Islands in Blocks 204/19 and 204/24. The field was discovered in 1992 and sanctioned in 1994.
BP is the operator and majority stakeholder in the field. The other major partners include Marathon Oil Corporation and Marubeni North Sea Limited. Majority of the reserves lie in the main Foinaven Field. The satellite fields include, East Foinaven, T35 and T25 accumulations.
The crude oil is sweet crude with API gravity of 26 degrees and sulfur content of 0.37% by weight and can be benchmarked to Brent Crude.
The total oil in place is estimated at 1,070 million barrels of oil and ultimate recoverable were estimated at 200 million barrels initially. The total recoverable reserves doubled to 4,100 million barrels due to combined activities like infield drilling and enhanced oil recovery techniques by 2003. The estimated life of the field has also increased from 11 to 24 years.
The field commenced the production in 1997 and the Phase 1 drilling was completed in 2000. Foinaven reached its peak in 2002 at 37.6 million barrels of oil and since has been on decline. Oil from the Foinaven field is produced using floating production storage and offloading vessel - The Petrojarl Foinaven.
The field is expected to generate $17.29 billion in gross revenues during its useful life of about 24 years and is expected to yield an IRR of around 13.66%.
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 countrys fiscal policies impact the cash flows and the present value of the asset
