subject: Snorre Field, Norway, Commercial Asset Valuation And Forecast To 2023 - Aarkstore Enterprise [print this page] Aarkstore announce a new report "Snorre Field, Norway, Commercial Asset Valuation and Forecast to 2023" through its vast collection of market research report.
Snorre Field, Norway, Commercial Asset Valuation and Forecast to 2023 - The Snorre field is located on Blocks 34/4 and 34/7 in the Tampen area of the northern sector of the North Sea on the Norwegian continental shelf. The field is approximately 200km north west of Bergen in west Norway. Snorre is the sixth largest offshore crude oil and natural gas field in Norway. The field is at a water depth of 984 to 1,148 feet (300 to 350m). The total area under the field is 116.884 km sq (Block 34/4) and 316.127 km sq (Block 34/7). The field is operated by Statoil Petroleum AS which is the largest operator in the Norwegian continental shelf. It is involved in areas such as gas treatment, crude oil reception, refinement and methanol production. In addition to this the company is also responsible for the sale and distribution of energy products. The production at Snorre field started in 1992.
The field is owned by an alliance of seven companies Hess Norge AS, Total E&P Norge AS, RWE Dea Norge AS, Idemitsu Petroleum Norge AS, ExxonMobil Exploration and Production Norway AS, Petoro AS and Statoil Petroleum AS. The majority of the stake is held by the operator of the field, Statoil Petroleum AS (33.3169%)
Snorre is a crude oil field with a small quantity of natural gas. The crude oil in the field has an API gravity ranging between 40 to 42 API and has sulfur content of around 0.56%.
The production at Snorre field started in 1992 from platform Snorre A and in 2001 from platform Snorre B. The field has produced around 1.07 billion of crude oil, 213.07bcf (billion cubic feet) of natural gas and 46.92m boe (barrels of oil equivalent) of Natural Gas Liquids (NGL) until 2009. The current production (2010) of the field is estimated to be 42.33m barrels of crude oil, 1.77 bcf of natural gas and 0.42m boe of NGL.
The life of the field is expected to be around 30 to 32 years with complete abandonment by 2023. The field is expected to generate $38.99 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR (Internal Rate of Return) of approximately10.71%.
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
