Grane,norway, Commercial Asset Valuation And Forecast To 2027 - Aarkstore Enterprise
Aarkstore announce a new report "Grane,Norway
, Commercial Asset Valuation and Forecast to 2027 " through its vast collection of market research report.Grane,Norway, Commercial Asset Valuation and Forecast to 2027 - Grane is an oil field located on the western coast of Norway in block 25/11 of the North Sea, 185km west of Haugesund city. The field is located at a water depth of 128m and a reservoir depth of 1,700m. The reservoir extent covers an area of 10 sq km. It has average pay thickness of 50m, average porosity of 33% and permeability of 5-10 Darcies. The oil is contained within the Heimdal Formation sands of Paleocene age. Grane is the first field on the Norwegian continental shelf to produce heavy crude oil.
The Grane field was discovered in the year 1991. But, the production started in 2003. This field reached its peak production on March 10, 2006. The field is estimated to be abandoned by year 2027. The Grane field contains crude oil of API 18.7 and sulfur content 0.83%.
Statoil Petroleum AS is the operator of this offshore field with majority equity stake of 36.67%. The other equity holders in this field are Petoro AS (28.94%), ExxonMobil Exploration & Production Norway AS (28.22%) and ConocoPhillips Skandinavia AS (6.17%).
An integrated accommodation, processing and drilling platform has been used for Grane field development. The platform consists of a fixed steel frame construction lying on the seabed. The gas is being injected into the field for enhanced oil recovery. The gas has been brought from Heimdal gas center through a 50km long Grane gas pipeline. The crude oil is transferred to Sture terminal through a 220m long Grane oil pipeline.
A total of 40 wells have been planned in this field. Out of these 40 wells, 31 wells are oil producing wells, four wells are water injection wells and five wells are gas injection. Several new multilateral wells are being planned. The first water injection well is planned to be drilled in 2010.
The field contains approximately 1,270 million barrels of oil in-place, and recoverable reserves are estimated to be at around 700 million barrels. The field life of Grane is expected to be around 25 years with complete abandonment during 2027. The field is expected to generate 17.20 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 17.93%.
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
For more information, please visit:
http://www.aarkstore.com/reports/Grane-Norway-Commercial-Asset-Valuation-and-Forecast-to-2027-58350.html
Or email us at press@aarkstore.com or call +919272852585
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