subject: Gullfaks, Norway, Commercial Asset Valuation And Forecast To 2015 - Aarkstore Enterprise [print this page] Aarkstore announce a new report "Gullfaks, Norway, Commercial Asset Valuation and Forecast to 2015" through its vast collection of market research report.
Gullfaks, Norway, Commercial Asset Valuation and Forecast to 2015 - The Gullfaks oil field is located in block 34/10 in the northern part of Norwegian North Sea. The water depth in the area is around 130-220m. This block was nicknamed the Golden block because of the high interest rate. The production license was awarded in 1978 under PL- 050 to three Norwegian companies Statoil, Norsk Hydro and the former Saga Petroleum. This was the first time an offshore license was awarded to a purely domestic consortium.
Statoil acts as the operator of the field with a 70% equity share. The field produces Gullfaks Blend crude oil which is light (37.5 API) and low sulphur content (0.22% mass) North Sea crude oil.
The field was developed from three platforms Gullfaks A, B and C with integrated processing, drilling and accommodation facilities. The Gullfaks Satellites Project consists of the Gullfaks Sr, Rimfaks, Gullveig, Gimle, Gulltopp and Skinfaks fields.
The estimated recoverable reserves as of December 31, 2009 are 2.27 billion barrels of oil and 821.5 (billion cubic feet) Bcf of gas. The field life of Gullfaks is expected to be around 30 years with complete abandonment during 2015. The field is expected to generate $7.88 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 11.85%.
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
