subject: Block 17, Angola, Commercial Asset Valuation And Forecast To 2030 - Aarkstore Enterprise [print this page] Aarkstore announce a new report "Block 17, Angola, Commercial Asset Valuation and Forecast to 2030 " through its vast collection of market research report.
Block 17, Angola, Commercial Asset Valuation and Forecast to 2030 - Block 17 is one of Angolas first large deepwater projects, which is located off the coast of Angola, West Africa at a water depth of 1,000-1,500m. It is around 200km north-west of the Angolan capital of Luanda. It was discovered in 1996 and covers an area of 5,030sq km.
Block 17 was awarded to Elf in 1991, which acted as the operator until 1999, later the company merged with Total E&P Angola. The Angolan national oil company, Sonangol is the concessionaire of the block. Under a Production Sharing Agreement (PSA) with Sonangol, TotalFinaElf E&P Angola has been contracted as the operator of Block 17 and holds a 40% interest in the Block.
Block 17 is composed of four major production zones. They are Girassol, Dalia, Pazflor and CLOV (named after Cravo, Lirio, Orquidea, Violeta). Two of the four production zones, the Girassol and the Dalia are in production, and the rest of the production zones are in the development phase as of 2010. Blocks reservoir type is heavy to medium oil, with its API varying within a range of 17 and 38 degrees.
During the exploration period, from 1996 to 2003, a total of 29 exploration and appraisal wells have been drilled. A total of 15 discoveries were announced to date in Block 17. These discoveries are Girassol, Dalia, Rosa, Lirio, Cravo, Orqudea, Camelia, Tulipa, Jasmim, Perpetua, Violeta, Anturio, Zinia, Acacia and Hortensia.
The Girassol production zone comprises the Girassol, Jasmim and Rosa discoveries. Dalia production zone comprises the Dalia and Camelia discoveries. The Pazflor production zone comprises Hortensia, Perpetua, Acacia and Zinia discoveries. CLOV, the fourth production zone comprises Cravo, Lirio, Violeta, Orquidea, Anturio and Tulipa discoveries.
The development activities in the Girassol and Dalia production zones are completed as of this date. Currently, operators are developing the Pazflor production zone, which is expected to start producing oil from the Perpetua, Hortensia, Zinia and Acacia fields in 2011. The development activities in the CLOV have been started in 2009 and GlobalData expects CLOV to start production from 2011.
The production from the Block 17 started in 2001 from one of its producing fields in Girassol Zone. The total annual production from Block 17 in 2009 was approximately 167.2 million barrels. The maximum production capacity of block 17, encompassing all four FPSOs of all production zones totals around 890 Mbbls/d (thousand barrels per day). However, the block is estimated to peak at a capacity of 647 Mbbls/d in 2013.
The block life is expected to be 30 years with the end of its productive life during 2030. The block is expected to generate $227.5 billion in gross revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of 23.1%.
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
