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Now Available: Lennox, Liverpool Bay, United Kingdom,Commercial Asset Valuation and Forecast to 2017

Recently published research from GlobalData, "Lennox, Liverpool Bay, United Kingdom,Commercial Asset Valuation and Forecast to 2017", is now available at Fast Market Research

 
PRLog - Aug. 23, 2010 - Lennox is located in the Liverpool Bay area in the East Irish Sea basin UK. The field is located 5km from the coast and 10km west of Southport, Lancashire. Lennox is an offshore oil and gas field located in water depth of 40 feet . The field is situated in blocks 110/15 and an extension is located in 110/14.

The field is produced by an unmanned production platform. The oil produced at Lennox field is processed, blended and sent through a 20km pipeline to offshore storage installation (OSI) before loading it in tankers for shipping. The gas produced at Lennox field is partly processed at Douglas platform before it is sent via 34km long pipeline to the gas terminal at Point of Ayr, on the North West cost. The platform is linked to the main Douglas complex using pipelines and communication systems.

Lennox is operated by BHP Billiton UK which is a minority partner (46.10%) in the field with the rest owned by ENI UK (53.90%). The discovery was made in 1992 but commercial oil production was only started in February 1996.

Crude oil produced from Lennox is of medium gravity, low sulfur with an API of 45deg with a gas-oil ratio of 650 standard cubic feet per barrel. The crude oil has a high amount of hydrogen sulfide and mercaptans which is removed during processing at Douglas complex.

Lennox produced 2.52 million barrels of crude oil and 30,371 million cubic feet of gas during 2009.

The field life of Lennox is expected to be around 23 years with abandonment to start during 2016. The field is expected to generate $1881.91m in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an internal rate of return of 20.20%.

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 country's fiscal policies impact the cash flows and the present value of the asset

For more information or to purchase this report, go to:
- http://www.fastmr.com/prod/77795_lennox_liverpool_bay_uni...

Partial Table of Contents:

1 Table of contents 2
1.1 List of Tables 3
1.2 List of Figures 3
2 Lennox, Liverpool Bay, UK, Introduction 4
3 Lennox, Liverpool Bay, UK, Geology and Formation 6
4 Lennox, Liverpool Bay, UK, Equity Partners 8
5 Lennox, Liverpool Bay, UK, Crude Oil Reserves 8
6 Lennox, Liverpool Bay, UK, Key Fiscal Terms 9
6.1 Royalty 9
6.2 Bonuses 9
6.3 Rentals 9
6.4 Fees 9
6.5 Taxation 9
6.6 Petroleum Revenue Tax (PRT) 9
6.7 Deductions 9
6.7.1 Capital Allowance 9
6.7.2 Withholding Tax 10
6.7.3 Ring Fence 10
6.8 Key Information 10
7 Lennox, Liverpool Bay, UK, Infrastructure 12
7.1 Upstream infrastructure 12
7.2 Midstream Infrastructure 13
8 Lennox, Liverpool Bay, UK, Development Plan, Investment and Expenditure 15
9 Lennox, Liverpool Bay, UK, Production 17
10 Lennox, Liverpool Bay, UK, Field Economics 19
10.1 Lennox, Economic Assumptions 19
10.1.1 Forecast Commodity Prices 19
10.1.2 Inflation 19
10.1.3 Discount Rate and Representation of Cash Flows 19
10.1.4 Cost Assumptions 19
10.1.5 Sensitivity 19
10.1.6 Access to the Economic Model 19
10.2 Lennox, Liverpool Bay, UK, Cash Flow Analysis 20
10.3 Lennox,Liverpool Bay, UK, Remaining PV Sensitivity Analysis 22
10.3.1 Remaining NPV Sensitivity to Discount Rates 22
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 23
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 24
11 Lennox, Liverpool Bay, Summary Cash Flows 25
11.1 Lennox, Liverpool Bay, Front End Load Due To Fiscal Policy 26
11.2 Lennox, Liverpool Bay, UK, Tax Liability 27
12 Appendix 28
12.1 Methodology 28
12.2 Coverage 28
12.3 Secondary Research 29
12.4 Primary Research 29
12.5 E&P Forecasts 29
12.6 Capital Costs 30
12.7 Exploration and Appraisal (E&A) Costs 30
12.8 Operating Costs 30
12.9 Expert Panel Validation 31
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

1.1 List of Tables

Table 1: Lennox, Liverpool Bay, UK, Key Asset Data, 2010 4
Table 2: Lennox, Liverpool Bay, UK, Reserves Estimate, January 2010 8
Table 3: Lennox, Liverpool Bay, UK, Well Development Plan, 2010 16
Table 4: Lennox, Liverpool Bay, UK, Crude Oil and Gas Production, 2010 17

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7779...

About GlobalData

GlobalData is a leading provider of global business intelligence including market, competitor, product and customer information. It provides in-depth research, analysis, data and forecasts through a range of interactive online databases, reports and management briefings. GlobalData has a large team of experienced research and analysis, consulting, and marketing experts. It has a global presence, including key offices in the US, Europe and Asia. The group has over 50 years of experience of delivering market intelligence data and analysis and a highly experienced senior management team. View more research from GlobalData at http://www.fastmr.com/catalog/publishers.aspx?pubid=1015

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Energy, Industrial, Research
Tags:lennox, bay, liverpool, remaining, sensitivity, oil, cash, field, commodity, tax
Shortcut:prlog.org/10877337
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