Just Released: "Norne Field, Norway, Commercial Asset Valuation and Forecast to 2020"

Aug. 25, 2010 - PRLog -- Norne is located in blocks 6608/10 and 6608/11 in the Nordland II area on the Norwegian continental shelf at a distance of 85 kilometers from Heidrun Field. Norne is an offshore oil and gas field discovered in 1992 by StatoilHydro ASA. Water depth of the field varies between 370 to 390 meters.

Statoil Hydro is the operator of Norne since 1997 and holds 39.1% equity stake. Other partners of the field are Petoro AS (54%) and Eni Norge AS (6.9%).

The field reservoir contains medium density, sweet (low sulphur) and waxy crude oil with an average specific gravity of around 32.7deg API.

Norne produced 13.9 million barrels of crude oil and 6.4 billion cubic feet of gas during 2009. The cumulative production till 2009 is 520 million barrels of oil and 214 billion cubic feet of gas. Peak production from the field was 71 million barrels of oil in 2001. It was initially estimated to produce 220,000 barrels of oil per day.

The field life of Norne is expected to be around 20 to 24 years with complete abandonment during 2020. The field is expected to generate $4.4 billions in revenues (undiscounted) during its remaining life (starting from 01/01/2010) and is expected to yield an IRR of around 14.19%.

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:
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Partial Table of Contents:

1 Table of contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 Executive Summary 5
3 Norne, Norway, Introduction 7
4 Norne, Norway, Geology and Formation 9
5 Norne, Norway, Equity Partners 10
6 Norne, Norway, Crude Oil and Gas Reserves 10
7 Norne, Norway, Key Fiscal Terms 11
7.1 Contract Type 11
7.2 Royalty 11
7.3 Fees 11
7.4 Special Petroleum Tax 11
7.5 Taxation 11
8 Norne, Norway, Infrastructure 12
8.1 Upstream Infrastructure 12
8.1.1 Subsea Facilities 12
8.1.2 Norne FPSO 12
9 Norne, Norway, Development Plan, Investment and Expenditure 14
10 Norne, Norway, Crude Oil and Natural Gas Production 17
11 Norne, Norway, Economics 20
11.1 Norne, Economic Assumptions 20
11.1.1 Forecast Commodity Prices 20
11.1.2 Inflation 20
11.1.3 Discount Rate and Representation of Cash Flows 20
11.1.4 Sensitivity 20
11.1.5 Access to the Economic Model 20
11.2 Norne, Norway, Cash Flow Analysiss 21
11.3 Norne Field, Norway, Remaining PV Sensitivity Analysis 22
11.3.1 Remaining NPV Sensitivity to Discount Rates 22
11.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 23
11.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 24
11.4 Norne, Norway, Summary Cash Flows 25
11.5 Norne, Norway, Front End Load Estimations 26
11.6 Norne, Norway, Tax Liability 27
12 Appendix 28
12.1 Methodology 28
12.2 Coverage 28
12.3 Secondary Research 28
12.4 Primary Research 28
12.5 E&P Forecasts 29
12.6 Capital Costs 29
12.7 Exploration and Appraisal (E&A) Costs 29
12.8 Operating Costs 29
12.9 Expert Panel Validation 30
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

1.1 List of Tables

Table 1: Norne, Norway, Key Valuation Metrics, Mid Year 2010 6
Table 2: Norne, Norway, Key Equity Partners 6
Table 3: Norne, Norway, Key Asset Data, 2010 7
Table 4: Norne, Norway, Field Reserves, January 2010 10
Table 5: Norne, Norway, Exploration Wellbore(s) 14
Table 6: Norne, Norway, Development Wellbore(s) 15
Table 7: Norne, Norway, Crude oil, Natural gas and NGL Historic and Forecast Production, 1997-2020 19
Table 8: Norne, Norway, Commodity Price Assumptions, 1997-2020 20
Table 9: Norne, Norway, Project Analysis Metrics, 2010 21

Full Table of Contents is available at:
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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.