Just Released: "Sleipner Vest, Norway, Commercial Asset Valuation and Forecast to 2013"

Aug. 26, 2010 - PRLog -- Sleipner Vest is located approximately 250km west of Stavanger from the coastline in the middle of the North Sea in Norway. Sleipner Vest is an offshore natural gas field that covers a total area of 260,000 hectares of the Norwegian sea. Statoil ASA is the operator of the field and a leading operator in the Norwegian continent shelf. It is a major field in the North Sea in Norway, other than Sleipner Ost and Sleipner Est. Sleipner Vest field comprises mainly condensate, natural gas and natural gas liquid (NGL). It also comprises carbon dioxide gas.

Sleipner Vest has a major equity partner Statoil ASA with 49.50% equity stake. The other equity partners are Exxonmobil Exploration & Produksjon Norway AS, Norskhydro Produksjon AS and Total E&P Norge AS.

Sleipner Vest field produces condensate and NGL of Brent Blend quality having 57.50 deg degree API and low sulfur (0.04 mass %).  

Sleipner Vest produced 11.91 million barrels of condensate (including NGL) and 274.79 billion cubic feet of natural gas during 2009. Sleipner Vest has a current capacity of 11.19 million barrels of condensate (including NGL) and 211.18 billion cubic feet of natural gas. In 2003, the owners of the field have expanded the capacity by incorporating Sleipner Vest Compression project and Sleipner Vest Alfa North Satellite Project in two and three development phases. This helped to boost the field production.

The field life of Sleipner Vest is expected to be around 17-18 years with complete abandonment during 2013. The field is expected to generate $6.38 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 22.53%.

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 3
1.2 List of Figures 3
2 Sleipner Vest, Norway, Introduction 4
3 Sleipner Vest, Norway, Geology and Formation 6
4 Sleipner Vest, Norway, Equity Partners 7
5 Sleipner Vest, Norway, Natural Gas, NGL and Condensate Reserves 8
6 Sleipner Vest, Norway, Key Fiscal Terms 9
6.1 Royalty 9
6.2 Fees 9
6.3 Special Petroleum Tax 9
6.4 Taxation 9
6.5 Carbon dioxideTax 9
6.6 Deductions and Depreciation 9
7 Sleipner Vest, Norway, Infrastructure 11
7.1 Upstream Infrastructure 12
7.1.1 Geological Sequestration 12
7.1.2 Amine Process Treatment 12
7.2 Midstream Infrastructure 13
8 Sleipner Vest, Norway, Development Plan, Investment and   Expenditure 14
8.1 Stage One (1993-1994) 14
8.2 Stage Two (1994-1995) 14
8.3 Stage Three (1995-1996) 14
8.4 Stage Four (1995-1996) 14
8.5 Stage Five (1996-1997) 14
9 Sleipner Vest, Norway, Natural Gas Liquid and Condensate 15
10 Sleipner Vest, Norway, Field Economics 17
10.1 Sleipner Vest, Economic Assumptions 17
10.1.1 Forecast Commodity Prices 17
10.1.2 Inflation 17
10.1.3 Discount Rate and Representation of Cash Flows 17
10.1.4 Sensitivity 17
10.1.5 Access to the Economic Model 17
10.2 Sleipner Vest, Norway, Cash Flow Analysis 18
10.3 SleipnerVest, Norway, Remaining PV Sensitivity Analysis 19
10.3.1 Remaining NPV Sensitivity to Discount Rates 19
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 20
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 21
11 Sleipner Vest, Norway, Summary Cash Flows 22
11.1 Sleipner Vest, Norway, Front End Load Due To Fiscal Policy 23
11.2 Sleipner Vest, Norway, Tax Liability 24
12 Appendix 25
12.1 Methodology 25
12.2 Coverage 25
12.3 Secondary Research 25
12.4 Primary Research 26
12.5 E&P Forecasts 26
12.6 Capital Costs 27
12.7 Exploration and Appraisal (E&A) Costs 27
12.8 Operating Costs 27
12.9 Expert Panel Validation 27
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

1.1 List of Tables

Table 1: Sleipner Vest, Norway, Equipments 12
Table 2: Sleipner Vest, Norway, Condensate (Including NGL) Production, 1996-2013 15
Table 3: Sleipner Vest, Norway, Natural Gas Production, 1996-2011 16

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.