New Market Report: Sleipner Ost Field, Norway, Commercial Asset Valuation and Forecast to 2015

Aug. 26, 2010 - PRLog -- Sleipner Ost is an offshore gas field located in the block 15/9 in the South Viking Graben Area of the Norwegian North-Sea. It is located around 240km west of Stavanger, the coastal city in Norway, in around (269 feet) 82m deep water. Statoil Petroleum AS is the operator of the field. The Sleipner Ost field was discovered in June 1981.

Statoil Petroleum AS is the major equity holder in the field with 59.6%. The other partners include Total E&P Norge AS and ExxonMobil Exploration & Production Norway AS.

The Sleipner Ost field also includes a small satellite gas reserve located north of the field in the same block. It is known as Loke. This satellite field was included in the Sleipner Ost since 2001.

Sleipner Ost produces natural gas, natural gas liquids (NGL) and condensate from its Hugin and Ty Formation sandstone reservoirs in the block. The condensate is of 57.5th API with around 0.02% sulfur.

Sleipner Ost produced 79.3 billion cubic feet (Bcf) of natural gas, 2.3 million barrels (Mmbbls) of NGL and 1.1 Mmbbls of condensate during 2009. The owners of the field are drilling new wells for improved recovery and also through additionally reduced pressure inlet.

The life of Sleipner Ost is estimated to be 23 years with complete abandonment during 2015. The field is expected to generate $698.32m in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an Internal Rate of Return (IRR) of around 10.42%.

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 4
2 Sleipner Ost Field, Norway, Introduction 5
3 Sleipner Ost Field, Norway, Geology and Formations 7
4 Sleipner Ost Field, Norway, Equity Details 9
5 Sleipner Ost Field, Norway, Gas and Condensate Reserves 9
6 Sleipner Ost Field, Norway, Applicable Fiscal Regime 10
6.1 Contract Type 10
6.2 Royalty 10
6.3 Fees 10
6.4 Special Petroleum Tax 10
6.5 Taxation 10
6.6 Carbon DioxideTax 10
6.7 Deductions and Depreciation 10
7 Sleipner Ost Field, Norway, Infrastructure 11
7.1 Upstream Infrastructure 11
7.1.1 Well Details 11
7.1.2 Sleipner A PUQ Platform 11
7.1.3 Sleipner T Gas Processing Platform 11
7.2 Midstream Infrastructure 12
8 Sleipner Ost Field, Norway, Development Plan, Investment and Expenditure 12
8.1 Phase 1A 12
8.2 Phase 1B 12
8.3 Phase 2 13
9 Sleipner Ost Field, Norway, Oil and Gas Production 13
9.1 Sleipner Ost Field, Norway, Condensate Production 13
9.2 Sleipner Ost Field, Norway, Natural Gas Production 14
9.3 Sleipner Ost Field, Norway, NGL Production 16
10 Sleipner Ost Field, Norway, Field Economics 18
10.1 Sleipner Ost Field, Norway, Economic Assumptions 18
10.1.1 Forecast Commodity Prices 18
10.1.2 Inflation 19
10.1.3 Discount Rate and Representation of Cash Flows 19
10.1.4 Sensitivity 19
10.1.5 Access to the Economic Model 19
10.2 Sleipner Ost Field, Norway, Cash Flow Analysis 19
10.3 Sleipner Ost Field, Norway, Remaining PV Sensitivity Analysis 21
10.3.1 Remaining NPV Sensitivity to Discount Rates and Commodity Price 21
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production Rates 21
10.3.3 Remaining NPV Sensitivity to Special Petroleum Tax and Production Rate 22
11 Sleipner Ost Field, Norway, Summary Cash Flows 23
11.1 Sleipner Ost Field, Norway, Front End Load Due To Fiscal Policy 25
11.2 Sleipner Ost Field, Norway, Tax Liability 26
12 Appendix 27
12.1 Methodology 27
12.2 Coverage 28
12.3 Secondary Research 28
12.4 Primary Research 28
12.5 E&P Forecasts 28
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

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.