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Follow on Google News | Recent Study: Waha Oil Field (Redevelopment), Libya, Commercial Asset Valuation and Forecast to 2016New Energy market report from GlobalData: "Waha Oil Field (Redevelopment), Libya, Commercial Asset Valuation and Forecast to 2016"
The field is managed by Waha Oil Company, which is a consortium formed by three international oil companies in collaboration with the national oil company of Libya. A majority of the equity in the Waha oil field is owned by the National Oil Corporation of Libya (NOC). This company owns 59.17% of stake in this field. Waha field produces crude oil with 36 to 38 deg API and low sulfur (0.15%). The price of the crude is near par to Brent, with a negligible discount. Waha oil field produced 350,000 barrels per day (bpd) of crude oil during 2009 and has a current production capacity of around 100 million barrels of crude oil per year. Since the field is nearing its maturity, the production of oil from the field is likely to decline at a natural rate of 7 to 8% annually during the forecasted period. The owners of the field decided to use enhanced oil recovery (EOR) techniques to increase the falling production of the field. The field life of Waha, after the redevelopment phase in 2005 is expected to be around 11-12 years. The field is expected to be completely abandoned by 2016. During its useful life, the field is expected to generate $44.16m in revenues (undiscounted) 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) * 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/ Partial Table of Contents: 1 Table of contents 2 1.1 List of Tables 3 1.2 List of Figures 3 2 Waha Oil Field, Libya, Introduction 4 3 Waha Oil Field, Libya, Geology and Formations 6 4 Waha Oil Field, Libya, Equity Partners 7 5 Waha Oil Field, Libya, Crude Oil Reserves 8 6 Waha Oil Field, Libya, Key Fiscal Terms 9 6.1 Contract Type 9 6.2 Exploration License (EL) Duration 9 6.3 Exploration Obligation 9 6.4 Production Rights, Area and Duration 9 6.4.1 Type of Right 9 6.4.2 Area 9 6.4.3 Duration 9 6.5 Bonuses 9 6.6 Cost Recovery 9 6.7 Profit Sharing 9 6.8 Taxation 10 6.9 Depreciation 10 7 Waha Oil Field, Libya, Infrastructure 11 7.1 Upstream Infrastructure 11 7.2 Midstream Infrastructure 11 7.2.1 Waha - Pipelines 11 8 Waha Oil Field, Libya, Investment, Expenditure and Production Plan 12 9 Waha Oil Field, Libya, Crude Oil Production 13 10 Waha Oil Field, Libya, Field Economics 14 10.1 Waha Oil Field, Economic Assumptions 14 10.1.1 Forecast Commodity Prices 14 10.1.2 Inflation 14 10.1.3 Discount Rate and Representation of Cash Flows 14 10.1.4 Sensitivity 14 10.1.5 Access to the Economic Model 14 10.2 Waha Oil Field, Cash Flow Analysis 15 10.3 Waha Oil Field, Libya, Remaining PV Sensitivity Analysis 16 10.3.1 Remaining NPV Sensitivity to Discount Rates 16 10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 17 11 Waha Oil Field, Libya, Summary Cash Flows 18 11.1 Waha Oil Field, Libya, Front End Load Due To Fiscal Policy 19 11.2 Waha Oil Field, Libya, Tax Liability 20 12 Appendix 21 12.1 Methodology 21 12.2 Coverage 21 12.3 Secondary Research 21 12.4 Primary Research 21 12.5 E&P Forecasts 22 12.6 Capital Costs 22 12.7 Exploration and Appraisal (E&A) Costs 22 12.8 Operating Costs 23 12.9 Expert Panel Validation 23 12.10 About GlobalData 12.11 Contact Us 12.12 Disclaimer 1.1 List of Tables Table 1: Waha Oil Field, Libya, Key Asset Data, 2010 4 Table 2: Waha Oil Field, Libya, Profit Sharing, Value of Factor A 10 Table 3: Waha Oil Field,, Libya, Profit Sharing, Value of Factor B 10 Table 4: Waha Oil Field, Libya, Crude Oil Production, Thousand Barrels, 2005-2016 13 Table 5: Waha Oil Field, Libya Commodity Price Assumptions, 2010-2016 14 Full Table of Contents is available at: -- http://www.fastmr.com/ 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/ 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. End
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