New Study: Ourhoud, Saharan Berkine Basin, Algeria Commercial Asset Valuation and Forecast to 2015

Aug. 31, 2010 - PRLog -- The Ourhoud field  is an oil producing field located in Saharan Berkine Basin of Algeria, combining the blocks 404, 405 and 406a. The field is situated at 320km South-East of Hassi Messaoud, and 1,200km South-East of Algiers, the capital city of Algeria. The field is developed and operated as a unitized field by a consortium led by Sonatrach, the national oil company of Nigeria. The total surface area of the field is approximately 243 sq km, with dimensions of around 27km in length and 9km in width. These dimensions make it the second largest oil field in Algeria, second only to Hassi Messaoud.

The field was discovered in 1994 by Anadarko, and Sonatrach is the operator of the field since its discovery. The field came on stream in December 2002, with first oil sales made in January 2003.

The field reservoir contains light sweet crude oil with an average specific gravity of around 41degAPI. At the time of discovery, the field had total ultimate recoverable reserves of more than one billion barrels of oil. The field is estimated to contain total recoverable Proved plus Probable (2P) reserves of 1,000 million barrels of crude oil. The field's estimated remaining 2P reserves as of December 2009 were 438.3 million barrels of crude oil.

The discovery well, BKE-1 well found oil in TAGI sandstone, flowing at 15,275 barrels per day of 40.4 degrees API oil. The field reached peak production at the rate of 238,000 barrels of oil per day (bopd) during 2007.The Ourhoud field produced approximately 213,000 bopd during the year 2009.

The field life of the Ourhoud field is expected to be 13 years with complete abandonment during 2015. The field is expected to generate $28.8 billion in gross revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 47.8%.

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 Ourhoud Field, Introduction 5
3 Ourhoud Field, Geology and Formations 6
4 Ourhoud Field, Equity Details 8
5 Ourhoud Field, Crude Oil Reserves 9
6 Ourhoud Field, Applicable Fiscal Regime 9
6.1 Governing Authority 9
6.2 Royalty 9
6.3 Petroleum Resource Rentals- Surface Tax 9
6.4 Taxation 10
6.5 Deductions and Depreciation 10
7 Ourhoud Field, Infrastructure 11
7.1 Upstream Infrastructure 11
7.1.1 Well Details 11
7.1.2 Crude Oil Recovery Plant project 12
7.2 Midstream Infrastructure- Export Pipeline 12
8 Ourhoud Field, Crude Oil Production 13
9 Ourhoud Field, Algeria, Field Economics 15
9.1.1 Forecast Commodity Prices 15
9.1.2 Inflation 15
9.1.3 Discount Rate and Representation of Cash Flows 15
9.1.4 Sensitivity 15
9.1.5 Access to the Economic Model 15
9.2 Ourhoud Field, Cash Flow Analysis 16
9.3 Ourhoud Field, Remaining PV Sensitivity Analysis 17
9.4 Ourhoud Field, Summary Cash Flows 20
9.5 Ourhoud Field, Front End Load Estimations 21
9.6 Ourhoud Field, Tax Liability 22
10 Appendix 23
10.1 Methodology 23
10.2 Coverage 23
10.3 Secondary Research 23
10.4 Primary Research 23
10.5 E&P Forecasts 24
10.6 Capital Costs 24
10.7 Exploration and Appraisal (E&A) Costs 24
10.8 Operating Costs 24
10.9 Expert Panel Validation 25
10.10 About GlobalData
10.11 Contact Us
10.12 Disclaimer

1.1 List of Tables

Table 1: Ourhoud Field, Algeria, Field Details, 2010 6
Table 2: Ourhoud Field, Algeria, Equity Partners and Their Equity Stakes, 2010 9
Table 3: Algeria - Zone D, Crude Oil and Natural Gas, Minimum Royalty Rate, 2010 10
Table 4:  Algeria - Zone D, Exploration Period Surface Tax, 2010 10

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7780...

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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.