New Report: Thunder Horse, Gulf of Mexico, Commercial Asset Valuation and Forecast to 2035 or 2038

Aug. 23, 2010 - PRLog -- Thunder Horse is located in the south central part of the prolific Missisippi Canyon (MC) block of Gulf of Mexico, US. The field is located 156 miles southeast of New Orleans or approximately 69 miles from the Louisiana coastline. Thunder Horse is ultra deepwater oil and gas field located in water depth of 6050 feet. The field consists of two main structures known as Thunder Horse Main and Thunder Horse North. The field is located in MC blocks 775,776,777,778,821,822.

The field is producing by a production, drilling and quarters (PDQ) facility called Thunder Horse PDQ located in MC block 778. The platform has the capacity to process 250,000 barrels of oil and 200 million cubic feet of gas per day.

Thunder Horse is operated by BP plc which is also the major owner (75%) of the field and rest is owned by ExxonMobil (25%). The discovery was made in 1999 but commercial oil production was started in June 2008.

Crude Oil produced from Thunder horse is of medium gravity, low sulphur with an API of about 34.5 and the sulphur content is about 0.62 wt%.

Thunder Horse produced 68.30 million barrels of crude oil and 57501.2 million cubic feet of gas during 2009. The owners of the field are planning to expand the capacity in two development phases within next 10-12 year.

The field (or mine) life of Thunder Horse is expected to be around 25-30 years with abandonment to start during 2036 without Enhanced Oil Recovery (EOR) or 2033 with EOR. The field is expected to generate $111.38 billion without EOR or $111.57 billion with EOR in revenues (undiscounted) during its remaining life (starting 1/1/2010) and is expected to yield an IRR of around 18.43% without EOR or 18.46% with EOR.

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 3
1.1 List of Tables 4
1.2 List of Figures 4
2 Thunder Horse, Gulf Of Mexico, US, Introduction 5
3 Thunder Horse, Gulf Of Mexico, Geology and Formation 7
4 Thunder Horse, Gulf Of Mexico, Equity Partners 8
5 Thunder Horse, Gulf Of Mexico, Crude Oil Reserves 9
6 Thunder Horse, Gulf Of Mexico, Key Fiscal Terms 10
6.1 Contract Type 10
6.2 Royalty 10
6.3 Royalty Suspension Volume 11
6.4 Bonuses 11
6.5 Taxation 11
7 Thunder Horse, Gulf Of Mexico, Infrastructure 12
7.1 Upstream infrastructure 12
7.2 Midstream Infrastructure 12
8 Thunder Horse, Gulf Of Mexico, Development Plan, Investment and Expenditure 14
9 Thunder Horse, Gulf Of Mexico, Production 16
10 Thunder Horse, Gulf Of Mexico, Field Economics 19
10.1 Thunder Horse, Economic Assumptions 19
10.1.1 Forecast Commodity Prices 19
10.1.2 Inflation 19
10.1.3 Discount Rate and Representation of Cash Flows 19
10.1.4 Cost Assumptions 19
10.1.5 Sensitivity 19
10.1.6 Access to the Economic Model 19
10.2 Thunder Horse, Gulf Of Mexico, Cash Flow Analysis 20
10.3 Thunder Horse,GOM, US, Remaining PV Sensitivity Analysis 22
10.3.1 Remaining NPV Sensitivity to Discount Rates 22
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 24
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 25
11 Thunder Horse, Gulf Of Mexico, Summary Cash Flows 27
11.1 Thunder Horse, Gulf of Mexico, Front End Load Due To Fiscal Policy 29
11.2 Thunder Horse, Gulf of Mexico, Tax Liability 31
12 Appendix 33
12.1 Methodology 33
12.2 Coverage 33
12.3 Secondary Research 33
12.4 Primary Research 33
12.5 E&P Forecasts 34
12.6 Capital Costs 34
12.7 Exploration and Appraisal (E&A) Costs 34
12.8 Operating Costs 35
12.9 Expert Panel Validation 35
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

1.1 List of Tables

Table 1: Thunder Horse, Gulf Of Mexico, Key Asset Data, 2010 5
Table 2: Thunder Horse, Gulf Of Mexico, Reserves Estimate, January 2010 9
Table 3: Thunder Horse, Gulf Of Mexico Crude Oil Royalty, January 2010 10
Table 4:: Thunder Horse, Gulf of Mexico, Crude Oil Royalty, Nov 2000 onwards 10
Table 5 Gulf of Mexico, Royalty Suspension Volume, Post March 2005 11

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7784...

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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.