New Market Report: Elephant Field, Libya, Commercial Asset Valuation and Forecast to 2025

Fast Market Research recommends "Elephant Field, Libya, Commercial Asset Valuation and Forecast to 2025" from GlobalData, now available
 
Aug. 27, 2010 - PRLog -- The Elephant field (El Feel) is located onshore in giant Murzuq basin, block NC-174, in Libya. It is located in the south-western Libyan desert about 800 kilometers south of Tripoli, the capital of Libya. It is one of the largest fields in the basin. Agip Oil Company Ltd. (North Africa and Middle East) is the operator of the field. It is equally owned by National Oil Corporation of Libya and Eni S.p.A. of Italy.

The two major equity partners of the Elephant field are National Oil Corporation of Libya and Eni S.p.A. of Italy with 33.33% each. The other partners are Korea National Oil Corporation, SK Corporation of Korea, Majuko Enterprise Ltd. of Korea and Daesung Industrial Company Ltd. of Korea.

The Elephant field was discovered in 1997 and came on stream in February 2004 with an initial production of 10,000 barrels per day. It produces crude oil with 38o to 39o API. The price of the Elephant crude oil is at par with the Brent Blend.

The Elephant field produced an estimated average of 54.75 million barrels of oil equivalent during 2009 which is also its peak capacity. Continuous development activities are going on to maintain plateau production in the field by using water injection technology.

The life of the Elephant field is expected to be around 20 years with complete abandonment during 2025. The field is expected to generate $49.43 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 66.40%.

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:
-  http://www.fastmr.com/prod/77836_elephant_field_libya_com...

Partial Table of Contents:

1 Table of contents 2
1.1 List of Tables 3
1.2 List of Figures 3
2 Elephant Field, Libya, Introduction 4
3 Elephant Field, Libya, Geology, Geography and Formations 6
4 Elephant Field, Libya, Equity Details 7
5 Elephant Field, Libya, Crude Oil and Natural Gas Reserves 8
6 Elephant Field, Libya, Applicable Fiscal Regime 9
6.1 Contract Type 9
6.2 State Participation 9
6.3 Exploration License (EL) Duration 9
6.4 Exploration Obligation 9
6.5 Production Rights, Area and Duration 9
6.6 Bonuses 9
6.7 Cost Recovery 9
6.8 Profit Sharing 9
6.9 Taxation 10
6.10 Depreciation 10
7 Elephant Field, Libya, Infrastructure 10
7.1 Upstream Infrastructure 10
7.2 Midstream Infrastructure 11
8 Elephant Field, Development Plan, Investment and Expenditure 12
8.1 Phase One 12
8.2 Phase Two 12
9 Elephant Field, Libya, Oil and Gas Production 12
10 Elephant Field, Libya, Field Economics 14
10.1 Elephant Field, Libya, 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 Elephant Field, Libya, Cash Flow Analysis 15
10.3 Elephant Field, Libya, Remaining PV Sensitivity Analysis 16
10.3.1 Remaining NPV Sensitivity to Discount Rates and Commodity Price 16
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production Rates 17
10.3.3 Remaining NPV Sensitivity to Discount Rates and Production Rate 18
11 Elephant Field, Libya, Summary Cash Flows 19
11.1 Elephant Field, Libya, Front End Load Due To Fiscal Policy 20
11.2 Elephant Field, Libya, Estimated Depreciation 20
11.3 Elephant Field, Libya, Tax Liability 21
12 Appendix 22
12.1 Methodology 22
12.2 Coverage 22
12.3 Secondary Research 22
12.4 Primary Research 22
12.5 E&P Forecasts 23
12.6 Capital Costs 23
12.7 Exploration and Appraisal (E&A) Costs 23
12.8 Operating Costs 23
12.9 Expert Panel Validation 24
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

1.1 List of Tables

Table 1: Elephant Field, Libya, Key Asset Data, 2010 4
Table 2: Elephant Field, Libya, Equity Partners and their Equity Stakes 7
Table 3: Elephant Field, Libya, Field Reserves, January 2010 8

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7783...

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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.

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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.
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