New Report: Bayu-Undan, Timor Sea (JPDA), Australia, Commercial Asset Valuation and Forecast to 2029

Aug. 27, 2010 - PRLog -- Bayu-Undan field is located in the Timor Sea Joint Petroleum Development Area (JDPA) about 250 kilometers south of East Timor and 500 kilometers northwest of Darwin (offshore), Australia. Field covers an area of approximately 160 square kilometers with a water depth of 80 meters. Bayu Undan spans the production sharing contract areas 03-12 and 03-13. The field is at equal distances from the boundaries of Block 91-12(60%) and 91-13(40%) under Area-A of Australia / Indonesia Zone of Cooperation.

ConocoPhillips is the operator of the field with 57.20% equity stake. The other equity partners of the field are Santos, Inpex Corporation, ENI Australia, Tokyo Electric Power Co. Inc. and Tokyo Gas Co., Ltd.

Bayu-Undan field was discovered in 1995 by the group led by Phillips Petroleum Company with the drilling of Bayu-1 well. An another well Undan-1 drilled at a distance of around 10 kilometers by the group led by BHP Petroleum confirmed this discovery as a large accumulation. Discovery well Bayu-1 intersected a gas and condensate column of 155 meters and at a depth of 897 meters. The well tested 89.69 cubic feet of gas per day and 5.25 thousand barrels of condensate. Second well Bayu-2 tested around 34.50 million cubic feet of gas per day and two thousand barrels of condensate. Undan well tested 56.50 million cubic feet of gas per day and 3.90 thousand barrels per day of condensate.

Bayu-Undan produces condensate, LPG and LNG. The crude is of 55.90 degrees API and with 0.007% of sulphur quality. The field produced about 3,903,000 barrels of condensate and LPG and about 179,655.31 million cubic feet of LNG in 2009. The operators of the field are planning carry out new drilling programs in 2010.

The field life of Bayu-Undan is expected to be around 25 years with complete expected abandonment during 2029-2030. The field is expected to generate $64.23 billion in revenue (undiscounted) during 2010-2029 and is expected to yield an IRR of around 10.33%.

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/77831_bayuundan_timor_sea_jpda...

Partial Table of Contents:

1 Table of contents 2
1.1 List of Tables 3
1.2 List of Figures 3
2 Bayu-Undan, Timor Sea, Australia, Introduction 4
3 Bayu-Undan, Timor Sea, Australia, Geology and Formation 6
4 Bayu-Undan, Timor Sea, Australia, Equity Partners 8
5 Bayu-Undan, Timor Sea, Australia, Crude Oil and Natural Gas  Reserves 9
6 Bayu-Undan, Timor Sea, Australia, Key Fiscal Terms 10
6.1 Contract Type 10
6.2 Royalty 10
6.3 Cost Recovery 10
6.4 Profit Sharing 10
6.5 Supplemental Petroleum Tax 10
6.6 Taxation 10
7 Bayu-Undan, Timor Sea, Australia, Infrastructure 11
7.1 Upstream Infrastructure 11
7.1.1 Central Production and Processing Complex 11
7.1.2 Platforms 12
7.1.3 Floating Storage and Offloading Facility 12
7.1.4 Wells 12
7.2 Midstream Infrastructure 12
7.2.1 Gas Pipeline 13
7.2.2 LNG Plant 13
7.2.3 Processing Equipment 14
8 Bayu-Undan, Timor Sea, Australia, Development Plan 15
8.1 Phase-I, Liquids Production 15
8.2 Phase-II, Gas Production 16
8.3 Phase-III, Drilling for Development 16
9 Bayu-Undan, Timor Sea, Australia, Condensate, LPG and LNG Production 17
10 Bayu-Undan, Timor Sea, Australia, Field Economics 19
10.1 Bayu-Undan, 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 Sensitivity 19
10.1.5 Access to the Economic Model 19
10.2 Bayu-Undan, Cash Flow Analysis 20
10.3 Bayu-Undan, Timor Sea, Australia, Remaining PV Sensitivity Analysis 21
10.3.1 Remaining NPV Sensitivity to Discount Rates 21
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 22
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 23
11 Bayu-Undan, Timor Sea, Australia, Summary Cash Flows 24
11.1 Bayu-Undan, Timor Sea, Australia, Front End Load Due To Fiscal Policy 25

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

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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.