Recent Study: Statfjord Field, Norway, Commercial Asset Valuation and Forecast to 2022

Recently published research from GlobalData, "Statfjord Field, Norway, Commercial Asset Valuation and Forecast to 2022", is now available at Fast Market Research
 
Aug. 29, 2010 - PRLog -- The Statfjord field is located on Blocks 33/9 and 33/12 in the Tampen area of the northern sector of the North Sea. The field is approximately 220km north west of Bergen in east Shetland Basin, Norway. It lies in the border region of Norway and the UK. The Statfjord field is the largest field in the North Sea. The field is at a water depth of around 490 feet (150m) and the reservoir is at a depth of 8,202 to 9,843 feet (2,500 to 3,000m). The total area under the field is approximately 580 km sq. The field is operated by Statoil Petroleum AS which is the largest operator in the Norwegian continental shelf. It is involved in areas such as gas treatment, crude oil reception, refinement and methanol production. In addition to this the company is also responsible for the sale and distribution of energy products. The production at Statfjord field started in 1979.

The field is owned by seven equity partners. These equity partners are Enterprise Oil Norge AS, ConocoPhillips (UK) Limited, A/S Norske Shell, Centrica Resources Limited, ConocoPhillips Skandinavia AS, ExxonMobil Exploration & Production Norway AS and Statoil Petroleum AS. The majority of the stake is held by the operator of the field, Statoil Petroleum AS (33.3169%).
Statfjord produces crude oil, natural gas and condensate. However towards the end of the field's life Statfjord has been declared a natural gas field. The crude oil in the field has an API gravity ranging between 38th to 40th API and has a sulfur content of around 0.22%.

The production at Statfjord field started in 1979 from platform A and continued with the development of platform B in 1982 and Platform C in 1985. The field has produced around 3.53 billion barrels of crude oil, 2,154.92 bcf (billion cubic feet) of natural gas and 165.86 m boe (barrels of oil equivalent) of Natural Gas Liquids (NGL) till year 2009. The current production (2010) of the field is estimated to be 11.35m barrels of crude oil, 83.91 bcf of natural gas and 5.61m boe of NGL.

The life of the field is expected to be around 44 years with complete abandonment by 2022. The field is expected to generate 12.44 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR (Internal Rate of Return) of approximately 12.57%.

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/77818_statfjord_field_norway_c...

Partial Table of Contents:

1 Table of contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 Statfjord Field, Norway, Introduction 5
3 Statfjord Field, Norway, Geology and Formation 7
3.1 Upper Brent Reservoir 7
3.2 Lower Brent Reservoir 7
3.3 Dunlin Reservoir 7
3.4 Statfjord Reservoir 7
4 Statfjord Field, Norway, Equity Partners 9
5 Statfjord Field, Norway, Crude Oil and Natural Gas Reserves 10
6 Statfjord Field,  Norway, Key Fiscal Terms 10
6.1 Royalty 10
6.2 Fees 10
6.3 Special Petroleum Tax 11
6.4 Taxation 11
6.5 Carbon Dioxide Tax 11
6.6 Deductions and Depreciation 11
7 Statfjord Field, Norway, Infrastructure 12
7.1 Upstream Infrastructure 13
7.1.1 Wells 13
7.1.2 Platforms - Platform A, Platform B and Platform C 13
7.2 Midstream Infrastructure 14
7.2.1 Statfjord Field - Tampen Link Pipeline 14
7.2.2 Storage Tanks 15
8 Statfjord Field, Norway, Development Plan, Investment and Expenditure 15
8.1 Phase One (1975 - 2004) 16
8.2 Phase Two - Late Life Field Development (2005) 16
9 Statfjord Field, Norway, Crude Oil and Natural Gas Production 16
9.1 Statfjord Field, Norway, Crude Oil Production 16
9.2 Statfjord Field, Norway, Natural Gas Production 19
9.3 Statfjord Field, Norway, Natural Gas Liquids Production 21
10 Statfjord Field, Norway, Field Economics 23
10.1 Statfjord Field, Economic Assumptions 23
10.1.1 Forecast Commodity Prices 23
10.1.2 Inflation 23
10.1.3 Discount Rate and Representation of Cash Flows 23
10.1.4 Sensitivity 23
10.1.5 Access to the Economic Model 23
10.2 Statfjord Field, Cash Flow Analysis 24
10.3 Statfjord Field, Norway, Remaining PV Sensitivity Analysis 25
10.3.1 Remaining NPV Sensitivity to Discount Rates 25
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 26

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7781...

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/catalog/publishers.aspx?pubid=1015

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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