"Tupi, Santos Basin, Brazil Commercial Asset Valuation and Forecast to 2039" Published

Aug. 31, 2010 - PRLog -- The Tupi oil and gas fields were discovered in July 2006, located in block BM-S-11 in the Santos Basin, 155 miles (250km) from the southern coast of Rio de Janeiro. The Tupi Field was the first Santos Basin pre-salt discovery. It is the largest hydrocarbon find in the world since the Kazakh's Kashagan discovery in 2000, holding estimated recoverable reserves of oil and gas at between five billion and eight billion barrels of oil equivalent (boe).

The first exploratory well, 1-BRSA-369-RJS, was drilled in a water depth of 7,021 feet (2,140m). The recoverable reserves were confirmed in September 2007 when a second well was drilled on the Tupi field with oil discovery. Tupi oil is a light oil of 28 degrees API, low sulphur (0.37 - 0.39%), with 8 to 12% CO2 content in the solution gas The price of Tupi oil is at par with the Brent Blend price.

Petrobras is operator of the field, and holds a 65% interest in the field. Development of Tupi is executed in two phases, and development is planned through floating, production, storage and offloading (FPSO) facilities vessel. In the first phase of development, long-duration tests of the area were conducted in March 2009. The EWT (Extended Well Test) started in May 2009 at the rate of 14,000 barrels of oil per day (bopd) and increased to 30,000 bopd by the end of 2009.

The second phase of development is expected to commence in late 2010, using a floating production, storage and offload vessel (FPSO) with a capacity of 100,000 barrels of oil equivalent per day and four million cubic meters of gas per day by 2010. It is estimated that around ten FPSOs would be needed for the development of Tupi field and it would reach peak production of around 1,000,000 bopd in the year 2021.

The field life of Tupi is expected to be around 30 years with complete abandonment during 2039. The field is expected to generate $490.24 billion in revenues (undiscounted) during its entire life (starting January 1, 2010) and is expected to yield an IRR of around 14.34%.

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/77820_tupi_santos_basin_brazil...

Partial Table of Contents:

1 Table of contents 2
1.1 List of Tables 2
1.2 List of Figures 4
2 Tupi Field, Introduction 5
3 Tupi Field, Geology and Formations 6
4 Tupi Field, Equity Details 8
5 Tupi Field, Crude Oil and Natural Gas Reserves 9
6 Tupi Field, Applicable Fiscal Regime 9
7 Tupi Field, Infrastructure 14
8 Tupi Field, Field Development Plan and Capital Expenditure 16
9 Tupi Field, Crude Oil and Natural Gas Production 17
10 Tupi Field, Economics 20
10.1 Tupi Field, Economic Assumptions 20
10.1.1 Forecast Commodity Prices 20
10.1.2 Inflation 20
10.1.3 Discount Rate and Representation of Cash Flows 20
10.1.4 Sensitivity 20
10.1.5 Access to the Economic Model 20
11 Tupi Field, Cash Flow Analysis 21
12 Tupi Field, Summary Cash Flows 25
13 Appendix 29
13.1 Methodology 29
13.2 Coverage 29
13.3 Secondary Research 29
13.4 Primary Research 29
13.5 E&P Forecasts 30
13.6 Capital Costs 30
13.7 Exploration and Appraisal (E&A) Costs 30
13.8 Operating Costs 30
13.9 Expert Panel Validation 31
13.10 About GlobalData
13.11 Contact Us
13.12 Disclaimer

1.1 List of Tables

Table 1: Tupi Field, Brazil, Key Asset Data, 2010 6
Table 2: Tupi Field, Brazil, Characteristics of Reservoir, 2010 6
Table 3:Tupi Field, Brazil, Equity Partners and Their Equity Stakes, 2010 8
Table 4: Brazil -Offshore, License Rental Rates, 2010 9
Table 5: Brazil - Offshore (More than 400 metres), Special Participation (In Reais) in First Year, 2010 10
Table 6: Brazil - Offshore (More than 400 meters), Special Participation (In Reais) in Second Year, 2010 10
Table 7: Brazil - Offshore (More than 400 meters), Special Participation (In Reais) in Third Year, 2010 12
Table 8: Brazil - Offshore (More than 400 meters), Special Participation (In Reais) After Third Year, 2010 12

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7782...

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.

# # #

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.