New Market Report: Starling, United Kingdom, Commercial Asset Valuation and Forecast to 2015

Fast Market Research recommends "Starling, United Kingdom, Commercial Asset Valuation and Forecast to 2015" from GlobalData, now available
 
Aug. 31, 2010 - PRLog -- Starling field is located in North Sea region of the UK. Starling is at water depth of 100m and lies in the block 29/3a. It is a subsea tie-back to Shearwater installations. The Shearwater installation lies in block 22/30. The Starling field was discovered in the year 1979 by the exploration well 29/3a-2. However, the field was not appraised till 2003 due to the absence of any nearby infrastructure, uncertainty around GIIP volumetrics and the limited understanding of distal Forties reservoir production performance. Finally, the field produced its first gas and natural gas liquids in the year 2008.

Starling is operated by Shell UK Ltd. with equity holding of 28%. The other equity partner is ExxonMobil. Shell provides the processing and transporting facilities to the field.

Starling produced about 32,425 MMcf of natural gas and 2.39 million barrels of condensate in 2009. Starling has cumulative production of 72,582 MMCF of natural gas and 6.01 million barrels of condensate till 2009. The operator estimates the field will produce till 2015.

The Starling field is expected to generate $953m in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 45.84%.

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/77817_starling_united_kingdom_...

Partial Table of Contents:

1 Table of Contents 2
1.1 List of Tables 3
1.2 List of Figures 3
2 Starling, United Kingdom, Introduction 4
3 Starling, United Kingdom, Geology and Formations 5
4 Starling, United Kingdom, Equity Partners 6
5 Starling, United Kingdom, Natural Gas and Condensate Reserves 7
6 Starling, United Kingdom, Key Fiscal Terms 7
6.1 Royalty 7
6.2 Bonuses 8
6.3 Rentals 8
6.4 Fees 8
6.5 Taxation 8
6.6 Petroleum Revenue Tax (PRT) 8
6.7 Deductions 8
6.8 Capital Allowance 9
6.9 Withholding Tax 9
6.10 Ring Fence 9
7 Starling, United Kingdom, Infrastructure 9
7.1 Upstream Infrastructure 9
7.2 Midstream Infrastructure 9
8 Starling, United Kingdom, Development Plan 12
9 Starling, United Kingdom, Natural Gas and Condensate Production 12
10 Starling, United Kingdom, Field Economics 14
10.1 Starling, 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 Starling, United Kingdom, Cash Flow Analysis 15
10.3 Starling, United Kingdom, Remaining PV Sensitivity Analysis 16
10.3.1 Remaining NPV Sensitivity to Discount Rates 16
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 17
10.3.3 Remaining NPV Sensitivity to Petroleum Revenue Tax and Production Rate 18
11 Starling, United Kingdom, Summary Cash Flows 19
11.1 Starling, United Kingdom, Front End Load Due To Fiscal Policy 20
11.2 Starling, United Kingdom, 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&PForecasts 23
12.6 CapitalCosts 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: Starling, United Kingdom, Key Asset Data, 2010 4
Table 2: Starling, United Kingdom, Field Reserves, January 2010 7
Table 3: Starling, United Kingdom, Historic Production and Forecast, 2008-2015 13
Table 4: Starling, United Kingdom, Commodity Price Assumptions, 2010-2025 14
Table 5: Starling, United Kingdom, Commodity Price Assumptions, 2010-2015 14

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

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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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