Now Available: Ringhorne Ost, Norway, Commercial Asset Valuation and Forecast to 2022

Aug. 31, 2010 - PRLog -- Ringhorne is an offshore oil and gas field located nine miles north of Balder in the northern part of the North Sea. Ringhorne platform is divided into east and west zones. Ringhorne Ost (East) is located 180km west of KarmOy. Ringhorne Ost geographically lies in the block-25/8 with a sea depth of 130m. The total area of the reserve is 54.23 sq km. The reservoir lies at the depth of approximately 1,940m. The production license numbers for the producing field 25/8 are 027 and 169.

Ringhorne Ost field was discovered in August 2003. The field started its production in March 2006. ExxonMobil is the operator and has 100% ownership in the Ringhorne fields, except for Ringhorne Ost where ExxonMobil Exploration & Production Norway AS's equity is 77.40%. The other Ringhorne Ost equity partners are Statoil Petroleum AS and Petoro AS. The crude oil produced from the field is of 38degAPI and the sulfur content is less than 0.001%. Ringhorne platform has ideally zero emissions with a flare system ignited on demand which avoids carbon dioxide emissions.

Ringhorne field produced an average of 88,300 barrels of oil per day and 28 million cubic feet of natural gas per day in 2008. It produced 10.08 million barrels of oil and 1,518.77 MMcf of gas in 2009. The remaining recoverable reserves are 74 million barrels of oil and 10,263 MMcf of gas as on December 2009.v The field life of Ringhorne Ost is expected to be around 17 years with complete abandonment during 2022. The field is expected to generate $3.15 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 55.66%.

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

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Partial Table of Contents:

1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 4
2 Ringhorne Ost, Norway, Introduction 5
3 Ringhorne Ost, Norway, Geology and Formations 6
4 Ringhorne Ost, Norway, Equity Partners 7
5 Ringhorne Ost, Norway, Crude Oil and Natural Gas Reserves 8
6 Ringhorne Ost, Norway, Applicable Fiscal Regime 8
6.1 Key Fiscal Terms 8
6.1.1 Royalty 8
6.1.2 Fees 8
6.1.3 Special Petroleum Tax 8
6.1.4 Taxation 8
6.1.5 Carbon Dioxide Tax 8
7 Ringhorne Ost, Norway, Infrastructure 9
7.1 Upstream Infrastructure 9
7.2 Midstream Infrastructure 9
8 Ringhorne Ost, Norway, Field Development Plan 10
9 Ringhorne Ost, Norway, Natural Gas and Crude Oil Production 11
10 Ringhorne Ost, Norway, Field Economics 13
10.1 Ringhorne Ost, Economic Assumptions 13
10.1.1 Forecast Commodity Prices 13
10.1.2 Inflation 13
10.1.3 Discount Rate and Representation of Cash Flows 13
10.1.4 Sensitivity 13
10.1.5 Access to the Economic Model 13
10.2 Ringhorne Ost, Norway, Cash Flow Analysis 14
10.3 Ringhorne Ost, Norway, Remaining PV Sensitivity Analysis 15
10.3.1 Remaining NPV Sensitivity to Discount Rates 15
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 16
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 17
11 Ringhorne Ost, Norway, Summary Cash Flows 18
11.1 Ringhorne Ost, Norway, Front End Load Due To Fiscal Policy 19
11.2 Ringhorne Ost, Norway, Tax Liability 20
12 Appendix 21
12.1 Methodology 21
12.2 Coverage 21
12.3 Secondary Research 21
12.4 Primary Research 21
12.5 E&P Forecasts 22
12.6 Capital Costs 22
12.7 Exploration and Appraisal (E&A) Costs 22
12.8 Operating Costs 22
12.9 Expert Panel Validation 23
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

1.1 List of Tables

Table 1: Ringhorne Ost, Norway, Key Asset Data, 2010 5
Table 2: Ringhorne Ost, Norway, Field Reserves, January 2010 8
Table 3: Ringhorne Ost, Norway, Historic and Forecast Production, 2006-2022 12
Table 4: Ringhorne Ost, Norway, Commodity Price Assumptions, 2010-2022 13
Table 5: Ringhorne Ost, Norway, Commodity Price Assumptions, 2010-2022 13
Table 6: Ringhorne Ost, Norway, Project Analysis Metrics, 2010 14

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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.