Now Available: Pierce Field, United Kingdom, Commercial Asset Valuation and Forecast to 2011

Fast Market Research recommends "Pierce Field, United Kingdom, Commercial Asset Valuation and Forecast to 2011" from GlobalData, now available
 
Aug. 31, 2010 - PRLog -- Pierce field lies in the blocks 23/22a and 23/27, 280km east of Aberdeen. The field basically comprises two regions Pierce North (formerly Medan) and Pierce South (formerly Pierce). Shell EP Offshore Ventures Limited is the operator of the field.

Pierce Field has a major equity partner Shell EP Offshore Ventures Limited with a 49.73% equity stake. The other equity partners are Enterprise Oil Limited, Nippon Oil Exploration & Production UK Limited and Summit Petroleum Limited.

Pierce field produces conventional crude oil and natural gas. The field produces the crude oil of Brent Blend quality with 38th API and sulfur content of 0.05% (by mass).

Pierce Field started production in 1999 and has produced around 14.26 million barrels of oil and 99.31 billion cubic feet of gas in the last three years. The current production (2010) of the field is estimated to be approximately 3.47 million barrels of oil and 28.49 billion cubic feet of gas.

The production life of the Pierce Field is expected to be around 12-13 years with complete abandonment during 2011. The field is expected to generate $825.88m in revenue (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 23.72%.

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/77806_pierce_field_united_king...

Partial Table of Contents:

1 Table of contents 2
1.1 List of Tables 3
1.2 List of Figures 4
2 Pierce Field, United Kingdom, Introduction 5
3 Pierce Field, United Kingdom, Geology and Formation 6
4 Pierce Field, United Kingdom, Equity Partners 9
5 Pierce Field, United Kingdom, Oil and Gas Reserves 9
6 Pierce Field, United Kingdom, Key Fiscal System 9
6.1 Key Fiscal Terms 9
6.1.1 Contract Type 9
6.1.2 Royalty 9
6.1.3 Bonuses 9
6.1.4 Rentals 10
6.1.5 Fees 10
6.1.6 Taxation 10
6.1.7 Petroleum Revenue Tax (PRT) 10
6.1.8 Deductions 10
6.1.9 Capital Allowance 10
6.1.10 Ring Fence 10
7 Pierce Field, United Kingdom, Infrastructure 11
7.1 Upstream Infrastructure 11
7.1.1 Wells 11
7.1.2 FPSO 11
7.1.3 Vessel 11
7.1.4 Water Injection Unit 11
7.1.5 STP (Submerged Turret Production) Buoy 11
7.2 Midstream Infrastructure 13
7.2.1 Multi-ShuttleTankers (MST) 13
7.2.2 Pipeline 14
8 Pierce Field, United Kingdom, Development Plan, Investment and Expenditure 14
8.1 Phase One (1975-1976) 14
8.2 Phase Two (1978-1983) 14
8.3 Phase Three (1983-1991) 15
8.4 Phase Four (1991-1994) 15
8.5 Phase Five (1995-1996) 15
8.6 Phase Six (2003-2004) 15
9 Pierce Field, United Kingdom, Crude Oil Production and Gas Production 16
10 Pierce Field, United Kingdom, Field Economics 18
10.1 Pierce Field, United Kingdom, Economic Assumptions 18
10.1.1 Forecast Commodity Prices 18
10.1.2 Inflation 18
10.1.3 Discount Rate and Representation of Cash Flows 18
10.1.4 Sensitivity 18
10.1.5 Access to the Economic Model 18
10.2 Pierce Field, United Kingdom, Cash Flow Analysis 19
10.3 Pierce Field, United Kingdom, Remaining PV Sensitivity Analysis 20
10.3.1 Remaining NPV Sensitivity to Discount Rates 20
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 21
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 22
11 Pierce Field, United Kingdom, Summary Cash Flows 23
11.1 Pierce Field, United Kingdom, Front End Load Due To Fiscal Policy 24
11.2 Pierce Field, United Kingdom, Tax Liability 25
12 Appendix 26
12.1 Methodology 26
12.2 Coverage 26
12.3 Secondary Research 26
12.4 Primary Research 26
12.5 E&P Forecasts 27
12.6 Capital Costs 27
12.7 Exploration and Appraisal (E&A) Costs 27

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=7780...

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About Fast Market Research

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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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