Greater White Rose, Canada, Commercial Asset Valuation And Forecast To 2019 - Aarkstore Enterprise

Aarkstore announce a new report "Greater White Rose

, Canada, Commercial Asset Valuation and Forecast to 2019 " through its vast collection of market research report.

Greater White Rose, Canada, Commercial Asset Valuation and Forecast to 2019 - Greater White Rose area is located in the Jeanne dArc Basin of North Atlantic Ocean approximately 350km (217 miles) east-southeast of St. Johns, Newfoundland, Canada in water depth of 120m. It consists of one main field White Rose and three satellite fields which are tied-back to main field. The three satellite fields are North Amethyst, South White Rose Extension and West White Rose Extension. The Greater White Rose field was discovered in the year 1984 and was approved for field development in 2001. The focus for the initial development of White Rose was on the South Avalon pool, and first oil production took place in November 2005. Production from the field will be shuttled in two tankers from the SeaRose-FPSO.

Husky Energy operates the project and owns 72.5% interest in the main White Rose field and Suncor Energy owns the remaining 27.5%. For the satellite fields Husky Energy owns 68.87% interest; Suncor Energy owns 26.12% interest; and the Government of Newfoundland and Labrador, through the provinces energy corporation named Nalcor Energy hold an equity stake of 5%. Located in the South Avalon reservoir, White Rose has estimated recoverable reserves of 305 million barrels of oil and an estimated recoverable reserve of 3.02 Tcf of natural gas. White Rose field produced 22.79 million barrels of crude oil during 2009.

The field contains medium-weight crude oil has 30-31 API and 0.31% wt. of low sulfur content. It has a relatively high pour point and wax content. The price of Greater White Rose crude oil is at par with the WTI. The current production of White Rose is 135,000 bopd with the expected field life of 15 years.

The owners of the field are planning to increase the capacity by developing the satellite extension fields.

The total recoverable reserves from the White Rose field and the North Amethyst are estimated to be at around 375 million barrels. The field life of Greater White Rose is expected to be around 15 years with complete abandonment during 2019. The field is expected to generate 17.37 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 30.68%.

Extension Fields: North Amethyst Satellite field (near to the White Rose field) is tied-back to SeaRose FPSO. In 2006 the field was discovered. It is estimated to contain 70 million barrels of 2P recoverable reserve (28.2 million barrels of proved and 41.8 million barrels of probable reserves). According to the field development plan 11 wells are tied-back to the FPSO. A glory hole for the North Amethyst subsea equipment was dredged in 2007, and development drilling occurred at the end of 2008. Production started in 2010 after the fields subsea tie-in work which was completed in the first quarter of 2010.

The estimated reserve in South White Rose Extension is 24 million barrels of oil in September 2007 it received government approval. The application to develop West White Rose Extension was filed with the C-NLOPB in 2008. To find and define the West White Rose resources there are plans to drill an additional delineation.

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 countrys fiscal policies impact the cash flows and the present value of the asset

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by: Aarkstore Enterprise

Greater White Rose, Canada, Commercial Asset Valuation And Forecast To 2019 - Aarkstore Enterprise

Aarkstore announce a new report "Greater White Rose

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