Ormen Lange Field, Norway, Commercial Asset Valuation And Forecast To 2040 - Aarkstore Enterprise
Ormen Lange field, Norway, Commercial Asset Valuation and Forecast to 2040 - Ormen Lange field is the second largest gas field in Norway
. It is located 120km off the north west coast of Norway.
The field lies at the water depths of 800-1100m The field was discovered in 1997 and ranks as the largest development in the European offshore arena. The fields discovery lies across blocks 6305/4, 6305/5, 6305/7 and 6305/8. The field development was started in April 2004 and came on stream in 2007. The fields production is expected to meet 15-20% of the UKs gas requirements.
Statoil Hydro was the operator for the development phase of the field and Shell is the operator of the operational phase of the field. Statoil Hydro, an integrated oil and gas company, holds a 28.92% stake in the field. Shell, current operator of the field, holds around 17.03% of stake in the field. Petoro holds the majority stake in the field with 36.47%.other equity holders include Dong with 10.34% and Exxon Mobil with 7.23%.
The estimated total recoverable gas reserves of Ormen Lange field are around 10,654 billion cubic feet of gas and 117 million barrels of condensate. Production from the field started in September 2007. The total remaining reserves are around 8,384 billion cubic feet of gas and 89.25 million barrels of condensate. Ormen Lange field condensate has high quality crude oil with of 60.4 API and 0.01 mass % of sulphur.
Ormen Lange field produced 10.35 million barrels of condensate and 734bcf of crude oil during 2009. The field life of Ormen Lange field is expected to be around 34 years with complete abandonment during 2040. The field is expected to generate $11.25 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 12.62%.
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
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