Tyrihans, Norway, Commercial Asset Valuation and Forecast to 2024
http://www.reportsandreports.com/market-reports/tyrihans-norway-commercial-asset-valuation-and-forecast-to-2024/
Tyrihans is located in Haltenbank area of the Norwegian Sea in the
Norway. Tyrihans is an oil and gas field which covers total area of
117.62 square kilometers. StatoilHydro is the operator of the field
since its discovery in 1983. Tyrihans is the largest field brought on
stream by Statoil in 2009.
Current partners of the field are
StatoilHydro ASA, Total SA, Eni Norge AS & Exxon Mobil Corporation
with StatoilHydro as the major partner with 58.84% equity stake.
Tyrihans
produces crude oil of intermediate to mid gravity with 29ยบ API.
Tyrihans came on stream in July 2009 and produced 10.04 million barrels
of crude oil during 2009. Plateau production of Tyrihans is expected to
be 96,000 barrels of oil equivalent per day. Though subsea pumps will be
used for injection of sea water, gas will also be injected. Asgard B
pipeline will compensate the gas supply for gas injection and gas lift.
The
field (or mine) life of Tyrihans is expected to be around 16 years with
complete abandonment during 2024. The field is expected to generate
$14.84 billion in revenues (undiscounted) during its remaining life
(starting from 1/1/2010) and is expected to yield an IRR of around
22.23%.
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.
- 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
1.1 List of Tables 3
1.2 List of Figures 3
2 Tyrihans, Norway, Introduction 4
3 Tyrihans, Norway, Geology and Formation 6
4 Tyrihans, Norway, Equity Partners 7
5 Tyrihans, Norway, Crude Oil Reserves 8
6 Tyrihans, Norway, Key Fiscal Terms 9
6.1 Contract Type 9
6.2 Royalty 9
6.3 Fees 9
6.4 Special Petroleum Tax 9
6.5 Taxation 9
7 Tyrihans, Norway, Infrastructure 10
7.1 Upstream Infrastructure 10
7.2 Midstream Infrastructure 12
8 Tyrihans, Norway, Development Plan, Investment and Expenditure 13
9 Tyrihans, Norway, Crude Oil Production 14
10 Tyrihans, Norway, Field Economics 15
10.1 Tyrihans, Economic Assumptions 15
10.1.1 Forecast Commodity Prices 15
10.1.2 Inflation 15
10.1.3 Discount Rate and Representation of Cash Flows 15
10.1.4 Sensitivity 15
10.1.5 Access to the Economic Model 15
10.2 Tyrihans, Cash Flow Analysis 16
10.3 Tyrihans, Norway, Remaining PV Sensitivity Analysis 17
10.3.1 Remaining NPV Sensitivity to Discount Rates 17
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 18
10.3.3 Remaining NPV Sensitivity to Special Petroleum Tax and Production Rate 19
11 Tyrihans, Norway, Summary Cash Flows 20
11.1 Tyrihans, Norway, Front End Load Due To Fiscal Policy 21
11.2 Tyrihans, Norway, Tax Liability 22
12 Appendix 23
12.1 Methodology 23
12.2 Coverage 23
12.3 Secondary Research 23
12.4 Primary Research 23
12.5 E&P Forecasts 24
12.6 Capital Costs 24
12.7 Exploration and Appraisal (E&A) Costs 24
12.8 Operating Costs 24
12.9 Expert Panel Validation 25
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer
1.1 List of Tables
Table 1: Tyrihans, Norway, Key Asset Data, 2010 4
Table 2: Tyrihans, Norway, Field Reserves, January 2010 8
Table 3: Tyrihans, Norway, Exploration Wellbores 10
Table 4: Tyrihans, Norway, Exploration Wellbores 11
Table 5: Tyrihans, Norway, Production, Million Barrels, 2009-2024 14
Table 6: Tyrihans, Norway, Commodity Price Assumptions, 2009-2024 15
Table 7: Tyrihans, Norway, Project Analysis Metrics, 2010 16
Table 8: Tyrihans, Norway, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in Million Dollars 17
Table 9: Tyrihans, Norway, Remaining PV Sensitivity Analysis over Commodity Price Change Vs Production Rate, in Million Dollars 18
1.2 List of Figures
Figure 1: Tyrihans, Norway, Location Map 5
Figure 2: Tyrihans, Norway, Illustrative Diagram of Geology and Formation 6
Figure 3: Tyrihans, Norway, Current Equity Details, 2010 7
Figure 4: Tyrihans, Norway, Project Facilities Map 10
Figure 5: Tyrihans, Norway, Schematic diagram of Subsea Installations 11
Figure 6: Tyrihans, Norway, Pipeline 12
Figure 7: Tyrihans, Norway, Subsea Template 12
Figure 8: Tyrihans, Norway, Production and Forecast, 2009-2024 14
Figure 9: Tyrihans, Norway, Gross Revenue Versus Tax Cash Flow Analysis, 2009-2024 16
Figure 10: Tyrihans, Norway, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in Million Dollars 17
Figure 11: Tyrihans, Norway, Remaining PV Sensitivity Analysis over Change in Production Vs. Commodity Price Change, in Million Dollars 18
Figure 12: Tyrihans, Norway, Remaining PV Sensitivity Analysis Over Special Petroleum Tax Change Vs. Production Rate, in Million Dollars 19
